Affected by the overseas epidemic in 2021, the demand for installed capacity has not been fully released under the condition of high prices in the photovoltaic industry chain. Under the background of the vigorous development of renewable energy, with the release of silicon expansion capacity and the decline of prices in all links of the industry chain, it is expected that the installed capacity of photovoltaic will increase by about 30% year-on-year in 2022, reaching 200-220gw.

Demand forecast of global PV new installed capacity in 2022 (unit: GW)

Among them, the top five countries in installed capacity demand are China, the United States, India, Brazil and Australia, accounting for about 60% of global demand.

Trend of global PV installed demand in 2022

In 2022, the demand for global installed capacity will be differentiated in many places, and there will be 28 GW markets, of which 7 GW markets will be added, and 28 GW installed capacity accounts for 92.3% of the global installed capacity.

Forecast of new installed capacity of GW photovoltaic market in 2022 (unit: MW)

In terms of subregions, the demand in the Asia Pacific region is growing steadily, and China, India, Vietnam and Australia are the main incremental markets.