The Growth Rate Is Rapid, Brazil May Become The Main Global Photovoltaic Market!

According to reports, the European Photovoltaic Industry Association recently released the "2022-2026 Global Photovoltaic Market Outlook" report at the Intersolar Europe conference in Munich. The report pointed out that in 2021, the installed capacity of photovoltaic systems worldwide reached a record 167.8 GW, the cumulative installation exceeded the milestone of 1TW, and Brazil has become a rising star in the international photovoltaic market.

The report pointed out that the installed capacity of photovoltaic systems installed in Latin America in 2021 will increase by 44%, totaling 9.6GW, and the cumulative installed capacity of photovoltaic systems will reach more than 30GW. Since 2015, the PV market in the region has grown by more than 40 times. Projections suggest that from 2022 to 2026, it may grow at a rate of 30.8 GW per year. In this incredible success story, Brazil is a rising star in the global PV market.

The report pointed out that Brazil, as the leader of the PV market in Latin America, will rank among the top five in the global PV market in the next five years, and the cumulative installed PV system in the country will reach 54GW by 2026. Industry media recently discussed the report and Brazil's position in the global PV market with Dr. Rodrigo Lopes Suaia, CEO of the Brazilian Photovoltaic Association.

As of April 2022, the total installed capacity of PV systems in Brazil has exceeded 15GW, with an increase of more than 5GW in 2021 alone. The installed capacity of the distributed photovoltaic system is 10GW, and the large-scale photovoltaic system is 5GW. While distributed PV systems enjoyed record growth in 2021, they are likely to be surpassed in 2022.

In response to this rapid growth in the Latin American and Brazilian PV markets, high-quality components have become increasingly critical for system reliability and efficiency. Our company offers premium aluminum alloy solar panel frames and mounting components, engineered for durability, corrosion resistance, and optimal performance under diverse environmental conditions. These solutions are designed to support both distributed and large-scale photovoltaic installations, helping developers and integrators maximize energy yield and system longevity.