Solar PV market to grow 7.7%: report

GROWTH TRACK: The global industry is expected to become healthier and more stable in the long run after consolidation last year, researcher TrendForce said

Taipei Times
Date: Jan 17, 2019
By: Lisa Wang  /  Staff reporter

The global solar photovoltaic (PV) market is likely to grow 7.7 percent to a record high again this year, supported by new government incentives and lower solar prices, market researcher TrendForce Corp (集邦科技) said yesterday.

Overall, new grid-connected PV capacity is to climb to 133 gigawatts from 103 gigawatts last year, the Taipei-based researcher said in a report.

The EU would be one of the fastest-growing markets this year, with demand surging more than 50 percent annually, it said.

Emerging countries in Southeast Asia, North Africa, the Middle East and Latin America would also gain steam, rising 50 percent, it said.    [FULL  STORY]

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