In 2018, the solar photovoltaic market focus remained in the Asia-Pacific and Americas. However, the idling power and subsidy distribution delay problems that continue to aggravate the situation compelled the Chinese government to implement policy control in June. The postponement of the US Investment Tax Credit (ITC) exit is expected to maintain market momentum. Japan’s Fixed Feed-in Tariffs (FIT) rates continue to round down, and the bidding mechanism is required to be adopted for systems above 2MW, leading to gradual market tightening. The installations in Western Europe and Southern Europe have seen growth due to economic recovery. For China’s manufacturer supply chain, the domestic demand shrank following the implementation of the 531 New Policy, showing an excess production capacity and outflux to other countries and causing global solar product prices to decline further.
In 2018, the global wind power market value stood at USD84.47 billion, a 3.7% increase compared to USD81.49 billion in 2017. Both onshore and offshore wind sectors showed an increase in newly installed capacity compared to 2017, and the growth rate of offshore wind was higher than onshore wind.With the supply chain development reaching maturity, the costs decreased year after year, causing the overall output value growth rate to remain constant compared with the device growth rate.
1. Industrial Scope
2. 2018 Industry Review
3. Trend of Emerging Product Technology
4. 5+2 Industry Innovation
5. New Southbound Countries
6. 2019 Industry Outlook
Fig. 1 Scope of global photovoltaic industry
Fig. 2 Scope of the wind power industry
Fig. 3 2017-2021 Global fuel cell market size
Fig. 4 2017-2021 Global biomass fuel market size
Table 1 The global emerging energy industry output value 2017~2018
Table 2 Trend analysis of emerging energy industrial output value in 2017-2018
Table 3 5+2 Industrial Innovation
Table 4 2019 Momentum of Taiwanese businesses in Southeast Asia solar photovoltaic industry and competitor analysis