At the time of significant expansion of domestic photovoltaic production capacity in China, overseas markets represented by the United States, India, and Europe have also sparked a “wave” of domestic photovoltaic manufacturing.
Based on the predicted data from various institutions, by the end of 2023, the global production capacity of silicon materials, silicon wafers, battery cells, and components will exceed 800GW, ushering in a new development node for the photovoltaic industry.
With the promotion of localization of photovoltaic product production and supply chain traceability in major countries and regions, international companies have successively launched new production capacity or plant construction plans under the support of the market and policies, and the international competition in the photovoltaic manufacturing industry is becoming increasingly fierce.
According to media tracking of international photovoltaic production capacity construction, the development situation of overseas photovoltaic manufacturing can be described as in full swing, with the United States, India, and Germany showing the most obvious performance.
Previous reports from the International Energy Agency (IEA) showed that global photovoltaic manufacturing capacity increased by over 70% in 2022, reaching nearly 450GW. The agency also predicts that global production capacity will double again by 2024, reaching nearly 1TW per year.
The IEA stated that China remains the largest contributor to this growth, while the United States and India are also promoting new manufacturing projects, while Europe’s manufacturing capacity growth is relatively small. Without manufacturing policies or local content premiums, the EU’s solar photovoltaic manufacturing competitiveness is inferior to India or the United States.
Overall, the solar photovoltaic industry is in a rapidly rising stage, and the mutual game between the industrial chains has entered a white-hot state.
As a member of numerous international photovoltaic enterprises, MULTIFIT Solar will promptly pay attention to the latest industry research and development trends in the current complex environment of the photovoltaic industry, reserve differentiated technologies in a timely manner, continue to increase investment in research and development of solar cleaning equipment, inverters, mobile power banks, photovoltaic combiner boxes, solar controllers and other products, and produce more high-quality products to ensure an invincible position in market competition.
Post time: Nov-16-2023