Business World of Renewable Energy

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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.

According to the report, initial concerns about supply chain disruptions and bottlenecks in China's PV industry are gradually diminishing as more and more workers return to work. The rate of returning to work throughout the supply chain has risen from 30 percent in February to 50 percent in March, which is on the way to normality. Efficiency in logistics is also improving again. Nevertheless, the situation has not yet returned to normal, said Trendforce.

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