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Analysis of the Development Prospects of China’s Photovoltaic Power Generation Industry in 2024

In recent years, with the increasingly mature and innovative technological level of China’s photovoltaic power generation industry, the cost of photovoltaic power generation has significantly decreased, and the industry has gradually entered the era of affordable grid access. According to data, from January to August 2023, the installed capacity of photovoltaic power generation in China was 505.41 million kilowatts, a year-on-year increase of 44.4%. The newly installed capacity of photovoltaic power generation is 113.16 million kilowatts, an increase of 68.69 million kilowatts year-on-year.

 浩浩1月30日新闻稿 (1)

The development of the photovoltaic power generation industry has continued to bring forth new technologies in various links of the industry chain, such as diamond wire cutting technology and the continuous improvement of the conversion efficiency of PERC batteries, which continuously promote the improvement of photovoltaic power generation efficiency and reduce the cost of photovoltaic power generation. According to CPIA statistics, the average conversion efficiency of PERC single crystal and poly crystalline batteries reached 23.20% and 21.10% respectively in 2023, which is significantly higher than the 21.3% and 20.0% in 2017; The average conversion efficiency of TOP con batteries, hetero junction batteries, and XBC batteries can reach 24.5%, 24.6%, and 24.5%. In the foreseeable future, the situation where the grid price of photovoltaic power generation is lower than the price of traditional coal-fired units will no longer be long-lasting, and lower electricity costs will continuously increase the market demand for photovoltaic power generation, thereby expanding the industry market space.

浩浩1月30日新闻稿 (2) 

Benefiting from the development of digital technologies such as cloud platforms, big data, and the Internet of Things, photovoltaic enterprises can achieve energy digital transformation and innovation driven by digital technology. With the integration of digital technology and the photovoltaic industry, intelligent software systems or hardware devices such as “smart energy systems”, “intelligent operation and maintenance platforms”, “photovoltaic power station cleaning robots”, and “unmanned aerial vehicle intelligent inspection systems” have emerged in the photovoltaic field. The digital application of the above-mentioned photovoltaic industry can achieve effects such as improving the efficiency of power station construction, visualizing power station operation, and reducing power station operation and maintenance manpower, thereby comprehensively reducing the cost of photovoltaic power generation. Photovoltaic digitization is an important trend and opportunity for the future development of the photovoltaic industry.

 浩浩1月30日新闻稿 (3)

For us, Multifit, we need to seize this opportunity and take advantage of the continuous expansion of the photovoltaic market to introduce our photovoltaic equipment and photovoltaic cleaning equipment to our potential customers, so that they can familiarize themselves with the performance and quality of our products, and ultimately place successful orders. And actively participate in domestic and international exhibitions, such as the Canton Fair and the RE+ exhibition held in Las Vegas September, And the All Energy Australia, new energy exhibition held in Australia October to seize this opportunity for our end customers to experience our products in the first place.


Post time: Jan-31-2024

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