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10 Trends Of World PV Development
- Mar 27, 2018 -

In 2017, the global solar market soared by 26%, surpassing 100 GW of photovoltaic installed capacity for the first time. According to GTM Research, it is expected that 106 GW of new photovoltaic capacity will be installed in 2018.


Combined with the development trend of photovoltaics in 2017, foreign media portrays 10 trends in the 2018 world photovoltaic market, and it will be a splendid experience.


1. Global solar bidding continues to surge


In 2017, a total of 53 countries participated in the bidding or auction of photovoltaic projects, an increase of 21 compared with 32 in the second half of 2016. In 2018, 29 new countries are expected to implement tendering or auction plans.


2. The global market is diversified, but big countries still dominate


China, the United States, India, and Japan will continue to dominate demand in 2018, but its share in the global overall market will drop from 82% in 2017 to 72% in 2018.


The number of countries that install 1GW or more per year will increase from the current 9 to 14. Countries such as Brazil, Egypt, Mexico, the Netherlands and Spain crossed the threshold of 1GW for the first time in 2018.


3. The U.S. market is expanding


The 18 U.S. states will add 1GW or more photovoltaic power generation capacity between 2018 and 2022.



4. Photovoltaics can compete with or even compete with coal and natural gas


According to the “Global Solar Energy Demand Monitoring” report, recent bidding for photovoltaic projects is driving the average PPA to compete with coal and natural gas costs.


5. The bumpy road to component supply


Overcapacity ratio is the ratio between available capacity and demand. If the ECR range of healthy solar modules is defined to be between 30% and 60%, then when the ECR is within this range, the module price can drop at a stable price. When the ECR exceeds this range, the market oversupply and the price will increase. The speed drops quickly.


Looking into 2018, the first half of the year will be in an environment of tight supply and demand and an oversupply in the second half of the year. This means that prices in the first half of the year skyrocketed, and the risk of rapid devaluation in the second half of the year. However, the price appreciation may be limited in the first half of this year as suppliers will eliminate excess inventory in the supply chain.


6. System balance costs will become an important driver of cost reduction


In 2018, the system balance cost will still account for a large share of the cost of large-scale photovoltaic power plant projects. In addition to reducing hardware costs, efficiency improvements, efficient components, and 1500V systems will provide BOS cost savings, helping solar energy compete with power generation in other markets around the world.


7. Micro-inverters will exceed centralized and string inverters


Micro-inverters and DC optimizers currently account for only a small part of the entire inverter market, but with the continuous development of the distributed generation market and a high degree of safety concerns, this market will continue to expand.


8. The price of residential solar systems in the United States remains high


The residential solar system in the United States is priced higher than other major OECD solar markets.


In the United States, the pricing of the states varies widely. "Hardware costs, wages, taxes, licenses, and market fundamentals will change, and the price difference between each state will reach 68 cents per degree."


Thanks for reading and wish you have a nice day.


Xiamen Lynsa Intelligent Technology Co., Ltd.

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