Global PV market to hit 75GW in 2019 - IHS

Around 50GW of PV capacity was added globally in 2014, a record performance driven by booming markets in China, Japan and the US.

Importantly, the global market will continue to broaden over the next half decade, with 11 countries likely to be adding more than 1GW of PV capacity each year by 2019, according to the market researcher.

That geographic diversity of demand “reduces the risk of another [collapse] in the global PV market and of an overly strong [production] capacity build-up”, says Susanne von Aichberger, solar analyst for IHS Technology.

“An