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

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
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. 

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. 

Read Next

September 22, 2021
More than 190 US solar companies have warned that proposed duties on imports of modules and cells from three Southeast Asian countries represent an “immediate and serious threat” to America’s solar sector.
September 22, 2021
China has appealed a recent World Trade Organization (WTO) ruling that rejected the country’s challenges to the US' safeguard tariffs on certain crystalline silicon PV cells.
September 15, 2021
Solar module manufacturer Seraphim has started construction on new phases of its 10GW module manufacturing facility in Jinzhai, China.
September 3, 2021
The World Trade Organization (WTO) has rejected China’s challenges to US safeguard tariffs on certain crystalline silicon PV cells, ruling that the measures have not breached global trade rules.
September 1, 2021
Solar manufacturer Tongwei increased the prices of its cells for the second time in a month on Monday, with polysilicon pricing also edging upwards this week.
August 25, 2021
NextEra Energy has asked the US Department of Commerce (DOC) to force a new alliance of solar companies to either reveal its members or ditch its request for fresh tariffs on China-linked solar imports.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021