In 2023, solar panels will be bought 2 times more often: Analysts explained the reasons

Analysts say solar power generation will reach 351 GW this year.

Analyst firm TrendForce has published data on its market forecasts for 2023 in the solar panel segment. According to the research, the solar market is expected to grow sharply by at least 50% this year and if you calculate the estimated installation of the new panels, they will provide 351 GW of energy globally.

Analysts attribute the sharp growth to the “deferred interest” of the past years as the coronavirus epidemic ravaged the world, as well as supply difficulties and the shortage of polysilicon necessary for the production of solar cells.

According to experts, however, there is a trend towards energy independence around the world, and solar energy can play an important role here, especially in countries that are climatically best suited to use energy production in this way. According to TrendForce analysis, the Asia-Pacific region will be the most active in purchasing solar panels or manufacturing their own. This is followed by the combined regions of Europe, America and the Middle East and Africa.

In terms of energy, it will look like this: In 2023, 202.5 GW will be produced in the Asia-Pacific region, up to 68.6 GW in Europe and 64.6 GW in the Americas in 2023 due to solar. Finally, with regard to the Middle East and Africa, these regions show steady growth. Analysts say the two regions will together add 14.9 GW of new solar panel installations by 2023.

Previously Focus He wrote that thanks to nanotechnology, solar panels will achieve 47% efficiency: how is that possible?

Source: Focus

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