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GTM Research recently released a new analysis predicting that global solar capacity will exceed 104 GW in 2018 and will remain above 100 GW per year until at least
2022.
GTM: Global solar capacity will exceed 104 GW in 2018
After installing 98.
9 GW of solar capacity globally in 2017, most analysts expect new PV installations to exceed the 100 GW mark
for the first time in 2018.
In January, Angus McCrone, editor-in-chief of Bloomberg New Energy Finance, predicted 107 GW of new solar capacity in 2018, while TrendForce's EnergyTrend predicted an increase of 106 GW
in the global solar market.
Last month, IHS Markit analysts predicted that global solar demand would reach 113 GW this year, in part due to 34 GW of massive new capacity
additions in the fourth quarter of last year.
GTM Research, which released its latest Global Solar Demand Monitor last month, forecasts 104 GW of solar installed in 2018, representing an annual growth rate of 6%.
In addition, GTM expects that new capacity additions will easily exceed 100 GW per year until at least 2022
.
More interestingly, however, GTM expects annual growth to be attributed at least in part to geographic diversification, which will compensate for a 7% decline in
the four largest markets.
Specifically, GTM expects China's new solar capacity to decline by 9.
4% in 2018, although the country will still account for 47%
of global demand.
The U.
S.
market will remain stable this year, while new solar capacity in India is expected to decline by about 26 percent, while India set a record
capacity growth in the first quarter of this year.
According to reports, the US market is expected to add 10.
6 GW of PV cell capacity in 2018, while India will install 7.
1 GW of PV cell capacity
.
New solar capacity by country in 2018
"Trade-restrictive measures remain an obstacle to
growth in the U.
S.
and India.
" GTM Research solar analyst Rishab Shrestha said, "The U.
S.
offering tariff-free modules and announcing that it will compensate Indian developers who have been negatively impacted by tariffs gives some encouragement
.
”
As many other analysts have suggested over the past 15 months, GTM Research agrees that the diversification of the solar market will have a geographical factor, with many emerging countries now stepping up research and development of solar technology at very low costs, and the value of solar energy being repeatedly proven
around the world.
Specifically, GTM Research expects Egypt and Brazil to join the gigawatt market
.
GTM Research currently expects Latin America to add 5.
6 GW of solar capacity in 2018 and the Middle East and Africa region to add 4.
7 GW, up 61% and a staggering 281%
year-over-year, respectively.
，
GTM Research recently released a new analysis predicting that global solar capacity will exceed 104 GW in 2018 and will remain above 100 GW per year until at least
2022.
GTM: Global solar capacity will exceed 104 GW in 2018
GTM: Global solar capacity will exceed 104 GW in 2018After installing 98.
9 GW of solar capacity globally in 2017, most analysts expect new PV installations to exceed the 100 GW mark
for the first time in 2018.
In January, Angus McCrone, editor-in-chief of Bloomberg New Energy Finance, predicted 107 GW of new solar capacity in 2018, while TrendForce's EnergyTrend predicted an increase of 106 GW
in the global solar market.
Last month, IHS Markit analysts predicted that global solar demand would reach 113 GW this year, in part due to 34 GW of massive new capacity
additions in the fourth quarter of last year.
GTM Research, which released its latest Global Solar Demand Monitor last month, forecasts 104 GW of solar installed in 2018, representing an annual growth rate of 6%.
In addition, GTM expects that new capacity additions will easily exceed 100 GW per year until at least 2022
.
More interestingly, however, GTM expects annual growth to be attributed at least in part to geographic diversification, which will compensate for a 7% decline in
the four largest markets.
Specifically, GTM expects China's new solar capacity to decline by 9.
4% in 2018, although the country will still account for 47%
of global demand.
The U.
S.
market will remain stable this year, while new solar capacity in India is expected to decline by about 26 percent, while India set a record
capacity growth in the first quarter of this year.
According to reports, the US market is expected to add 10.
6 GW of PV cell capacity in 2018, while India will install 7.
1 GW of PV cell capacity
.
New solar capacity by country in 2018
New solar capacity by country in 2018"Trade-restrictive measures remain an obstacle to
growth in the U.
S.
and India.
" GTM Research solar analyst Rishab Shrestha said, "The U.
S.
offering tariff-free modules and announcing that it will compensate Indian developers who have been negatively impacted by tariffs gives some encouragement
.
”
As many other analysts have suggested over the past 15 months, GTM Research agrees that the diversification of the solar market will have a geographical factor, with many emerging countries now stepping up research and development of solar technology at very low costs, and the value of solar energy being repeatedly proven
around the world.
Specifically, GTM Research expects Egypt and Brazil to join the gigawatt market
.
GTM Research currently expects Latin America to add 5.
6 GW of solar capacity in 2018 and the Middle East and Africa region to add 4.
7 GW, up 61% and a staggering 281%
year-over-year, respectively.
，
