“Global PV demand growth will slow and reach 65.5GW in 2016, while the growth is expected to reach 58.7 GW in 2015,” predicted by market research firm HIS.

China and America continued strong demand increased 33% in 2015 compared with 2014, while the growth rate would slow to 12% in 2016.

Looking ahead to 2017, IHS predicts that ITC’ cut in the end of next year in America is likely to affect global PV growth, meanwhile, the quantity of solar PV panels that expected to be installed will suffer a decline of 7.8 GW caused by the utility scale project development in 2017.