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Expectations for the photovoltaic market in 2020

Expectations for the photovoltaic market in 2020

  • 2019-12-30

Expectations for the photovoltaic market in 2020


The global pv market in 2019 has experienced many changes, with China's late policy release leading to

project launch delays and lower than expected installed capacity. Meanwhile, the emerging pv market in

southeast Asia has entered a period of rapid growth,and European photovoltaic entered the era of parity.

Asia's photovoltaic market remains vast. Although China's installed photovoltaic capacity in 2019 was less

than expected, Japan, India and other countries maintained a good growth rate. Southeast Asia, in particular,

has a good geographical location, the photovoltaic market is in its infancy, huge potential.

Europe's solar industry is expected to see a year of rapid growth in the photovoltaic market as member

states strive to meet binding national renewable energy targets for 2020.

According to the historical data and the current situation of the market structure, it is estimated that the

new installed capacity of global pv will reach 130GW in 2020, and by 2025, it is estimated that the annual

new installed capacity of global pv will reach 200-230Gw. In the long run, countries along the "One Belt And

One Road" route, South America, the Middle East and other countries are expected to become new growth

points of global photovoltaic in the next stage.



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