Global solar photovoltaic (PV) demand is forecast to hit another annual record of 113 gigawatts in 2018, propelled by strong demand anticipated in China. According to business information provider IHS Markit, burgeoning demand from the Chinese market is expected to persevere on the back of continuing policy support, a successful transition from a market that had been dominated by large ground-mount projects and strong momentum in the distributed-PV (DPV) sector. In particular, the fourth quarter of 2018 — with 34 gigawatts of new PV installations — will be the largest quarter in history.
Business information provider IHS Markit announced on December 14 that global photovoltaic (PV) demand is forecast to reach 108 gigawatts (GW) in 2018, largely driven by an improvement in the outlook in China, according to the latest edition of its PV Demand Market Tracker. IHS Markit expects strong demand from the Chinese market to continue on the back of strong policy support, a successful transition to a more diverse market and strong momentum in the distributed-PV (DPV) sector.