Viewing the development of Solar industry from the European interssolar Exhibition Jun 27,2022.
Recently, the interssolar Europe International Solar Energy Exhibition opened in Munich, Germany. From the relevant information of the exhibition, we can find out the development trend of "market and technology". The European photovoltaic market continues to be booming, the optical storage market develops rapidly, the BIPV market is worth looking forward to, the n-type products are fully introduced to the market, and the overseas layout of the photovoltaic industry chain needs attention.

1) The European photovoltaic market continues to be booming.

In terms of domestic exports, the strong overseas demand mainly comes from the European market and the Latin American market. According to PV InfoLink, the scale of PV modules exported to Europe in the first quarter of 2022 was 16.7gw, an increase of 145% compared with 6.8gw in the same period last year. Since the beginning of this year, the conflict between Russia and Ukraine has triggered an energy crisis in Europe. European countries have paid more attention to energy security and energy independence, and accelerated the transformation to renewable energy. Among them, Germany has raised the time for full use of renewable energy to 2035, stimulating the demand for photovoltaic products. According to the data of the European Photovoltaic Association, in 2021, the installed capacity of PV in Europe was 25.9gw, a year-on-year increase of 34%; Combined with export data, we predict that the new PV installed capacity in Europe is expected to exceed 40gw in 2022, with a year-on-year increase of more than 54%. Driven by the European market, we expect that the global new PV installed capacity is expected to reach 230gw, with a year-on-year increase of more than 30%, and the demand rhythm is expected to improve quarter by quarter. The recent continuous upward trend of industrial chain prices is consistent with our previous forecast.

2)The optical storage market is developing rapidly, and the BIPV market is worth looking forward to.

With the rapid growth of new installed capacity, the optical storage market driven by distributed PV shows a trend of more rapid development. On the one hand, under the trend of energy security and green transformation, distributed photovoltaic has developed rapidly; On the other hand, with the continuous upward trend of European electricity prices, the economy of light storage integration is becoming more and more obvious. The rapid growth of demand has also received rapid feedback in the industrial chain. Inverter enterprises have released energy storage inverters and provided integrated optical storage solutions, and even some component enterprises have released energy storage systems. In addition, the BIPV market is also worth looking forward to. Many component companies have released soft components and provided corresponding installation solutions. The photovoltaic application market presents a diversified development trend, which also puts forward higher requirements for photovoltaic module products and related industrial chains.

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