Set micro-grid news, the Chinese PV market continued explosive growth in 2017, pushing the global PV market size for the first time exceeded 100GW mark.GEM consulting New Energy Research Center (EnergyTrend) estimated that demand will be further increased in 2018 Looking at 106 GW, the share of demand in each of the regional markets will change.
According to the latest EnergyTrend gold report, China's PV grid-connected volume was 52.83GW in 2017, ranking the highest in the world, followed by the United States at 12GW, while Japan's grid-connected capacity in 2017 is only expected to be only 6.09GW, making India at 9.26GW Grid-connected to replace Japan as the world's third largest in the lead in China, the entire Asia-Pacific region in 2017 the global PV market share will reach 72%, the highest in history.
EnergyTrend analyst Cao Junru said that 2016 is the year with the largest growth rate of the global PV market with an annual increase rate of 42.5%. In 2017, it is the first time for the global market to reach 100GW mark with an annual growth rate of 26% . The continuous surge in demand in China is the main reason for the substantial growth of global market demand in the past two years.
In 2018, there will be two waves of wave rush in China, and Europe will enter a recovery phase
The continuous over-growth in the PRC market is mainly driven by the combination of policy inputs and continuous expansion of production capacity. In particular, distributed PV systems, which are currently not subject to targets, have an estimated grid-connected capacity of 19 GW in 2017, which is 4.23 in 2016 GW more than four times from the Chinese government recently announced measures, the large-scale ground station will be subject to more stringent control, so the distributed photovoltaic and photovoltaic poverty alleviation station will have more room for growth.
In addition, China formally lowered PVT in 2018 and will strictly implement the subsidy for the current year starting from 2019, representing that this year there will be a year of 2017 target grabbing tide, and the 2018 annual target of 1230 and the leader of 2017 5GW application Indicators of the two wave grab tide of these indicators total 33.1GW. Add other distributed PV, Poverty alleviation and other types of PV systems added grid-connected volume, EnergyTrend preliminary estimates in 2018 China's demand will decline slightly to 46.7GW.
Cao Junru pointed out that the Chinese market will enter a period of adjustment between 2018 and 2020, but the European market will enter a recovery phase and become one of the major driving forces for the global market to maintain a level above 100GW. The three countries such as France, the Netherlands and Spain since 2018 In the third quarter, large-scale on-site power plants will start to be completed and connected to the grid in succession. The European MIP will end on September 30, 2018, after which Europe will become a highly competitive market.
Looking to 2018, EnergyTrend estimates that global demand will be 105.88GW, while China will remain the largest market but European market will increase. Meanwhile, there will be quarterly notes from different markets every quarter of 2018, so that quarterly demand will reach at least 15GW, the fourth quarter will be due to China's surge tide surge.