The increase is foreseen along with a 4% revenue growth in the market to $6.9bn, though prices are calculated to have fallen by 26% to $0.12 per watt so far in 2015 – a trend exacerbated by keener competition in China, the US and other key markets.
"The shift to utility-scale installations is changing the product mix and causing prices to fall," says IHS solar supply chain senior analyst Cormac Gilligan.
