In recent years, with global warming and increasingly depleted fossil energy, the development and utilization of renewable energy has received increasing attention from the international community, vigorously developing renewable energy, and helping enterprises to transform their energy structure into a zero-carbon era, and achieve carbon peak and carbon neutrality. Harmony has become the consensus of all countries in the world. Among them, solar energy is one of the main ways to achieve carbon neutrality with its clean, safe, inexhaustible and inexhaustible advantages. The demand for photovoltaic equipment has surged, the global installed capacity has continued to rise, and the photovoltaic market has begun to usher in a golden age.
The International Energy Agency predicts that renewable energy will become the world's largest source of electricity around 2030. Nearly 60% of global electricity investment between 2015 and 2040 will flow into the renewable energy sector.
With the improvement of cell conversion efficiency, the market competition of photovoltaic power generation has become prominent. Since the realization of photovoltaic price parity in 2019, the photovoltaic industry has ushered in the spring. The industrial chain from silicon materials to silicon wafers, cells, and modules continues to expand. Increase the installed capacity of renewable power generation by 200GW, of which 115GW is photovoltaic, and the contribution rate of photovoltaic power generation is close to 3.0% of the world's electricity demand, and the EU is close to 5%.
According to the forecast of the Photovoltaic Industry Association, the annual global photovoltaic installed capacity will reach 200GW in 2025, and the compound growth rate will reach more than 10% in the next five years.
The 2008-2011 financial crisis exploded the slow development of global photovoltaic installed capacity. From 2016 to 2019, driven by government subsidies policies, the photovoltaic industry reached a rapid growth period. As of the end of 2019, the global cumulative photovoltaic installed capacity was 627GW.
2019 is the year when the photovoltaic industry has entered a mature period of marketization. The cost of photovoltaic power generation in the photovoltaic industry has fallen after parity, and household photovoltaic has further developed. The photovoltaic industry has ushered in large-scale applications, and the volume has changed by orders of magnitude. Smart grid, multi-energy complementation, power storage, etc. form a more complete system.
In 2019, the lowest threshold for the top 10 countries with new installed capacity globally exceeded 3GW, and China's total installed capacity of photovoltaics ranked first in the world, reaching 204GW. The annual electricity consumption was 72255 billion kWh, of which the photovoltaic power generation reached 224.2 billion kWh, which can meet about 3% of the electricity supply.
Established photovoltaic countries, such as France, the Netherlands and Turkey, have achieved a relatively high degree of completion in the photovoltaic industry and have fallen out of the top ten new installations. Vietnam and Ukraine entered the top ten new installed capacity in 2019. Due to the level of installed capacity in the past, the top ten countries with cumulative installed capacity show more inertia.
Compared with 2018, the technological progress of the photovoltaic industry and the vigorous promotion of national bidding plans have resulted in an increase in the absolute number of distributed photovoltaic markets, and the photovoltaic industry has also begun to diversify. Floating photovoltaic power stations have increased the scale of large-scale power station application forms, and building integration of photovoltaics has begun to be widely used in the construction field as a supplementary application form of building integrated solar energy. The absolute number of large ground power stations has increased. Other emerging markets, such as agricultural photovoltaics, can not yet be foreseen the trend of large-scale applications.