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The PV Market Alliance (PVMA) said in its latest "Global PV Market Report" that the global PV market is not expected to be significantly affected
, despite the government's recent sudden policy changes leading to a decline in China's installed capacity this year.
In 2020, the new capacity of the global PV market will reach 200 GW
In fact, PVMA predicts that installed capacity outside of China will grow from 45 GW in 2017 to more than 60 GW this year, and China will see the market stagnate at most, or experience a possible decline
.
This will be in line with Taiwan's TrendForce expectations for negative growth in the global PV market this year, with global PV demand shrinking by 5%-8% to 92-95 GW, with Chinese installations falling 40% to 31.
6 GW
.
In contrast, IHS Markit and SolarPower Europe recently revised their forecasts and expect to add more than 100 GW
this year.
Many emerging markets in India, Europe and all continents will see strong growth
in 2018, PVMA said.
By 2019, the world PV market excluding China will record 100 GW of new installed capacity
.
This number is expected to continue to grow
.
In its recently released global solar market outlook for 2018-2022, SolarPower Europe said that 14 countries are installing more than 1 GW of new PV capacity this year, while only 7 countries achieved more than
1 GW of new capacity in 2017.
Overall, PVMA expects the global PV market to double over the next five years, reaching 180 to 200 GW
by 2022.
Although there are obvious uncertainties, the current transition period in China will not have a significant impact on the market after 2020, and the PV market will continue to maintain strong growth
.
PVMA also expects the PV market to continue to diversify the industry, with new market segments contributing greatly
.
Overall, these new applications such as floating PV, agricultural PV, PV building integration and automotive PV will account for 25% of the overall market share
by 2022.
，
The PV Market Alliance (PVMA) said in its latest "Global PV Market Report" that the global PV market is not expected to be significantly affected
, despite the government's recent sudden policy changes leading to a decline in China's installed capacity this year.
In 2020, the new capacity of the global PV market will reach 200 GW
In 2020, the new capacity of the global PV market will reach 200 GWIn fact, PVMA predicts that installed capacity outside of China will grow from 45 GW in 2017 to more than 60 GW this year, and China will see the market stagnate at most, or experience a possible decline
.
This will be in line with Taiwan's TrendForce expectations for negative growth in the global PV market this year, with global PV demand shrinking by 5%-8% to 92-95 GW, with Chinese installations falling 40% to 31.
6 GW
.
In contrast, IHS Markit and SolarPower Europe recently revised their forecasts and expect to add more than 100 GW
this year.
Many emerging markets in India, Europe and all continents will see strong growth
in 2018, PVMA said.
By 2019, the world PV market excluding China will record 100 GW of new installed capacity
.
This number is expected to continue to grow
.
In its recently released global solar market outlook for 2018-2022, SolarPower Europe said that 14 countries are installing more than 1 GW of new PV capacity this year, while only 7 countries achieved more than
1 GW of new capacity in 2017.
Overall, PVMA expects the global PV market to double over the next five years, reaching 180 to 200 GW
by 2022.
Although there are obvious uncertainties, the current transition period in China will not have a significant impact on the market after 2020, and the PV market will continue to maintain strong growth
.
PVMA also expects the PV market to continue to diversify the industry, with new market segments contributing greatly
.
Overall, these new applications such as floating PV, agricultural PV, PV building integration and automotive PV will account for 25% of the overall market share
by 2022.
，
