China's new photovoltaic installed capacity will account for half of the world's in 2023
From a certain perspective, 2023 is a turning year for the photovoltaic market structure. This year, the market size of domestic photovoltaic applications is likely to surpass that of overseas markets for the first time in history!
In 2021, my country's installed photovoltaic capacity will be 55GW, accounting for 31% of the world's 175GW that year; in 2022, my country's installed capacity will be 87GW, accounting for 36% of the world's 240GW. In the past year of 2023, my country's newly installed photovoltaic capacity will reach 200GW, which is very likely to account for more than 50% of the world!
If this trend continues or even improves in the next few years, its impact will undoubtedly be huge and far-reaching. For more than 20 years, China's photovoltaic product market has always been "outside", but now it is "outside". China's photovoltaic industry may enter a development model of "domestic major cycle, international and domestic dual cycle".
Major changes in the market structure will undoubtedly have a profound impact on the strategy and business layout, products, and market strategies of my country's photovoltaic companies. In addition, the high-quality development model of the photovoltaic industry may also have leading and demonstration significance for some other emerging industries.
In 2023, the number one overseas market for photovoltaic applications will still be Europe, with 56GW; second is the United States, with 33GW; third is India, with 14GW; fourth is Brazil, with 11GW; fifth maybe Saudi Arabia, with 6GW; sixth It is South Africa, with more than 4GW; seventh is Australia, with 3.4GW; eighth may be the United Arab Emirates, also with 3.4GW.
