2022Global Renewable Energy Market Review by Region

Covid-19 epidemic ravaged the world prompted governments to take process blocking measures, not only so that renewable energy with components of the raw material prices soared and increase the cost of setting up, but also due to the lack of labor to delay the process of setting up, but fortunately countries actively promote energy reduction and carbon reduction policies, coupled with the fossil energy prices continue to rise from 2021, but instead of incentives for the development of renewable energy, according to the International Energy Agency (IEA) released "Renewable Energy Market Outlook for 2022 and 2023" report pointed out that in 2021 the global renewable energy power additions amounted to 295 GW, representing 6% of the global power growth over 2020. Renewable Energy Market Outlook for 2022 and 2023" report pointed out that in 2021, the global renewable energy power new setup amounted to 295 GW, an increase of 6% compared with 2020, accounting for 84% of the global power equipment new additions, while the global renewable energy power cumulative setup was 3,146 GW, an annual increase of 10.7%. In 2021, China's cumulative capacity will be the first to exceed 1 TW, and 22 other countries will have a cumulative capacity of more than 10 GW. The top five installations, including China, the United States, Brazil, India, Germany, and the United States, will have a cumulative capacity of more than 10 GW. China, the United States, Brazil, India, Germany and other top five installation countries accounted for a total of 71%. Figure 1 is the distribution of the proportion of primary energy use of renewable energy by country in 2021, more than 50% above only Scandinavian Norway, Sweden, Iceland, and the United States, Germany, China, Japan and other major renewable energy installation countries accounted for the proportion of between 10% ~ 20%.