SMA: Global PV installations of 98 GW in 2017, 127 GW in 2020

SMA’s market outlook of global new PV installations 2017 - 2020
SMA predicts 98 GW of new global PV installations in 2017; its outlook for 2018 to 2020 is rather conservative – Slide: SMA

Major solar inverter manufacturer SMA anticipates 98 gigawatts (GW) of newly installed PV power worldwide in 2017, the company said at the presentation of its third quarter results on November 9.

SMA’s market outlook for 2017 is in line with the forecast of Bernreuter Research, which predicts a range of 95 to 97 GW, with a potential of even 100 GW.

The 98 GW forecast of SMA consists of 50 GW in China, 21 GW in Asia-Pacific (without China), 16 GW in the Americas and 12 GW in Europe, Middle East and Africa (EMEA) – obviously, there is a rounding error of 1 GW in this split.

For new global PV installations between 2018 and 2020, SMA assumes a compound annual growth rate of 9%, leading to 127 GW in 2020. According to this scenario, China would fall back behind its 2017 installation record in subsequent years and top it as late as 2020.

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