photovoltaics – CRI Report

Research Report on Global and China’s BIPV Market, 2016-2030

admin — Tue, 21 Dec 2021 08:00:11 +0000

China’s Building-integrated photovoltaics BIPV Market

Photovoltaic building is a new concept of applying solar power generation and is a perfect combination of solar photovoltaic system and modern building. It lays photovoltaic modules on the outer surface of building structure to provide electricity, integrating solar power generation system with roof, skylight, curtain wall and other buildings, building green and environmental protection housing.

In BIPV, BAPV is relatively mature. Currently, BIPV is in the initial stage. Under the guidance of “double carbon target”( that is, to achieve peak carbon dioxide emissions by 2030 and carbon neutrality by 2060), building energy efficiency and distributed PV policy, and continuous progress in BIPV standards, global BIPV and the market is expected to witness a rapid rise.

As of 2020, BIPV accounted for about 50% of the global distributed PV installed capacity, about 15% of the total PV installation. The combination of PV and building is gradually becoming an important part of the PV installation, which is dominated by the combination of PV building and BAPV.

In the world, the total installed capacity of BIPV in 2019 and 2020 amounted to 1.15GW and 2.3GW respectively, which is still in the initial stage before large-scale development, with huge space for future development.

According to CRI’s analysis, overall, the impact of COVID-19 on the global PV industry is relatively small.

In 2020, global newly installed capacity of PV reached 130GW, up 13% YOY; China’s newly installed capacity of PV was 48.2GW, up 60% YOY, ranking first in the world for 8 consecutive years, and the cumulative installed capacity reached 253GW, ranking first in the world for 6 consecutive years.

On October 24, 2021, China’s State Council issued the “Action Plan to Achieve Peak Carbon Dioxide Emissions by 2030” to accelerate green changes in production and lifestyle, promote economic and social development based on the efficient use of resources and green low-carbon development, and ensure that the goal of peak carbon dioxide emissions by 2030 is achieved on schedule.

The program calls for vigorous development of new energy, accelerating the development of intelligent photovoltaic industry, and promoting the diversified layout of photovoltaic power generation. It is planned that by 2030, the total installed capacity of wind and solar power generation in China should reach more than 1.2 billion kilowatts.

At the same time, the optimization of building energy structure should be accelerated. It is planned that by 2025, the replacement rate of urban buildings renewable energy should reach 8%, the photovoltaic coverage rate of new public institutions buildings and new plant roofs should reach 50%.

According to CRI’s analysis, in 2020, the rapid growth of China’s domestic photovoltaic power generation directly led to the great development of China’s photovoltaic industry chain links. In 2020, China’s polysilicon production was 392,000 tons, up 14.6% YOY; silicon wafer production 161.3GW, up 19.7%; cell production 134.8GW, up 22.2% YOY; module production 124.6 GW, up 26.4% YOY.

China’s production scale of each link in PV industry chain accounted for more than 50% of the world and continues to maintain the world’s first. The great development of China’s photovoltaic industry has also promoted the technological progress of the industry, leading to the further reduction in the production cost of photovoltaic products and electricity.

In recent years, China’s construction area of real estate development enterprises housing continues to increase. In 2020, housing construction area increased to 9.26759 billion square meters.

The Ministry of Housing and Construction indicated that in 2020, there were 630 million square meters of new assembled buildings in China, accounting for about 20% of the total new construction area, or about 3.15 billion square meters of new construction area in 2020. Moreover, China’s existing building area excels 40 billion square meters. All these indicates that there exists a huge potential for the BIPV market.

CRI expects that in 2022-2030, global and China’s PV market demand will continue to rise, and for investors, there are many investment opportunities in the BIPV industry chain.

Topics covered:

BIPV Market Overview
Economic and policy environment of BIPV
What is the impact of COVID-19 on the BIPV industry?
Global and China’s BIPV Market Size, 2016-2021
Analysis of Major BIPV Companies
Key drivers and market opportunities in the BIPV industry
What are the key drivers, challenges, and opportunities for the BIPV industry during the forecast period of 2022-2030?
Which are the key players in the BIPV market and what are their competitive advantages?
What is the expected revenue of the BIPV market during the forecast period of 2022-2030?
What are the strategies adopted by the key players in the market to increase their market share in the sector?
Which segment of the BIPV market is expected to dominate the market in 2030?
What are the major adverse factors facing the BIPV industry?

