Markets demand to reach over 100 GW in 2018

For the first time in history, the global market demand for Solar PV cells would be over 100 gigawatts this year. Based on numbers from Global Solar Demand Monitor*, 104 gigawatts of PV are estimated to be installed during the year of 2018. This would reflect a 6% annual growth for this year and a mature 5% growth toward 2022. The report predicts China to stay as the world’s biggest PV market, while the US newly imposed 30% tariffs would affect the results in 2019.

Upcoming and Completed Tenders by Region, Date of Release and Capacity, 2009-2019E
GTM Research: Upcoming and Completed Tenders by Region, Date of Release and Capacity, 2009-2019E

* GTM Research, Global Solar Demand Monitor Q4 2017 and Q1 2018

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