Global Solar Demand Monitor: Q3 2017

by Benjamin Attia, Manan Parikh, Tom Heggarty

The global solar market is set to exceed 90 gigawatts for the first time, growing 15.2 percent year-on-year before leveling off towards sustained growth of 5.6 percent in 2018. A resurgence of European demand and the long-awaited takeoff of Latin American markets will drive growth next year as China peaks this year and uncertainty around protectionist measures in the United States, India, and Turkey stall demand. This quarter, we also dive into the global tender landscape, explain the record bid in Saudi Arabia, and discuss some competitiveness metrics in Sub-Saharan Africa and island power markets.

Global PV Demand by Region, 2015-2022E

The Global Solar Demand Monitor is a quarterly report that provides insight into major developments for the global solar landscape, offering an assessment of the trajectory and key trends in the global market and providing scenario-based demand forecasts, insights on project pipelines, financing conditions, and supply-chain dynamics at the regional and country level. The analysis spans across market segments - residential, commercial, industrial and utility-scale - and includes deep-dive analyses on each regional market.

This report is part of GTM Research’s Global Downstream Solar Service, an annual subscription that analyzes the demand drivers, policies and risks that shape global solar markets. It enables companies to be successful in navigating the global market today, and anticipate trends in the future.


For Premium License buyers and subscribers, each quarter's Monitor includes a spreadsheet-based dataset with segmented demand forecasts at the global and regional levels, historical data, and deeper information on 26 major markets.

 

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Benjamin Attia Analyst, Solar

Benjamin Attia is an Analyst with GTM Research’s Global Demand team, providing data analysis and forecasts, market research, and bespoke strategy consulting and advisory to key stakeholders in on-grid and off-grid solar markets in emerging economies in Southeast Asia, India, and Sub-Saharan Africa. He holds a Master of Energy & Environmental Policy and a B.S. in Economics and Energy & Environmental Policy from the University of Delaware.

Manan Parikh Analyst, Solar

Manan Parikh is a Solar Analyst for GTM Research covering global downstream markets. Prior to GTM, his work has been extensively research based, centering upon alternative fuels infrastructure development and Low Carbon Fuels Standard (LCFS) policy models for the Schatz Energy Research Center and UC Berkeley in Northern California. In California, he was also an ambassador to start-up teams within the Clean Tech Open accelerator as well as a consultant to DOE SunShot Catalyst Award winner, PVComplete. In Washington, DC he worked on biomass policy at the American Council On Renewable Energy. He is an alumnus of The University of Texas at Austin, where he graduated with a B.S. in Biochemistry, as well as the DC-based Clean Energy Leadership Institute in its inaugural class.

Tom Heggarty Senior Analyst, Solar

Tom is a Senior Analyst for GTM Research covering global downstream PV markets. Prior to joining GTM in 2017, he worked for Wood Mackenzie for over 5 years; initially as an analyst producing research on electricity markets in Europe, the Middle East and Africa; and later as a Research Manager for Wood Mackenzie’s Energy Markets research product. In 2011, Tom graduated from the University of Edinburgh with a Master’s degree in Mathematics. He also spent a year studying at the Humboldt University in Berlin.

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