On April 23, 2023, the National Energy Administration released national power industry statistics from January to March. Data points out: As of the end of March, the country’s cumulative installed power generation capacity was approximately 2.62 billion kilowatts, a year-on-year increase of 9.1%. Among them, the installed capacity of wind power is approximately 380 million kilowatts, a year-on-year increase of 11.7%; the installed capacity of solar power generation is approximately 430 million kilowatts, a year-on-year increase of 33.7%. It can be seen that photovoltaic power generation has officially become the second largest form of power generation in the country.

Photovoltaics not only performs strongly in the domestic market, but also shows a hot trend globally. In the same April, the International Energy Agency also released the "Global Solar Photovoltaic Market Review 2023". How is the photovoltaic market performing? Let’s take a look!

It can be seen that in 2022, the Chinese market will become the world's largest with a volume of 106GW, leaving a huge gap with the second-placed Europe and the United States. The booming development of China's photovoltaic market cannot be underestimated.

Similarly, in terms of installed capacity, China also ranks first with 415GW. As can be seen from the table, the United States is 142GW, Japan is 85GW, and South Korea is 25GW. my country is a large country with a large population, and it still has a per capita figure of 142GW. Space for effort.

In terms of growth rate, countries with significant growth include: China, the European Union, Brazil, and Chile. Among them, China's growth accounted for 44% of the global increase, and the EU's main contributions came from Spain, Germany, Poland and the Netherlands. Growth in the United States has declined due to trade barriers and network access issues, while India, Japan, and Australia have continued to maintain growth.

In terms of penetration rate, the top ten countries are: Spain/Greece/Chile/Netherlands/Australia/Honduras/Germany/Israel/Japan/India. The 10th-placed India is 9.5%, and the top 9 data all exceed 10%. China's penetration rate is 6.5%, with great potential for growth.

The report points out that in terms of renewable energy power generation distribution: photovoltaics ranks first, followed by wind power, and hydropower has fallen to third place. The energy market structure is changing, and photovoltaics are playing an increasingly important role. Throughout 2022, the world has reduced emissions by approximately 1.4 billion tons of carbon dioxide, an increase of 30% from 2021. This figure accounts for 10% of the total carbon emissions from electricity and heating, and 4% of all energy emissions. Photovoltaics contribute half of the emission reductions.

Summarize

Although affected by the epidemic and war, the development of the global photovoltaic market is obvious to all. The photovoltaic industry has grown rapidly and has become one of the most important forms of power generation today. From the data point of view, China maintains a leading advantage in global photovoltaic power generation, both in terms of market and technology, and plays the role of an industry leader.

The development of China's photovoltaic industry cannot be separated from the contributions of upstream and downstream enterprises in the industry. As a photovoltaic supporting electrical equipment manufacturing enterprise, we at Leilang Electric are actively participating in the cooperative division of labor in industrial development, providing safe, reliable and efficient photovoltaic inverter transformers and reactor products for the industry. With high-quality raw materials and energy-efficient products, we actively contribute to energy conservation and emission reduction!