In order to facilitate industry professionals or investors to further understand the current situation and prospects of the photovoltaic industry, Zhiyan Consulting has launched the "2023-2029 China Photovoltaic Industry Market Research Analysis and Investment Decision Recommendation Report" (hereinafter referred to as the "Report"). The report makes a comprehensive combing and in-depth analysis of China's photovoltaic market, which is the presentation of years of continuous tracking, field visits, research and analysis results of Zhiyan Consulting.
In order to ensure the accuracy of the PV industry data and the reference value of the content, the Zhiyan consulting and research team carries out data collection through multiple channels such as listed company annual reports, manufacturer research, dealer seminars, and expert verification, and conducts multi-dimensional analysis of the data in order to deeply analyze various fields of the industry, so that practitioners can comprehensively understand the development trend of the PV industry in 2022 and the hot spots of innovation from multiple dimensions and aspects, so as to empower PV practitioners to seize the transformation track.
The photovoltaic industry mainly refers to the photoelectric conversion industry chain formed by the application and development of silicon materials, including the production of high-purity polysilicon raw materials, solar cell production, solar cell module production, manufacturing of related production equipment and the application of photovoltaic power generation. With the advancement of the national carbon peak and carbon neutrality goal, the construction of a new power system with new energy as the main body is accelerating, and the photovoltaic industry is ushering in historic development opportunities. From the perspective of the scale design and operation mode of the photovoltaic power generation system, the photovoltaic power generation system can be classified into several modes such as independent, grid-connected and hybrid.
The photovoltaic industry chain includes: high-purity polysilicon, silicon rods/ingots/wafers, photovoltaic cells, photovoltaic modules, photovoltaic power generation systems and other links. Among them, the upstream is the production of high-purity polysilicon, the middle stream is polycrystalline ingot/monocrystalline rod drawing, slicing, photovoltaic cell production, photovoltaic power generation module packaging and other links, and the downstream includes centralized photovoltaic power plants, distributed photovoltaic power stations and other photovoltaic power generation systems.
Driven by overseas markets, the scale of mainland photovoltaic industry has steadily expanded, technological innovation has been continuously promoted, and the growth rate of exports has been continuously improved, showing an overall growth trend. In polysilicon, silicon wafers, cells, photovoltaic modules and other links, mainland production still maintains a rapid growth trend. In 2022, polysilicon production will be 827,000 tons, wafer production will be 357GW, cell production will be 318GW, and module production will be 288.7GW.
Although the mainland solar photovoltaic industry started a little late, it has developed rapidly and continues to develop in a spiral:
1) Rapid development period (2004-2010): China's photovoltaic manufacturing industry uses foreign markets, technology, capital, rapid formation of scale, in 2009, the mainland introduced a package of policies to deal with the financial crisis, photovoltaic industry to obtain strategic emerging industry positioning, spawned a new round of photovoltaic industry investment boom.
2) Drastic adjustment of the industry (2011-2013): The rapid recovery of the previous stage led to too rapid growth in the industry's production capacity, but the slowdown in market growth brought about by the reduction of European subsidies led to a serious stage surplus of the photovoltaic manufacturing industry, and the sharp decline in product prices, and the mainland photovoltaic manufacturing industry experienced setbacks again, almost falling into the loss of the entire industry.
3) The industry gradually recovers (2013-2017): The photovoltaic industry support policies have been intensively introduced, and supporting measures have been rapidly implemented. With the rapid progress of domestic photovoltaic technology, from domestic raw materials, auxiliary materials to domestic equipment has become the mainstream, on the one hand, to reduce costs, on the other hand to improve power generation efficiency, photovoltaic power generation costs have become closer and closer to the on-grid price.
4) 531 New Deal Rectification (2017-2019): After the relevant departments of the state used subsidy policies to help the photovoltaic industry complete another revival, problems such as blind expansion, consumption, and subsidy gaps were gradually exposed. In 2018, the government introduced the 531 New Deal, accelerating the decline of photovoltaic power generation subsidies, reducing the intensity of subsidies, and the new installed capacity of photovoltaics began to decline.
