2024全球太阳能光伏市场回顾报告（英）

Investment Rating - The report does not explicitly provide an investment rating for the photovoltaic (PV) industry. Core Insights - The global cumulative PV capacity reached 1.6 TW in 2023, with new installations between 407.3 GW and 446 GW, marking an over 80% growth compared to 2022 [11][20][37]. - China's PV market dominated with a record installation of 235 GW to 277 GW, accounting for over 60% of global new capacity [11][31]. - The European Union installed 55.8 GW, with Germany leading at 14.3 GW, while the USA and India followed with 33.2 GW and 16.6 GW respectively [11][31][32]. - The oversupply of PV modules has led to significant price drops, impacting local manufacturing projects outside China [13][29][30]. Summary by Sections Snapshot of the Global PV Market in 2023 - The report highlights a significant increase in global PV installations, with 29 countries installing over 1 GW in 2023, up from 25 in 2022 [20]. - China alone accounted for a minimum of 662 GW cumulative capacity, followed by the EU with 268.1 GW and the USA with 169.5 GW [20][31]. Evolution of Annual Installations - The annual installations nearly doubled from 236 GW in 2022 to at least 407.3 GW in 2023, with a growth rate not seen since 2011 [20][23]. - The report notes that the number of countries with over 10 GW of cumulative capacity has increased to 19 [20]. Impact of the Ukraine War and Over-Capacity in Manufacturing - The report discusses the stabilization of electricity prices in Europe after peaks in 2022, which has allowed PV to remain competitive [27]. - Manufacturing capacity has outstripped market demand, leading to an estimated 150 GW of module stock by the end of 2023 [28][29]. Focus on the Top Markets in 2023 - The report identifies China, the EU, and the USA as the top three markets for PV installations, with significant contributions from Germany and Brazil [31][32]. Market Segmentation - Both rooftop and utility-scale segments saw growth, with approximately 45% of new capacity coming from rooftops [33]. - New applications such as Building Integrated PV (BIPV) and floating PV are emerging, although still marginal [35]. Cumulative Installed Capacity in the World - The global cumulative installed capacity reached between 1,581 GW and 1,624 GW by the end of 2023, with a notable increase in the share held by Asia-Pacific [37][39]. Policy & Market Trends - The report emphasizes the importance of policy support in driving market growth, particularly in regions like Europe and the USA [41][42].