- Global solar market will hit almost 100 GW in 2017, up 12% on 2017 and another record high
- Market will continue to grow to annual installations of over 120 GW by 2022
The global solar market will hit almost 100 GW in 2017, up 12% on 2017 and another record high. The market will continue to grow to annual installations of over 120 GW by 2022. Outside of China, competitive auctions are driving installations in many developed and emerging markets. A resurgence of European demand in 2018 will bring 43% annual growth as Latin American demand more than doubles in the same year.
Global PV Demand, 2007-2022E
The Global Solar Demand Monitor is a quarterly report that provides insight into major developments for the global solar landscape, offering an assessment of the trajectory and key trends in the global market and providing scenario-based demand forecasts, insights on project pipelines, financing conditions, and supply-chain dynamics at the regional and country level. The analysis spans across market segments – residential, commercial, industrial and utility-scale – and includes deep-dive analyses on each regional market.
This report is part of GTM Research’s Global Downstream Solar Service, an annual subscription that analyzes the demand drivers, policies and risks that shape global solar markets. It enables companies to be successful in navigating the global market today, and anticipate trends in the future.
Source: https://www.greentechmedia.com/research/report/global-solar-demand-monitor-q4-2017
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