The growth rate of global photovoltaic in 2020
In 2020, the global photovoltaic application market has achieved growth against the trend under the pressure of the epidemic. The installed capacity of the whole year has increased about 130GW, with a year-on-year growth of 13.0% and a growth rate of 4.5 percentage points higher than that of 2019. Besides, China and the United States have increased significantly, ranking first and second in the new installed capacity of the world respectively as well as Vietnam ranks third.

The global industry’s center is further transferred to China
The scale of the manufacturing end continues to expand. Although the global production capacity of polysilicon has decreased since the withdrawal of OCI of South Korea and Hanwha, the output has achieved year-on-year growth. With the advantages of crystalline silicon technology and cost control, Chinese photovoltaic enterprises continue to increase their production capacity, and the global proportion of manufacturing capacity output has achieved varying degrees of growth. The global photovoltaic industry’s center of gravity is further transferred to China. In terms of product prices, we have experienced V-shaped ups and downs. In the photovoltaic industry, the tension between supply and demand of some raw materials, such as silicon glass and EVA film, has also been unprecedented. On the whole, the development direction of cost reduction and efficiency did not change.

The growth rate of China photovoltaic in 2020
In 2020, China’s photovoltaic application market will achieve recovery growth, and the newly added and accumulated installed capacity of photovoltaic will continue to maintain the first in the world. The newly installed scale of domestic photovoltaic will reach 48.2GW, the second highest in history, with a year-on-year growth of 60%, especially the centralized power station, which has a year-on-year growth of nearly 83%. As we can see, export of photovoltaic products increased steadily, for instance, silicon wafers and cells export volume decreased slightly compared with the same period last year.

The future development of photovoltaic
Looking ahead to 2021, with the decrease of the impact of epidemic and the green recovery in the global economy, the global photovoltaic application market can still grow in the context of carbon neutral. At the production side, head enterprises and the emerging entrants bring industrial continuous integration. Furthermore, since the second half of 2020, has experienced the rising prices of raw materials, enterprises pay more attention to the supply chain management, which means the control ability of the supply chain will directly decide the output and revenue of the enterprise, even become the key to winning the enterprise competition. In terms of application, with the gradual deepening of the application of photovoltaic power generation in various fields, the crossover integration trend of photovoltaic power generation in application scenarios combined with different industries will become more prominent, and photovoltaic will contribute to low carbon development in many fields.

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