IHS Markit: Despite China decline global solar growth in 2019 to hit 129GW

Facebook
Twitter
LinkedIn
Reddit
Email
IHS Markit has become increasingly concerned about the lack of visibility for strong global demand in the second quarter of 2020, compounded by the additional manufacturing capacity (cells and modules) expected to start ramping production in the first half of 2020. Image: Jolywood

IHS Markit has reiterated its global solar demand forecast for 2019, despite lower expectations for China. 

The market research firm said that faster than anticipated growth in some international markets such as the Netherlands, Spain, Germany, Italy, Turkey, or Ukraine had reduced the growth risks associated with weaker demand in China. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

IHS Markit also remained bullish on the APAC region outside of China and several South American markets having greater upside potential for solar installations in 2019.

As a result, global solar installations are expected to be around 129GW in 2019.

However, the market research firm has become increasingly concerned about the lack of visibility for strong global demand in the second quarter of 2020, compounded by the additional manufacturing capacity (cells and modules) expected to start ramping production in the first half of 2020.

The impact of weak demand and potential overcapacity could impact the entire supply chain and initiate another cycle of gross margin compression for the PV industry. 

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

September 18, 2025
CERC is finalising guidelines for virtual power purchase agreements (vPPAs) to unlock financing for over 40GW of uncontracted renewable capacity.
September 18, 2025
Researchers have called for enhanced international standards to detect ultraviolet-induced degradation (UVID) in PV modules after identifying “severe” levels of the problem in operational n-type panels.             
September 18, 2025
Indian PV makers have welcomed the government’s plan to add solar wafers to its ALMM List-III from June 2028.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA