The Analysis and Forecast of Global Solar Photovoltaic Market

With the global attention to energy and environmental protection increasingly, to push renewable field, especially for the development of solar PV industry has been Countries’ consistent sense. “The Paris Agreement” had been signed in 2015, for solar PV industry, most of enterprises accelerated big investment, to push industrial technology gradually improvement, product cost is decreasing, PV industry enter into virtuous cycle. As the main cost component of solar PV system, the cost of solar panel has been decreasing in recent years, according to current developing trend, the Grid Parity would be realized in most of Countries before 2020, Solar PV generation is not just a kind of supplementary energy, it would become one of global main energy supplies.

1. Forecast of Global Solar PV Market.
The global newly increase solar installation Volume would exceed 80GW in 2017, estimate as its average increase rate, the global newly increase solar PV installation volume would reach 110GW by 2021, the accumulative solar installation volume would reach around 800GW by 2021.
(The forecast of global newly increase solar installation volume from 2017 to 2021)

(The global accumulative solar installation volume from 2017 to 2021)

2. The Development Current Situation and Trend of Global Solar PV Generation Structure.
In most of Countries, distributed-grid solar PV generation has become the main mode of PV generation. In recent years, China’s distributed-grid solar PV generation also started to get rapid development. The ratio of distributed-grid solar PV generation is gradually increasing. It is as below that the forecast of global newly increase solar installation volume for different types of solar PV systems from 2015 to 2021:

3. The General Situation of Distributed-Grid Solar PV Industry in Global Main Market.
In the main global market, the development of distributed-grid solar PV system is earlier, it has been applied for Europe, Australia and United States, etc, which is the main mode of solar PV generation, it would continue to develop in future.

1) United States.
From 2015 to 2017, the newly increase solar installation volume of US distributed-Grid PV market is respective 3.3GW, 5.5GW, 5.6GW, it is forecast that the newly increase solar installation volume of distributed-Grid Solar PV market would reach 6.2GW by 2020.

2) Europe.
From 2015 to 2017, the newly increase solar installation volume of European distributed-grid solar PV market is respective 4.7GW, 6.5GW and 7.1GW, it is forecast that the newly increase solar installation volume of distributed-grid solar market would reach 10.4GW by 2020, detail is as below:

3). Australia.
From 2015 to 2017, the newly increase solar installation volume of Australian distributed-grid solar PV market is respective 0.7GW, 0.7GW, 1.0GW, it is anticipated that the newly increase solar installation volume would reach 0.9GW by 2020, the general situation is keeping stabilization, and detail is as below:

4). Latin America.
From 2015 to 2017, the newly increase solar installation volume of Latin American distributed-grid PV market is respective 0.3GW, 0.5GW, 1.0GW, it is estimated that the newly increase solar installation volume would reach 2.5GW by 2020, as below:

5). India.
The newly increase solar installation volume of Indian distributed-grid PV market is respective 0.5GW, 2.5GW and 3.7GW from 2015 to 2017, it is forecast that the newly solar installation volume of distributed-grid solar PV market would reach 6.8GW by 2020, diagram is as below:

From above, we can learn that the distributed-grid solar PV system has become the main method for solar power generation, and its development is keeping increase in the world. Solar PV power generation would become one of main power generation, it is competing with traditional energy and appearing its many advantages. In future, solar PV generation would dominate the market of power generation.

Bingsolar Power, 20th, June, 2018