Since the beginning of the 21st century, countries around the world have attached great importance to the development of the solar photovoltaic industry, and the photovoltaic industry has entered a stage of rapid growth. In 2013, the growth rate of the global photovoltaic industry market slowed down, but it generally showed a continuous and rapid upward development trend.
In the second half of 2013, the fundamentals of the industry improved, and driven by technological progress, the cost of photovoltaic power generation continued to decline, the traditional European photovoltaic market recovered, and emerging photovoltaic markets such as Southeast Asia, Australia, Central America, South America and the Middle East rapidly The rise of the global solar photovoltaic industry is accelerating, and the photovoltaic market continues to expand.
In 2018 and 2019, although the photovoltaic industry was adversely affected by the US 201 investigation and China's "5.31 policy", the global installed capacity still maintained a relatively high new scale. According to data from the China Photovoltaic Industry Association, in 2021, the newly installed capacity of the global photovoltaic market will be 170GW, and the compound growth rate of newly installed capacity between 2007 and 2021 will reach 33.87%. 926GW.