The global PV industry grows rapidly

2016 Years global Soalr mounting brackets capacity growth in a milestone. German solar energy society's latest statistics,2016 year global Soalr brackets 70G Wthan 2015 annual growth of approximately 30%, bringing the total worldwide Soalr brackets capacity reached 300GW. 2016 years of new installed capacity in China contributed 34.54GW, and 2015 years compared to the new installed capacity, rose 128%, a total installed capacity of 77.42GW, new and cumulative installed capacity for the world. Among them, the ground station30.3GW, distributed power plants 4.24GW, distributed power plants rose 200%.

(Different countries nearly 7 years of Soalr mounting brackets capacity is shown in Figure)

Looking to the future, Paris climate agreement has entered into force,2017 annual global total demand is expected to continue to increase. According to a Bloomberg new energy finance (BNEF) predicted that2017 years India, Latin America and South-East Asia could give new impetus to global demand, aggregate demand will increase to 7.86million megawatts over 2016 years 7.5 million megawatts of estimated demand. 2017 year solar attracted far more investment than coal, natural gas and nuclear power combined, and more with a total investment of 1416 billion. 2050 years solar will have the potential to become the world's main source of energy.

Vendors still face cost challenges

Due to the solar bracket installed capacity growth, trade, environment, and the impact of energy policy,2016 annual PV capacity increased rapidly, is expected in the future in the United States, the European Union and more important markets, such as China slowing PV growth in demand for components appears. Therefore, PV manufacturers will face a challenge in the future, device manufacturer's profit margins may be squeezed, the industry may have to give priority in the use of raw materials and other cost reduction initiatives in the areas.
Declining trend in solar panel prices, following the 2016 year 35% zhihou,2017 year decreased by 8%, under the influence of the oversupply situation deteriorated, falling prices will accelerate in the second half. Solar quote Agency PV insights said poly solar panel this year average price per watt 0.35 dollars. Trend forcing equipment suppliers to keep profits and cut costs. It can be expected that competition will be more intense in the second half of this year.

(Solar modules, components, and the spot price trend charts ( unit: USD / Watt))