But rolling into the next decade, China will no longer be the unchallenged driver of solar growth. Instead, analysts forecast its market share will drop to 19 percent in 2023 from 55 percent in 2017, and emerging markets in the Middle East, Africa and Latin America will pick up some of that slack.

Looking into 2019, BNEF mentions that the PV market in China remains “in disarray.” It forecasts that investment next year will not match the heights it reached in 2018, let alone 2017. But McCrone said investment will still be “respectable,” reaching close to $300 billion for the sixth year in a row.

Source: greentechmedia