The projected global photovoltaic installation demand for 2022 is expected to reach 240GW, a 40% year-on-year increase.

In 2021, the demand for photovoltaic systems was not fully realized due to the dual challenges of the impact of the pandemic and the rising prices in the supply chain. However, it is anticipated that there will be a significant increase in demand in 2022, with global installations reaching 240GW. This growth is crucial in addressing the global energy crisis and assuming the important responsibility of environmental protection.

There are significant differences in installation demand across different regions, and a significant increase in demand is expected in Europe. In the Asian region, markets such as India and Vietnam are undertaking numerous projects, and the market is expected to experience a concentrated peak of grid connection over the next three years.

Mature markets such as Japan, South Korea, and Australia are expected to maintain stable annual demand. In Europe, the "Russia-Ukraine conflict" has exacerbated the energy crisis in the region, driving countries such as Germany, France, and the United Kingdom to implement corresponding policies, increase energy development goals, and enhance the bidding capacity of photovoltaic and wind power projects.

The market demand for 2022 is expected to be robust with further growth potential. In the Americas, the United States, Brazil, and Chile occupy the top three market positions, with markets such as Colombia and Canada expected to experience significant growth. In the Middle East and Africa region, favorable climate and solar resources are driving rapid development of solar energy projects in countries like the United Arab Emirates and Saudi Arabia.

High supply chain prices, grid load challenges, and lingering pandemic effects are still worth noting. Constrained by the market supply-demand relationship, prices in the photovoltaic industry chain are high at present, and due to profitability issues, some solar projects are gradually being halted. The speed of new photovoltaic installations is gradually accelerating, which may pose a significant challenge to grid load. In addition, the impact of the pandemic cannot be ignored and may lead to lower-than-expected release of installation demand in some regions.