In the past two years, the global photovoltaic industry has emerged against the backdrop of energy structure transformation, with industry scale and installed capacity growth repeatedly reaching new highs.

From the installed capacity data of the four major regional markets, the Asia Pacific region has performed the most outstandingly, leading the global photovoltaic market. After experiencing a period of rapid development, the photovoltaic market in mainstream countries in the Asia Pacific region has become more mature, and the overall growth rate is expected to slow down in 24 years, with a new installed capacity expected to reach 270GW.

Although Europe is facing a situation where the urgency of installation is gradually diminishing, European countries have significantly raised their long-term photovoltaic installation targets in 2023 and implemented multiple favorable policies, confirming their determination to accelerate energy transformation remains unchanged. Jibang Consulting predicts that the new installed capacity in Europe will reach 90GW in 24 years, and is expected to maintain steady growth in the long term. The overall new installed capacity in the Americas is expected to reach 87 GW, a year-on-year increase of 33%, with the main increase still being in the United States. In the Middle East and African market, the installed capacity demand of Saudi Arabia, South Africa, and the United Arab Emirates will drive the overall high growth rate of the region, with an additional installed capacity of 28 GW in 24 years.trina solar panels