5) Open the first year of parity (2020-present): The transformation of polycrystalline to monocrystalline, the expansion tide of large silicon wafers, and the continuous development of emerging cell technologies such as PERC+ heterojunction have led to the continuous decline in the cost of the photovoltaic industry, opening the first year of photovoltaic parity.
As the world's largest photovoltaic power generation application market, Continental has become an incubator for the industrialization and application of various new photovoltaic cell technologies. In the future, Continental will continue to focus on the key direction of international photovoltaic power generation technology development and lead the continuous innovation and development of global photovoltaic power generation industrialization technology.
The efficiency of photovoltaic cells is further improved. Crystalline silicon cells will remain dominant for some time and will dominate with PERC technology. N-type crystalline silicon cells using TOPCon or HJT technology are expected to become the next mainstream photovoltaic cell technology after comprehensive consideration of efficiency, cost and scale, and good market competitiveness. As research hotspots, high-efficiency photovoltaic cells based on new material systems such as perovskite cells and tandem cells are expected to bring about the next step improvement in the conversion efficiency of photovoltaic cells after the gradual maturity of industrialization technology.
The "2023-2029 China Photovoltaic Industry Market Research Analysis and Investment Decision Recommendation Report" is an important achievement of Zhiyan Consulting, a powerful embodiment of Zhiyan Consulting's leading industry change, sending affection to the industry, and practicing its mission, and is also an indispensable and important tool for practitioners in the photovoltaic field to take the pulse of the industry. Zhiyan Consulting has formed a complete and three-dimensional think tank system, serving the government, enterprises, financial institutions, etc. for many years, providing science and technology, consulting, education, ecology, capital and other services.
Data Description:
1: The core data of this report is updated to December 2022, mainly Chinese mainland data, with a small amount of global and related regional data; The forecast range covers 2023-2029, and the data content involves photovoltaic installed capacity, product output of each link of the photovoltaic industry chain, photovoltaic power generation, and investment in photovoltaic power supply project construction.
2: In addition to first-hand research information and data, authoritative data sources such as the National Bureau of Statistics, China Customs, industry associations, and public reports of listed companies (prospectuses, transfer prospectuses, annual reports, inquiry reports, etc.) also constitute the data sources of this report. The first-hand information is derived from the first-hand information data obtained by the research team from interviews with key enterprises in the industry, and the main interview subjects are enterprise executives, industry experts, technical leaders, downstream customers, distributors, agents, dealers and upstream raw material suppliers. Secondary sources mainly include relevant industry news from around the world, company annual reports, non-profit organizations, industry associations, government agencies and third-party databases.
3: The core data of the report is based on the company's strict data collection, screening, processing, analysis system and independent measurement model to ensure the accuracy and reliability of statistical data.
4: The data used in this report are all from compliance channels, and the analysis logic is based on the professional understanding of the intellectual research team, which clearly and accurately reflects the research views of analysts.
