Market Analysis: PV World Market Remains Stable at 110,000 to 130,000 MW in 2020
Taipei, Taiwan - In a recent analysis of the economic impact of the corona pandemic on the global high-tech industry, market researchers from Taiwanese market research institute Trenforce have also published an assessment of the photovoltaic industry.
In view of regional and governmental shutdown measures, the analysts expect effects on the markets with grid connection dates. Germany has already reacted to the invitations to tender by the Federal Network Agency last week with the option to extend deadlines. Other countries, including Taiwan, have also extended the grid connection dates.
However, the demand that is expected to arise in the first half of 2020 will largely only arise in the second half of the year. However, Trendforce expects that the corona pandemic will not significantly change overall PV demand in 2020 as a whole. It is estimated at 110,000 to 130,000 megawatts.
Source: IWR Online, 31 Mar 2020