The impressive growth is unlikely to replace coal-fired power generation as it will only be sufficient to cover the predicted increase in demand for electricity. The electrification of heating, manufacturing and transportation offer room for further development.
Figures published today by both IHS Markit and GTM research forecast annual growth in the global solar market in 2017, albeit at a slower rate than was seen in 2016. The analysts predict continued demand from the four largest markets, particularly China and India, as the key drivers behind this growth.
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