Current status and future development prospects of photovoltaic industry

The photovoltaic industry refers to the industry that uses the energy of solar photons and converts it into electrical energy. Photovoltaic power generation is actually a technology that uses the photovoltaic effect of the semiconductor interface to directly convert light energy into electrical energy. The components are roughly composed of solar panels, controllers, and inverters. Among them, the solar panel is the core component of light energy conversion, and the main material is “silicon”. Such as monocrystalline silicon, polycrystalline silicon, amorphous silicon, etc. Due to the high production cost, there are certain limitations in short-term general use.

With the gradual enhancement of environmental protection awareness and the increasing severity of the global energy crisis. The photovoltaic industry has developed rapidly. This article will analyze the current situation and future development prospects of the photovoltaic industry.

1. Status quo of the photovoltaic industry

1) The scale of the global photovoltaic market continues to expand

The global market size of the photovoltaic industry continues to expand. According to statistics, the global photovoltaic market reached 140 GW in 2019. A year-on-year increase of 12%. Among them, China’s photovoltaic market accounts for more than half of the global market, becoming the world’s largest photovoltaic market.

2) Photovoltaic technology continues to improve

With the continuous advancement of science and technology, photovoltaic technology continues to improve. High-efficiency, low-cost, and long-life solar cells are gradually becoming mainstream. At present, technologies such as monocrystalline silicon, polycrystalline silicon, PERC, N-type, and HJT have become mainstream.

3) The photovoltaic industry chain continues to improve

The photovoltaic industry chain continues to improve, and the number of upstream and downstream enterprises in the industry chain continues to increase. The production and sales of a series of supporting equipment such as solar cells, modules, inverters, brackets, and cables have formed a complete industrial chain.

2. Future development prospects of the photovoltaic industry

1) The photovoltaic market will continue to expand

With the increasingly severe global energy crisis, the photovoltaic market will continue to expand. It is estimated that by 2030, the global photovoltaic market will reach more than 600 GW.

2) Photovoltaic technology will continue to improve

Photovoltaic technology will continue to improve, and solar cells with high efficiency, low cost, and long life will become the mainstream. At the same time, new solar cell technologies such as perovskite cells and flexible solar cells will gradually mature.

3) The photovoltaic industry chain will be more perfect

The photovoltaic industry chain will be more perfect, and the number of upstream and downstream enterprises in the industry chain will further increase. At the same time, the photovoltaic industry will be deeply integrated with other industries. Such as construction, transportation, etc., forming more new application scenarios.

3. Conclusion

The photovoltaic industry is an important direction of future energy development. The scale of the photovoltaic market will continue to expand, the photovoltaic technology will continue to improve, and the photovoltaic industry chain will be more complete. In the future, the photovoltaic industry will play a more important role in environmental protection, energy conservation, and sustainable development.

According to CPIA’s previous forecast for new global photovoltaic installed capacity: it is estimated that the demand for photovoltaic connectors in the global photovoltaic industry in 2025 will be 771 to 943 million pairs. From 2021 to 2025, the cumulative demand for photovoltaic connectors in the global photovoltaic industry will be 3 billion to 3.7 billion pairs. The market prospect is relatively broad.

With the development of society, when traditional energy can no longer meet the existing energy demand, the introduction of other energy is bound to be required. The proposal of “double carbon” will further weaken the use of fossil energy. In this context, clean energy will naturally be favored. The development of clean energy is also the direction that the world is working together, especially the photovoltaic industry. All links in the industrial chain will also be driven by development, and the transition from traditional energy to clean energy is accelerating. The investment of various countries in the photovoltaic industry is also gradually increasing. Energy is the driving force for development, and only when the power is full can development be more stable.