Market research firm IHS Markit believes the PV inverter replacement market will increase by around 40% in 2020, creating an 8.7GW need outside new global installations.
Market research firm, IHS Markit expects global solar installations to continue double-digit growth rates in 2020, forecasting new installs to hit 142GW, a 14% increase over 2019.
IHS Markit has reiterated its global solar demand forecast for 2019, despite lower expectations for China.
According to the latest ‘Solar EPC and O&M Provider Tracker’ report from IHS Markit, the EPC sector has yet to experience any effective market leaders or consolidation.
IHS Markit: Europe to add 19GW and US to overtake India in year where PV installations will reach 129GW worldwide and return to double-digit growth.
Global unit shipments of single-axis PV trackers increased by over 40% in 2018 en route to surpassing the 20GW threshold for the first time.
Annual global PV installations in 2019 are expected to rise by 18%, reaching a generation capacity of 123GW on the year, according to the latest report released by IHS Markit.
IHS Markit reveals the ten leading global EPCs as TBEA Sunoasis maintained its position at the very top in 2017.
Module prices in India will remain 14% lower than eight months ago even after the imposition of a 25% safeguard duty on imports, according to analysis by IHS Markit.
Chemicals firm Wacker Chemie has painted a rosier picture of polysilicon supply and demand in 2018 than most when reporting a small second quarter decline in polysilicon revenue.
According to market research firm IHS Markit, solar PV installations in 2018 are expected to reach 105GW, an 11% increase over the prior year when installations topped over 96GW, despite an expected decline in China, due to the sudden capping of growth by new government policies.
IHS Markit has forecasted that global solar photovoltaic (PV) demand will increase to a record 113GW in 2018, a 19% increase over 2017, driven by continued strength in the China market and expected growth in India and several fast emerging countries such as Mexico and Egypt.
As PV Tech recently reported, significantly higher than expected solar PV installations in China is driving global installation forecasts to be revised upwards.
Suniva’s petition to the US International Trade Commission (ITC) puts PV demand at risk by the uncertainty created among investors and the global supply chain, argues market research firm IHS Markit.
Global PV demand for 2017 could be as high as 85GW according to market research firm GTM.