Research Report on Vietnam’s Photovoltaic Market, 2016-2030

admin — Tue, 21 Dec 2021 08:00:11 +0000

Vietnam’s Photovoltaic Market

As of the end of 2020, Vietnam has accumulated more than 16GW of photovoltaic installed capacity, ranking third in the world’s newly installed capacity in 2020, second only to China and the United States. Among them, the new rooftop photovoltaic installations in 2020 exceeded 9GW, involving about 100,000 households, and the onshore and offshore photovoltaic installations exceeded 1GW.

Vietnam became the world’s third largest photovoltaic market in 2020.

It is estimated that by 2025, Vietnam’s national electricity demand will reach 90,000 megawatts. It is estimated that from 2022 to 2030, Vietnam’s GDP will grow at an annual rate of 6.5%-7.5%, the annual growth rate of electricity demand will reach 7%, and the demand will reach 130,000 megawatts by 2030. According to CRI’s analysis, Vietnam is a very attractive market for foreign investors.

Vietnam is one of the Southeast Asian countries with the richest solar energy, with 2000-2500 hours of sunshine per year and 5kWh per square meter per day. In the ASEAN, according to the projects being developed and reserved by photovoltaic developers, Vietnam is the market with the most completed projects and reserved projects.

Scatec Solar and EVN (Electricity of Vietnam) each have a project plan of more than 500MW. Trungnam Group and Xuan Thien Group each completed photovoltaic power plants of more than 1GW.

In February 2021, Vietnam announced Vietnam’s eighth power plan draft (PDP VIII), which raised the renewable energy development target by nearly 70% to 45 GW by 2030, including 20 GW for photovoltaics.

Vietnam’s photovoltaic industry also has photovoltaic curtailment risks. Vietnam is a long and narrow land with uneven distribution of sunlight resources. Under the condition of a unified FIT electricity price across the country, photovoltaic projects are concentrated in southern Vietnam. In addition, the power grid in Vietnam is weak, and the photovoltaic projects are at risk of power curtailment.

According to CRI’s analysis, although Vietnam has become one of the fastest-growing markets for electricity in renewable energy in Asia, the lagging development of its power system and the surge in installed renewable energy power capacity pose a huge challenge to the stability of the power grid in Vietnam.

In Vietnam, photovoltaic power generation has accounted for a quarter of the total power generation of the power system. This explosive growth has affected the stability of Vietnam’s power distribution system.

According to CRI’s analysis, in 2020, Vietnam imported 14.6GW of photovoltaic modules. In November, the monthly import volume reached to the peak of 3.9GW. Currently, Vietnam’s photovoltaic module market is mainly occupied by foreign-funded enterprises.

Among them, Chinese companies Jinko, JA Solar, LONGI, Trina, and a Canadian company, Canadian Solar Inc. rank among the top 5 in the total imported photovoltaic modules in Vietnam.

In 2020, in Vietnam’s PV module shipments, monocrystalline PV modules accounted for 89%, 72-cell solar panel accounted for 63%, and the mainstream power of module was 440-450W. The demand for photovoltaic modules in Vietnam is also transforming to monocrystalline and large silicon wafers.

From January to July 2021, the total amount of components imported by Vietnam from China was less than 1,000 MW, which is less than a quarter of the volume in November 2020. This is due to the large number of rooftop photovoltaic installations in Vietnam in 2020, which was stimulated by the national subsidy policy.

In April 2021, Vietnam reduced the amount of subsidies, causing the import volume of photovoltaic modules in Vietnam to plummet. Compared with the continued decline in module shipments, China’s exports of solar cells and silicon wafers to Vietnam in July 2021 rebounded, reaching USD19 million and USD80 million respectively, an increase of 53% and 182% compared with June.

On the whole, Vietnam’s short-term demand for imported photovoltaic modules has decreased, but the demand for solar cells and silicon wafers is stable.

Local companies in Vietnam’s photovoltaic industry are also expanding rapidly. SolarBK is the leading manufacturer of solar panels in Vietnam. For example, at the end of 2017, IREX, a member of SolarBK, completed the first phase of a solar panel and solar cell factory with a capacity of 500MW in the southern Ba Ria-Vung Tau Province.

IREX’s factory was established in 2012 and has a modern production line that can produce photovoltaic cells of 300MW per year. IREX said that 40% of locally manufactured photovoltaic modules have been exported to the European and North American markets since 2018.

According to CRI’s forecast, as one of the hottest photovoltaic markets in Southeast Asia, Vietnam has the natural advantage of developing photovoltaic energy, and with the economic development, the demand for electricity in Vietnam is growing at a high pace. Therefore, the market will attract a lot of investment during 2022-2030.

