#Industry News
Development of Global Photovoltaic Application Market from 2014 to 2023
Market situation of photovoltaic applications
In 2023, the global photovoltaic installed capacity added 390GW, a year-on-year increase of 69.6%, with a cumulative installed capacity of approximately 1546GW. In 2023, global photovoltaic installation reached a new high.
In 2023, China still maintains a leading position in the global new installed capacity market, with an annual additional installed capacity of 216.3GW on the exchange side, reaching a new historical high. The newly added photovoltaic installed capacity has remained the world's largest for 11 consecutive years since 2013. In 2023, the newly installed photovoltaic capacity in China exceeded half of the global total, and the cumulative installed capacity accounted for nearly 40% of the global total.
