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http://www.pv-tech.org/news/big_pict...years_says_ihs

By Mark Osborne - 19 March 2015, 08:20
In News, PV Modules, Market Watch

Big picture: 318GW of solar modules to be installed in next 5 years says IHS

According to market research firm IHS global cumulative solar PV installations will reach almost 500GW (498GW) in 2019, up from around 180GW in 2014, a 177% increase.

The big picture forecast suggests around 318GW of solar modules are to be installed in next 5 years, up from around 180GW at the end of 2014, generating average annual installations of nearly 64GW.

Calculating the linear growth rate from the IHS projection, annual global PV installations would need to average around 48% over the next five years, taking estimated PV installations of 45GW for 2014.

Based on findings of the latest IHS Marketbuzz report, global solar demand is expected to reach 75GW in 2019 , 66% higher than in 2014.

"In the five years between 2015 and 2019, IHS expects that 11 global markets will exceed the average annual demand level of 1 gigawatt,” said Susanne von Aichberger, solar industry analyst for IHS Technology. “This large number of country markets reduces the risk of another explosion in the global PV market and of an overly strong capacity build-up. An increasing number of markets are entering the post-feed-in-tariff phase and embracing the integration of PV into the electricity market, which will help the market to avoid boom-and-bust situations.” (............)