China expected to lead solar PV installations globally

China will retain its world’s largest market share position for annual solar PV installations, adding around 17.6 GW this year. The US will far behind with 8.2 GW of additions, while India will witness strong demand in its solar PV market thanks to growing policy and political support. However, with Germany implementing initial measures to move away from expensive renewable energy subsidies and towards a reverse auction system by 2017 – will see reduction in installations. Similarly, Japan’s lucrative solar PV policies, which have been attracting strong investments in the recent years, have witnessed cuts that translate into a reduction in installed capacity additions, compared to the preceding record-breaking figure of 10 GW.

 

GlobalData’s Mid-Year Solar Power Market Update report provides analysis of the expected trends in the solar Photovoltaic (PV) market, including the demand-supply scenario in global solar sector, as well as commentaries on the major solar PV countries like Germany, Italy, India, China, Japan and the US.

This report includes:

  • An analysis on expected trends in the solar market
  • The demand-supply scenario in global solar market
  • Key commentaries on the major solar PV markets
  • Reduced solar photovoltaic additions in Germany and Japan will not dampen global growth. Find out how?

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