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Status of the global photovoltaic power generation industry market in 2022

In the context of global warming and the depletion of fossil energy, the development and utilization of renewable energy has received increasing attention from the international community, and vigorously developing renewable energy has become the consensus of all countries in the world.
The Paris Agreement came into effect on November 4, 2016, which highlights the determination of countries around the world to develop the renewable energy industry. As one of the green energy sources, solar photovoltaic technology has also received strong support from countries around the world.

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According to data from the International Renewable Energy Agency (IRENA),

the cumulative installed capacity of photovoltaics in the world from 2010 to 2020 maintained a steady upward trend,

reaching 707,494MW in 2020, an increase of 21.8% over 2019. It is expected that the growth trend will continue for a period of time in the future.

Global cumulative installed capacity of photovoltaics from 2011 to 2020 (unit: MW, %)solar 太阳能 (1)

 According to the International Renewable Energy Agency (IRENA) data,

the new installed capacity of photovoltaics in the world from 2011 to 2020 will maintain an upward trend.

The newly installed capacity in 2020 will be 126,735MW, an increase of 29.9% over 2019.

It is expected to continue to maintain for a period of time in the future. growth trend.

2011-2020 Global PV new installed capacity (unit: MW, %)

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Cumulative installed capacity: Asian and Chinese markets lead the world.

According to the International Renewable Energy Agency (IRENA),

the market share of the global cumulative installed capacity of photovoltaics in 2020 mainly comes from Asia,

and the cumulative installed capacity in Asia is 406,283MW, accounting for 57.43%. The cumulative installed capacity in Europe is 161,145 MW,

accounting for 22.78%; the cumulative installed capacity in North America is 82,768 MW, accounting for 11.70%.

Market share of global cumulative installed capacity of photovoltaics in 2020 (unit: %)

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Annual installed capacity: Asia accounts for over 60%.

In 2020, the market share of the new installed capacity of photovoltaics in the world mainly comes from Asia.

The newly installed capacity in Asia is 77,730MW, accounting for 61.33%.

The newly installed capacity in Europe was 20,826MW, accounting for 16.43%;

the newly installed capacity in North America was 16,108MW, accounting for 12.71%.

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Global PV installed capacity market share in 2020 (unit: %)

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From the perspective of countries, the top three countries with newly installed capacity in 2020 are: China, the United States and Vietnam.

The total proportion reached 59.77%, of which China accounted for 38.87% of the global proportion. 

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In general, the global Asian and Chinese markets have the leading position in terms of global photovoltaic power generation capacity.

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Remark: The above data refer to the Prospective Industry Research Institute.


Post time: Apr-12-2022

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