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2021 global photovoltaic enters the post epidemic situation era

2021 global photovoltaic enters the post epidemic situation era

  • 2020/11/12
The outbreak of the novel coronavirus pneumonia earlier this year by global spread, and the sharp increase in infection forced the countries to impose strict border control and curfew measures, which resulted in some projects being deferred. Fortunately, the impact of the epidemic on the global photovoltaic industry is gradually alleviating. In the second half of the year, the global market is facing the peak season, and the global demand for modules is expected to reach 126.2gw this year.

In 2021, the world will enter a post epidemic era. The global photovoltaic industry, which has got rid of the haze of the epidemic, will move to a new growth path. InfoLink believes that the global photovoltaic market next year is worth looking forward to. It is estimated that the global demand for modules will reach 143.7gw next year, with a growth potential of about 15% compared with this year's demand. Part of the demand momentum will come from projects that are deferred from this year to next year's grid connection. In addition, the growth momentum of the mainstream market itself is a major factor. China, which will enter the 14th five year plan and will move towards parity and green power trading, is expected to achieve nearly 20% growth. Europe based on the Paris Agreement is expected to continue this year's strong demand, and renewable energy will be customized by ITC and the States The United States, which requires power generation, is expected to achieve a high growth rate of more than 30%. Although India is deeply mired in the epidemic situation this year, it is expected to hit the bottom and rebound next year. It is expected that it will grow by more than 60% and actively move towards the ambitious goal of 100gw. In addition, emerging markets are also a bright spot for next year. The demand in Asia Pacific region is robust. Latin America with low cost of electricity and the Middle East, which are actively building super large power stations, will grow by 30-60% next year. Emerging markets will also play a key role in boosting global photovoltaic demand in 2021.
AnHui TopSolarPower Tech. Co., Ltd.

AnHui TopSolarPower Tech. Co., Ltd (“TopSolarPower”) is the brand withover 1GW installed worldwide as of December 2019.Founded in 2004 by Bernie Zhou, TopSolarPower is offering PV system residential applications, floating PV plant.As a innovation in the solar industry, TopSolarPower possesses a dynamic team which consists of over 100 employees. Offering a wide range of solutions and services,TopSolarPower is committed to providing clean power for all and is steadfast in its efforts to becoming the global member of clean power conversion technology.

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