Topics covered:

Overview of Vietnam’s photovoltaic industry
Economic and policy environment of Vietnam’s photovoltaic market
What is the impact of COVID-19 on the photovoltaic industry in Vietnam?
Vietnam’s photovoltaic market size, 2016-2021
Analysis of major photovoltaic companies in Vietnam’s market
Main driving forces and market opportunities of Vietnam’s photovoltaic industry
What are the main driving forces, challenges and opportunities of the photovoltaic industry in Vietnam during the forecast period of 2022-2030?
Which companies are the main players in Vietnam’s photovoltaic market, and what are their competitive advantages?
What is the expected revenue of Vietnam’s photovoltaic market during the forecast period from 2022-2030?
What are the strategies adopted by the major players in the market to increase their market share?
Which part of the Vietnam’s photovoltaic market is expected to dominate the market in 2030?
What are the main adverse factors faced by Vietnam’s photovoltaic industry?

Research Report on China’s Photovoltaic Industry, 2018-2022

Global Concentrated Photovoltaic (CPV) Market Research Report – Forecast To 2023

The post Research Report on Vietnam’s Photovoltaic Market, 2016-2030 first appeared on CRI Report.

Research Report on China’s Photovoltaic Industry, 2018-2022

admin — Fri, 17 Aug 2018 09:07:14 +0000

Description
In 2017, the newly installed capacity of the global PV market reached 102 GW, with an increase of over 37% over the same period of last year, and the cumulative PV capacity reached 405 GW. China’s newly installed capacity was 53 GW, increasing by over 53.6% YOY, ranking first in the world for five consecutive years. The cumulative installed capacity of China reached 130 GW, securing the first in the world for three years in a row. In 2017, China exported approximately 37.9 GW of photovoltaic modules, with an increase of 77.9% YOY. Its PV products are increasing in exports to emerging markets such as India and Brazil.
In recent years, the growth engine of the Chinese PV market has gradually shifted from exports to both domestic and export markets. In 2017, the market scale of photovoltaic power generation enlarged rapidly. The newly installed capacity registered 53.06 million kilowatts, which covered 33.62 million kilowatts of photovoltaic power stations, with an increase of 11% YOY, and 19.44 million kilowatts of distributed photovoltaics, increasing by 3.7 times YOY. This has become the highlight of the development of the photovoltaic market last year.
According to CRI’s analysis, the rapid growth of China’s photovoltaic power generation in 2017 directly drove the development of each sector along the photovoltaic industry chain. In the same year, the polysilicon production was 242,000 tons, with an increase of 24.7% YOY; the wafer production was 87 GW, with an increment of 39% YOY; the battery output reached 68 GW, growing by 33.3% YOY; the solar modules were produced of 76 GW, up by 43.3% YOY; the output of inverters was 62 GW, with an increase of 55% over the same period of last year. China’s production scale of different joints along the PV industry chain all exceeded 50% in the world, maintaining the first place. The great development of the photovoltaic industry has also promoted the technological advancement, which has reduced the production costs and electricity costs.
With the advancement of technology and scale economies, the production cost of Chinese leading polysilicon companies in 2017 fell to CNY 60,000/ton, the production cost of modules dropped to CNY 2 per watt or less, the investment cost of photovoltaic power generation systems dropped to CNY 5/watt and the cost of power generation decreased to CNY 0.5-0.7 per kWh.
Benefited from the expansion of the market size, the increment of company’s shipment volume and the reduction in the production costs, in 2017, Chinese PV companies made remarkable progresses in profitability.
The development of the photovoltaic industry is affected by multiple factors such as Chinese government policies, international and domestic market demands and international trade barriers. In recent years, the Chinese government has given incentives to the PV power plants including financial subsidies and preferential on-grid tariffs. Because of these policies, photovoltaic power plants attracted large amounts of capital and were built in a great quantity. In the light of the overheat in the photovoltaic industry, the government has also issued some measures to control excess production capacity, mainly reducing financial subsidies.
It is expected that during 2018 to 2022, the demand in PV market and PV export volume will both continue to increase. For investors, there are still many opportunities in China’s photovoltaic industry chain.

Topics:
Development environment of China’s photovoltaic industry
Supportive and restrictive policies of the Chinese government on the photovoltaic industry
Analysis on China’s photovoltaic industry chain
Supply and demand analysis on China’s photovoltaic industry
Export analysis of China’s photovoltaic industry
Chinese photovoltaic manufacturers
Chinese photovoltaic market competition
Driving forces and opportunities of the photovoltaic industry from 2018 to 2022
Threats and Challenges of the photovoltaic industry
Prospects of China’s photovoltaic industry from 2018 to 2022

The post Research Report on China’s Photovoltaic Industry, 2018-2022 first appeared on CRI Report.