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The PV Market Alliance estimates global PV installations at 75 GW in 2016 & 2017 stable market.

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After 50 GW of PV installations in 2015, the global PV market reached 75 GW in 2016, a 50% YoY growth, with now a total capacity installed globally crossing the 300 GW mark.

 

China, leading the PV market since 2013, installed in 2016 an absolute world record of 34 GW, representing an increase of 126% YoY and 45% of total global deployment. Given China’s total installed capacity of 77 GW, PVMA estimates that China will have exceeded the 100 GW mark by the end of 2017, if not even earlier.

 

Japan has installed about 8.6 GW of PV in 2016, down 10.8 GW in 2015. 2017 might show a further decrease but the market is expected to reach 7.5 to 8.5 GW, due to current project pipelines.

 

The US market experienced major growth with installations possibly reaching 13 GW, however PVMA anticipates significant uncertainties for the coming years.

 

Europe installed around 6.5 GW, driven primarily by the UK market, Germany, Turkey and France. A relatively low deployment has pushed Europe’s global PV market share to below 10%.

 

India experienced significant growth with 5 GW installed in 2016, up from 2 GW in 2015 and is expected to add up to 8 to 9 GW in 2017.

 

As anticipated, several emerging markets on all continents started to contribute significantly to the global growth with at least 7 GW installed. Other American and Asian countries contributed significantly while the Middle-East and Africa start to deliver.

 

2017 could become a challenging year with at least 65 GW installed in a pessimistic scenario (a market drop of 13%). Reasonably, a similar level of installations as in 2016 could be reached if established markets maintain a reasonable level of development. A declining or stable market is likely to cause that module prices will continue to remain under pressure with new production capacities coming online, thus increasing further the gap between supply and demand.

 

These numbers are DC numbers and refer to grid connected PV systems, not installations and not shipments of PV components which can deliver slightly different results.

Solar PV | News published on 20 / 01 / 2017 by Rashmi Nargundkar

Comments in this news Add yours

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Market prices are very different and keep changing often. I hope people like us will get information about such things through your blogs. Its great that you are sharing such and its worth sharing.
Posted on 20 / 01 / 2017 | KVR

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This is looking quite impressive to implement such a huge project. I think this will be helpful to solve the issues of energy crisis to a certain extend. Authorities seem to be doing an impressive job by planning such a wonderful project.
Posted on 20 / 01 / 2017 | good

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First of all, i would like to appreciate the authorities for showing the courage to implement such a huge project. Hope this will be implemented soon and will be a solution to energy crisis which we are facing today. Best wishes. Keep updating more details about this project.
Posted on 20 / 01 / 2017 | Company

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Implementing such kind of project was really a huge effort from the authority and hope that this will help to solve the energy issues for some time. Since the energy crisis are increasing day by day, I have seen a good move on this project in the market.
Posted on 20 / 01 / 2017 | abc tech

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The numbers shows that the global PV market has reached the highest records last year. This year would be pretty challenging for most countries and I hope you will share more updates about the market rates of 2017. Please keep us updated.
Posted on 20 / 01 / 2017 | organize

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You have shared some information regarding the market structure and its crisis. The global network and average market value are given for different countries. This can help in the development of the country along with the implementation of the project.
Posted on 20 / 01 / 2017 | Tasha

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