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Ever since China's 531 New Policy came into effect back in 2018, Chinese manufacturers impacted by the policy actively sought expansion overseas in order to lessen the risks from the policy. Adding that the distribution of global markets is becoming more diverse and dispersed, we see global demand for PV modules being pushed up as a result. EnergyTrend, a division of TrendForce, gives the following outlook for 2H19: Clients will slightly reduce pull-ins for 3Q, but this is expected to be a temporary state of rest for the market, which may still see demand for the whole 2019 year rise above 120GW.
As the datacenter market continues to grow, UPS demand receives a boost. According to statistics by EnergyTrend , a division of TrendForce , sealed lead acid (SLA) batteries remain the most widely used UPSs for datacenters. Yet lithium batteries possess advantages such as a long lifespan, quick charge/discharge speeds and a small volume, and are poised to replace SLA batteries in the future. By 2019, lithium batteries comprise 12% of batteries used in datacenters. This percentage is predicted to grow to 16% in 2020.
According to the latest Regional Project Report – “Solar Powering Taiwan: Special Report ” by EnergyTrend , a division of TrendForce , new installations in the Taiwan's PV system market may reach 1.58GW in 2019. If 2020 sees 2GW worth of new installations, then the Bureau of Energy, Ministry of Economic Affairs may reach their set goal to accumulate 6GW in new installations by 2020. Among Taiwan's EPC suppliers ranked for 2018, Chailease Energy takes the lead and boasts a market share of 10%.
According to the newest Regional Project Report –“Solar Powering Taiwan: Special Report” by EnergyTrend , a division of TrendForce , 2018 will prove to be the most disastrous year for Taiwan's solar PV manufacturers, yet the best year in terms of solar PV system installations downstream, bringing new installations up to 1GW for the first time in history. The government is now actively pushing towards a goal of 1.5GW in new installations by the end of 2019.
According to the latest research by EnergyTrend, a division of TrendForce, the market of new energy vehicle will continue to grow steadily, driving the demand for xEV batteries, despite the slowdown in global automotive market since 2018. The global demand for lithium-ion batteries used in new energy passenger cars is estimated to reach 155GWh in 2019, a growth of 63% from 95GWh in 2018.
