On The Global Zero-Carbon Path, Renewable Energy Will Become The Dominant Energy Source
The compound growth of photovoltaic, wind energy, and energy storage in the past five years will benefit from the strategic deployment of global carbon neutrality. It is estimated that by 2030, the global photovoltaic installed capacity in a single year is expected to reach 630GW, with a compound annual growth rate of 15-20%; the wind power market will grow from 2022. Officially entering the era of parity, the demand for hoisting and installation is rapidly increasing, and the global compound growth rate from 2022 to 2025 will be 38%; the downward trend in the cost of energy storage projects, superimposed on the urgent needs of solar energy storage projects and long-term energy storage, the global energy storage battery market will remain Steady growth trend. It is estimated that the global demand for energy storage batteries will reach US$211.9 billion in 2026, with a CAGR of 43.5%.
Photovoltaic Industry Market Distribution
In 2021, the export of photovoltaic products to various continents will increase to varying degrees. The European market saw the largest increase, up 72% year-on-year. In 2021, Europe will become the main export market, accounting for about 39% of the total export value. Silicon wafers and cells are mainly exported to Asia.
PV Product Export Data In 2021
On April 13, the State Council Information Office held a press conference on the import and export situation in the first quarter of 2022. Li Kuiwen, spokesperson of the General Administration of Customs and director of the Statistics and Analysis Department, said that in the first quarter, the total value of my country's foreign trade imports and exports was 9.42 trillion yuan, a year-on-year increase of 10.7%. It is worth noting that in the first quarter, my country exported mechanical and electrical products to 3.05 trillion yuan, an increase of 9.8%, accounting for 58.4% of the total export value, of which solar cells increased by 100.8% year-on-year, ranking first in the mechanical and electrical products category.
The global power battery market has been "monopolized" by China, Japan and South Korea. The three countries' power battery shipments account for 90% of the global total. 60% of the amount.
1. Due to technological upgrades, the cost of global energy storage batteries has been continuously reduced, and the market size has continued to expand. It is estimated that the global energy storage market will reach 58 billion US dollars in 21 years.2. Electric vehicles still occupy the mainstream position, with nearly half of the market share; new energy vehicle batteries have high barriers to entry and are monopolized by Chinese battery production giants.
3. China's energy storage battery exports continue to grow, with a growth rate of more than 50% in the past three years. It is expected that the global energy storage battery compound growth rate will be around 10-15% in the next five years.4. China's exports mainly flow into South Korea, the United States, Germany, Vietnam as an Asian country, and Hong Kong, China as a transit station, and products flow to all parts of the world.
Battery Export Ratio:
Due to the advantages of fast charging/high-power discharge/high energy density/long cycle life of lithium-ion batteries, the export volume of lithium-ion batteries accounts for the largest proportion.
Among the exports of battery application products, the export of electric vehicles accounted for more than 51%, and the export of energy storage products and other consumer electronic products was close to 30%.
Photovoltaic System:
According to the forecast of the International Energy Agency, in 2022, the forecasted installed capacity of distributed photovoltaics will increase by 20% year-on-year, and the increase of distributed photovoltaics will double by 2024. Distributed PV (power generation <5MW) will account for nearly half of the total PV market, reaching 350GW. Among them, industrial and commercial distributed photovoltaics have become the main market, accounting for 75% of the newly installed capacity in the next five years. The installed capacity of household photovoltaic systems in households is expected to double to about 100 million households in 2024.Photovoltaic systems are divided into three forms: grid-connected, off-grid, and hybrid. Off-grid photovoltaic power plants store solar power in batteries, and then convert them into household 220v voltage through inverters. The grid-connected photovoltaic power generation system refers to the connection with the mains. The grid-connected photovoltaic power station does not have an electric energy storage device and directly converts it into the voltage required by the national grid through the inverter, and gives priority to household use. Can be sold to countries.
