Recently, the IEA released a statistical report on photovoltaics around the world in 2020, and carried out detailed statistics and analysis on the development of the photovoltaic industry around the world in the past year.

      According to the report, in 2020, almost all solar energy markets in the world will have a great upward trend, and the growth of the Chinese market will exceed the newly installed capacity of many countries.

      According to the data compiled by KUKA CABLE, we found that China’s new photovoltaic installations in 2020 ranks first in the world, exceeding the total number of new installations in the entire European Union. Although the United States has set a new record of 19.2GW, it is still far behind China. China's volume has surpassed the sum of the second and third places.

      Vietnam is also a country where the photovoltaic industry has developed rapidly recently. The government also supports the local photovoltaic industry. In 2020, Vietnam’s new installed capacity rapidly increased to 11.1GW, becoming one of the few countries where the newly installed capacity exceeded 10GW. . However, in the face of sudden power growth, the local power system has become unbearable. The local government has considered restricting the development of photovoltaics, and a downward trend should begin to appear in 2021.