The following analysis shows TrendForce’s investigations of key component and other downstream technology industries, under the impact of the COVID-19 outbreak, with the latest data as of February 14, 2020.
According to the EnergyTrend research division of TrendForce, the integration between centralized generation and distributed smart grid is an inevitable trend in smart city initiatives. Global BESS installation capacity is expected to reach 3.2GWh in 2020, with a 22% CAGR from 2019 to 2024.
The latest analysis from the EnergyTrend research division of TrendForce finds that Taiwan’s newly installed capacity reached historical highs in 2019, with over 36% growth YoY compared to each quarter in 2018. This growth momentum is expected to continue in the next few years as large-scale ground-mounted PV projects are underway.
Global market intelligence firm TrendForce is honored to announce its 20th anniversary in 2020. In addition to offering enterprise consultation services, TrendForce specializes in the comprehensive market analysis of the global technology sector. With over 20 years of industrial data and insights, TrendForce established Prophet, an AI solutions company, in 2017, growing its service areas to include the emerging digital transformation sector. For the past 20 years, TrendForce has been the leading generator of market information in Greater China’s technology industry. Within the next 20 years, the company is looking to build upon its current core competencies and become the preeminent market intelligence provider and enterprise consultancy on the global stage.
Since its domestic grid connections crossed the gigawatt mark in 2018, the Taiwanese solar energy market has come under international scrutiny, as the local government actively executes its two-year solar development program. The latest analysis from the EnergyTrend research division of TrendForce shows that cumulative PV installations in Taiwan reached 3.8GW in September 2019; the adjustments made in the 2020 draft of feed-in tariffs (FIT) are expected to help Taiwan achieve its goal of 6.5GW cumulative PV installations in 2020.