Home solar IHS Markit remains bullish on 2020 142 gw pv demand around the world

Editor's note: according to the IHS Markit speculation, 2020 a year will be the glory of photovoltaic development, photovoltaic power quantity will maintain double-digit growth, to the end of 2020, photovoltaic capacity will reach 142 gigawatts (gw).

the market research firm IHS Markit, expects 2020 global solar energy installations will continue to maintain double-digit growth rates. New installed capacity will reach 142 gigawatts (gw), up 14% from 2019.

IHS Markit, clean technology and renewable energy director Edurne Zoco said: & other; In 2020, global demand will again double-digit growth. This suggests that in the past decade, solar pv projects had continued, index level of growth. Ten years before the 21st century is the ten years of technology innovation, pv costs have fallen sharply, Industry) To obtain a large amount of subsidies, part of the market to occupy the dominant position. 2020 will be no subsidies for solar power in emerging markets, diversified development and global solar projects demand expansion of 10 years, the new admission enterprises, and constantly improve the competitiveness of the player and the traditional energy will be. ”

even worried about China's market leadership will decline, but IHS Markit, expects to at the end of 2020, more than 43 countries of installed capacity will be more than 1 gw, and in ten years ago, in 2010, only seven countries reach that level.

still maintains its position as the world leader in China market, solar net, sustained growth is expected to appear in China. It is said that the market growth rate (2019 Not including China) As high as 53%. IHS Markit, expects to 2020, the solar energy, growth will remain at double-digit levels.

with the improvement of global usage, the top 10 solar market share of the market is expected to fall from 94% in 2010 to about 73% of the total.

” As the full range of solar project leader, China will continue to maintain the leading position. However, in this decade, there will be a new market in southeast Asia, Latin America and the Middle East. ”

” For the solar industry development, however, as technology innovation, policy and new business model of the test bench, solar energy, large market still is very important. ”

IHS Markit, according to data from the solar equipment, to 2020, the installed capacity is expected to grow by about 20% in the United States, continue to maintain China's second largest market after position.

in 2019, China solar power network, the European installed capacity nearly doubled, booming market. IHS Markit forecast, according to the European market will maintain strong growth in 2020, the installed capacity will break through 24 gigawatts (gw), up 5% from 2019.

is expected to Spain, Germany, the Netherlands, France, Italy and Ukraine will become important European market, they will make up 63% of the total installed in the European Union in 2020.

although compared with the same installed capacity of 2019 remain unchanged, but India is still a powerhouse. IHSMarkit predicts that India's market demand will be more than 14 gw in 2020.

the original title: IHS Markit remains bullish on 2020 142 gw pv demand around the world