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From greentechmedia

GTM Research analysts reveal findings that will help you navigate the global solar market in a down year.

In 2017, the global solar market will experience a contraction — something that hasn’t happened in 16 years or more. According to GTM Research, global PV installations will shrink by 7 percent in 2017.

hanergy flexible Hojel2 _headerBut don’t fear, Chicken Little, this is just a blip on the radar. Driven by falling system prices, new procurement methods like tendering and auctions, and emerging markets such as India and countries in Latin America, GTM Research forecasts a cumulative average growth rate of 8 percent over the next five years, resulting in a 109-gigawatt market by 2021.

Each quarter, GTM Research analysts put together a quarterly briefing that summarizes the most important findings from their research. We’ve highlighted their introduction below, but you can also download the executive summary from the briefing here.

Read the complete article here.

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