[[TitleIndustry]]

China's PV market is expected to explode in the second half of the year

Date:Oct 29, 2019

In the first half of the year, China's PV industry as a whole maintained healthy development, manufacturing scale and technology level continued to increase, and foreign trade expanded rapidly.

 

On the 25th, the PV industry sponsored by the China PV Industry Association in the first half of 2019 development review and the second half of the situation outlook seminar, the association's vice chairman and secretary-general Wang Bohua said that in the first half of the year, China's new PV installed capacity is less than 12 GW, The decline is over 50%; in the second half of the year, the market is expected to explode and bring tight supply in some parts of the industry chain.

 

As for the global market, he said that in the first half of 2019, the global installed capacity was about 47 GW. In terms of import and export, the total export value of PV products in the first half of the year was US$10.61 billion, a year-on-year increase of 31.7%.

 

Looking forward to the development of the second half of the year, Wang Bohua believes that the annual scale is expected to be roughly 35GW ~ 45GW, less than 12GW in the first half of the year, so the market may show explosive growth in the second half of the year, or will lead to tight supply in some parts of the industrial chain, with the cost of PV power generation will decrease, the development of overseas markets will accelerate, and enterprises should also improve the operation level of the international market. At the same time, the size and concentration of the head enterprises will be further enhanced, and the competition will be upgraded to the leading enterprises, from a single reduction in the cost of manufacturing to the application of tapping potential.

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