Major PV inverter manufacturer SMA Solar Technology has once again reiterated sales and earnings guidance for 2018, after reporting first half year results but has become increasingly bearish on the global solar market, while its solar product order backlog takes a dive.
According to GTM Research, global solar PV installations are expected to surpass 104GW in 2018, despite the top four markets, including China, forecasted to decline collectively by 7%.
According to a new report from market research firm GTM Research, solar tracker systems market in 2017 increased by 32% to a record 14.5GW, led surprisingly by Latin America.
GTM Research’s latest ‘Global Solar Demand Monitor’ report has highlighted that 13 countries by the end of 2018 would exceed the 1-gigawatt level of annual PV installations, up from eight in 2017.