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Global market research firm TrendForce held its 2016 IT Industry Forecast Conference at Room 101 of the NTUH International Center in Taipei, Taiwan, on October 15, 2015. A team of senior analysts assembled from TrendForce’s major research divisions – TrendForce, DRAMeXchange, WitsView, LEDinside and EnergyTrend – will share their detailed forecasts on trends in major tech industries for 2016.
Policy directives from the Chinese government continue to drive the country’s demand for photovoltaic (PV) systems. China’s National Energy Agency has recently increased the national PV installation target and expects an additional 5.3GW-worth of generation capacity to be in operation by the middle of next year.
Major regional markets (i.e. China, the U.S. and Japan) and other emerging markets continue to drive the demand growth of this year’s photovoltaic (PV) market. The latest report by EnergyTrend, a division of TrendForce, says that the five largest regional markets for the first half of 2015, as listed in order, are China, Japan, the U.S., the U.K. and Germany.
EnergyTrend, a division of TrendForce, finds that India has become the fastest growing photovoltaic (PV) market and replaced the U.K. as one of the top three exports markets for Chinese modules. Based on EnergyTrend’s latest report, the Chinese PV industry exported 12GW of modules during this half-year period, with over 6GW going to three principal overseas markets – Japan, the U.S. and India.
Orders continued to stream into the photovoltaic (PV) market during the latter half of July, according the latest PV price report by EnergyTrend, a division of TrendForce. Besides China’s domestic demand being spurred by government policy, market demands remain strong across regions, including the United States, Japan and India.
