Installations are forecast to climb 33% by the end of 2015 to reach 58.7GW, with demand "remain[ing] strong but slowing" to 12% in 2016, as production heads toward 65.5GW.

Strong PV demand and supply restrictions to the US market created by anti-dumping trade disputes will prevent prices from falling in the first half of 2016, says IHS principal analyst Edurne Zoco.

The majority of tier-one module and wafer suppliers are expected to see limited product availability until the second quarter, partly due to the large appetite for installations in China and the US, he adds.

"Given