It’s Only Common Sense Mastering the Follow-Up—The Key to Closing More Deals
Driving Innovation: Registration in PCB Production Throughout the Process
Dan's Biz Bookshelf: 'Getting Naked: A Business Fable'
IHS Raises Global 2015 Solar PV Forecast to 59 GW
October 13, 2015 | IHSEstimated reading time: 1 minute
Global solar photovoltaic (PV) demand will reach 59 gigawatts (GW) in 2015, an increase over the previous solar-PV demand forecast released in June 2015, according to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight. The company now expects global solar installations to grow by 33 percent this year, which is the fastest growth rate since 2011.
IHS also raised its 2016 forecast by more than 2 GW to 65 GW, for two main reasons: first, an acceleration of projects in the United States, ahead of the solar investment tax credit (ITC) expiration; and, second, faster growth in China, led by a likely increase in long-term government targets. While growth will drop to a moderate 12 percent in 2016, solar PV installations will still surpass 65 GW that year, with total installed global capacity exceeding 300 GW, according to the latest information in the Downstream PV Intelligence Service from IHS Technology.
“IHS Technology already had one of the most bullish forecasts in the industry,” said Ash Sharma, senior research director for IHS. “But due to accelerated and expanded deployment in the United States, as well as in China, India and other countries in Asia, our forecast has increased further.”
The Downstream PV Intelligence Service from IHS Technology offers a detailed analysis of the downstream solar market. This ongoing research covers solar system installation, PV market potential, and relevant government policies in an effort to provide insight into market into this rapidly developing industry.
About IHS
IHS is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 150 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs about 8,800 people in 32 countries around the world.
Share on:
Suggested Items
DuPont Reports First Quarter 2025 Results
05/02/2025 | PRNewswireDuPont announced its financial results for the first quarter ended March 31, 2025.
KLA Reports Fiscal 2025 Q3 Results
05/02/2025 | PRNewswireKLA Corporation announced financial and operating results for its third quarter of fiscal year 2025, which ended on March 31, 2025, and reported GAAP net income of $1.09 billion and GAAP net income per diluted share of $8.16 on revenues of $3.06 billion.
Meet Thiago Guimaraes, IPC's New Director of Industry Intelligence
05/05/2025 | Chris Mitchell, IPC VP, Global Government RelationsThe fast pace of innovation in the electronics manufacturing industry means business owners must continuously adapt their processes and capabilities to meet changing customer demands and market trends. To that end, IPC has hired Thiago Guimaraes as the new director of Industry Intelligence. In this interview, Thiago shares key goals and objectives that could revolutionize the industry as he helps stakeholders navigate industry trends and challenges.
Alternative Manufacturing Inc. (AMI) Appoints Gregory Picard New Business Development Manager
05/01/2025 | Alternative Manufacturing, Inc.Alternative Manufacturing Inc. (AMI) is pleased to announce the appointment of Mr. Gregory Picard as our new Business Development Manager. Picard brings a wealth of experience in Sales and Business Development, having worked with some of the most prominent names in the industry.
Ensuring a Strong and Reliable Supply Chain
04/30/2025 | Marcy LaRont, PCB007 MagazineKelly Davidson, vice president of NCAB Group USA, discusses the company's stable performance in 2024 and positive outlook for 2025. She highlights NCAB's strategy of organic growth and strategic acquisitions amidst tariff concerns and global political uncertainty. Kelly emphasizes the importance of supply chain diversification, strong supplier relationships, and customer education, and notes NCAB's focus on defense production and maintaining a reliable supply chain.