In 2020, at least 20 countries will have new photovoltaic installed capacity exceeding 1GW. The cumulative installed capacity of 14 countries exceeds 10 GW, and the cumulative installed capacity of 5 countries exceeds 40 GW. Among them, China ranked first with a cumulative installed capacity of 254.4GW, by the 27 EU countries with a cumulative total of 151.3GW, the United States ranked third with 93.2GW, and Japan ranked fourth with 71.4GW.

The main growth of the photovoltaic market in 2020 will come from China and Vietnam, and a small part will come from the European Union and the United States. The main market decline came from India. In general, COVID-19 has no significant impact on the market development in 2020. Although the blockade measures during Q1 caused some project delays, most countries have resumed in the third and fourth quarters.

2020 PV Installed Capacity TOP10

The top ten countries with new photovoltaic installations in 2020 are: China, the United States, Vietnam, Japan, Germany, India, Australia, South Korea, Brazil and the Netherlands. In the past few years, several countries with large installed capacity, including France, Mexico, and Turkey, have noticeably weakened their development momentum and have already withdrawn from the top ten position.

It should be noted that the installed capacity data of some countries are converted from AC-side power to DC-side figures, which may result in differences between the official photovoltaic data of several countries such as Spain, Japan, or India and the above statistics.

Installed Type And Others

Preliminary data show that compared with 2019, the utility-scale photovoltaic market will grow slightly in 2020, but with the increase of the rooftop market, its market share will relatively decline. Thanks to the outbreak of rooftop photovoltaics in Vietnam and the partial growth of Australia, Germany and the United States, rooftop photovoltaic capacity has achieved a significant increase in 2020.

Photovoltaics will play a key role in the energy transition. In the past 15 years, due to the development of technology and the decline in prices, the photovoltaic market has continued to grow and has gradually become a mainstream power generation method. In 2020, photovoltaics will account for approximately 42% of the total power generation from all new renewable energy sources.

While the clean power provided by photovoltaic power generation can directly reduce CO2 emissions, photovoltaic power is gradually becoming a catalyst for other clean energy energy systems in other areas of power production. Energy storage, hydrogen energy, and cooperation between electric vehicles and photovoltaics are receiving more and more attention. Taking electric vehicles as an example, compared with 2019, a total of 3 million electric vehicles will be put into use in 2020, an increase of 40%. Compared with the growth curve of photovoltaic installations, the penetration rate of electric vehicles may be faster.

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