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Forecast of global photovoltaic market prospects in 2019

Forecast of global photovoltaic market prospects in 2019

  • Oct 18, 2019

The global PV market is optimistic and will remain at a high level. At present, tackling climate change has become the voice and consensus of the world. At present, 146 countries around the world have set renewable energy targets, and some well-known multinational companies have achieved or set 100% renewable energy use targets.


In addition, major markets such as China, Japan, India, and the United States will remain stable and will change slightly; the European market will be a new sprout in the future, and the EU market is expected to grow significantly faster than in the past in 2019. It can reach more than 11GW; emerging markets are also rising rapidly. Due to the continuous increase in electricity prices and the lack of power supply, Australia's large-scale terrestrial photovoltaics will overtake household PV in 2018. It is expected to remain above 4GW in 2019, including Mexico. Turkey is growing rapidly.

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At the same time, due to the shortage of supply in the past few years, some enterprises have increased production, and some of the backward production capacity has not been effectively withdrawn. The two factors are superimposed. In the case of slowing market growth, the industry will face a key turning point. After this transition and industry integration, the photovoltaic industry is expected to gradually achieve high quality development.

Fastensol is one of China's leading suppliers of solar mounting systems has won the trust and good trade reputation of many foreign customers with its high quality products, excellent R&D design capability and high standard pre-sales and after-sales service.

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