In order to focus on the integrated development of the global photovoltaic, energy storage and hydrogen energy industry, the New Energy Industry Association for Asia and the Pacific (NEIAAP), together with the Global Green Energy Industry Council (GGEIC), the Asian Photovoltaic Industry Association (APVIA), and the Shanghai New Energy Industry Association (SNEIA), have jointly initiated the compilation of a brief report on the development of the photovoltaic, energy storage and hydrogen energy industry. It provides quarterly in-depth analysis of market dynamics in China, Japan, Korea, Southeast Asia, America and other key regions around the world, covering core dimensions such as policy guidance, technological breakthroughs, market scale, competitive landscape and business opportunities. Relying on the professional insights and global resources of the four organizations, we are committed to providing references for governmental decision-making, corporate strategic layout and investment judgment, assisting technological innovation and industrial synergy in the industry, and promoting global green energy cooperation and market expansion, so that we can move towards a carbon-neutral future together.
Main Content:
Briefing on PV Industry Development and Market Analysis in China, Japan and Korea (March 2025) provides a brief overview of the current status of the PV market in China, Japan and Korea in 2024 and the 2025 outlook. China's PV market continues to expand, with 277.57 GW of new installations and 885.68 GW of cumulative installations in 2024. Policy support and technological innovation drive market growth, and distributed PV becomes an important growth point. Despite trade barriers and market fluctuations, China's PV product output continues to expand and exports maintain growth. Japan’s PV new installed capacity is expected to 3 GW in 2024, the cumulative installed capacity of 125 GW. Its policies promote the development of new residential and industrial and commercial rooftop PV. South Korea's PV market has declined since peaking in 2020, with 2.7-2.8 GW of new installations in 2024, and policy support for renewable energy development. Driven by technological innovation, policy support and market demand, the three countries market still has a broad space for development in future.
Highlights:
Download: Briefing on PV Industry Development and Market Analysis in China, Japan and Korea (March)
Note: To obtain a full copy of the Briefing on PV Industry Development and Market Analysis in China, Japan and Korea (March 2025), please contact NEIAAP's China Liasion.
Tel: +86.21.33683167 ext. 815