Report Directory Framework:
Chapter 1 Overview of the development of the photovoltaic industry
Section 1 Definition and classification of photovoltaic industry
1. Industry definition
Second, there are three types of photovoltaic power generation
Third, the characteristics of the industry and its position in the national economy
Section 2 Statistical Standards for the Photovoltaic Industry
1. Research object
2. Report statistical calibre
3. Reporting data sources
Section 3 Analysis of Economic Indicators of China's Photovoltaic Industry
1. Profitability
Second, the growth rate
Third, the room for improvement of added value
Fourth, the industry cycle
Chapter Two: Photovoltaic Industry Market Environment and Impact Analysis (PEST)
Section 1 Political and Legal Environment of the Photovoltaic Industry (P)
1. Analysis of industry management system
2. Main laws and regulations of the industry
Third, photovoltaic industry standards
4. Industry-related development plans
5. The impact of the policy environment on the industry
Section 2 Analysis of Industry Economic Environment (E)
1. Analysis of the macroeconomic situation
Second, the impact analysis of the macroeconomic environment on the industry
Section 3 Analysis of Industry Social Environment (S)
First, the social environment of the photovoltaic industry
Second, the impact of the development of the photovoltaic industry on social development
Section 4 Industry Technical Environment Analysis (T)
First, photovoltaic technology analysis
Second, the main technology development trend of the industry
Third, the impact of the technological environment on the industry
Chapter Three: Analysis of the Development of the International Photovoltaic Industry and Experience Reference
Section 1 Analysis of the overall situation of the global photovoltaic market
First, the development characteristics of the global photovoltaic industry
Second, the global photovoltaic market structure
Third, the development analysis of the global photovoltaic industry
Section 2 Market Analysis of Major Global Countries
I, Japan
II. United States
Chapter Four: International Comparative Analysis of China's Photovoltaic Industry
Section 1 International comparative analysis of China's photovoltaic industry
First, the analysis of the competitiveness indicators of China's photovoltaic industry
Second, international comparative analysis of economic indicators of China's photovoltaic industry
Third, the comparison of the international competitiveness of the photovoltaic industry
Section 2 Analysis of market demand in the global photovoltaic industry
First, the current situation of market size
Second, demand structure analysis
Third, key demand customers
Section 3 Market Supply Analysis of Global Photovoltaic Industry
First, the current situation of new and cumulative installed capacity of photovoltaics
Second, the regional distribution of photovoltaic installed capacity
Third, the market price trend of photovoltaic main raw materials
Chapter Five: Analysis of the Operation Status of China's Photovoltaic Industry
Section 1 Analysis of the development status of China's photovoltaic industry
1. Overview of the photovoltaic industry in 2022
Second, the trend of the photovoltaic industry in 2022
Third, the overview of photovoltaic power generation industry
Fourth, the development characteristics of the photovoltaic industry
Fifth, the market prospect of the photovoltaic industry
Section 2 Analysis of the development status of China's photovoltaic industry
First, the analysis of production and demand of the photovoltaic industry
Second, the supply analysis of the photovoltaic industry
Third, the photovoltaic industry market competition analysis
Fourth, the analysis of the influencing factors of the photovoltaic industry
5. Potential market analysis of photovoltaic industry
Section 3 Analysis of the development environment of the mainland photovoltaic industry
1. Photovoltaic industry related policies
Second, the analysis of the investment environment of the photovoltaic industry
Third, the analysis of the trade environment of the photovoltaic industry
Fourth, photovoltaic industry resource and environmental analysis
Chapter Six: Analysis of the Overall Operation Index of China's PV Industry
Section 1 Analysis of the scale of China's photovoltaic industry
First, the number of photovoltaic power generation enterprises
Second, the scale of assets of the industry to which photovoltaic power generation belongs
Third, the scale of debt of the industry to which photovoltaic power generation belongs
Section 2 Financial Analysis of China's PV Industry
First, the income scale of the industry to which photovoltaic power generation belongs
Second, the profit scale of the industry to which photovoltaic power generation belongs
Third, the gross profit margin of the industry to which photovoltaic power generation belongs
Section 3 Analysis of the operating capacity of the industry to which the photovoltaic belongs
1. Industry accounts receivable turnover rate
Second, the total asset turnover rate of the industry
3. Industry liquidity asset turnover
Chapter Seven: Analysis of the Development of China's Distributed Photovoltaic Power Generation Industry
Section 1 Development history of distributed photovoltaic power generation industry
Section 2 Golden Sun Project and Photovoltaic Building Integration
First, the scale of Golden Sun and photovoltaic building integration projects
Second, the Golden Sun roof project has made achievements
Third, photovoltaic building integration has made achievements
Section 3 Development Status of Distributed Photovoltaic Power Generation Industry
First, the installed scale of distributed photovoltaic power generation
Second, the distribution of distributed photovoltaic power generation industry
Third, the installed capacity target of distributed photovoltaic power generation
Fourth, the economic benefits of distributed photovoltaic power generation
Section 4 Analysis of the problems of distributed photovoltaic power generation
Section 5 Prospect Forecast of Distributed Photovoltaic Power Generation Industry
First, distributed photovoltaic power generation industry planning
Second, the prospect of distributed photovoltaic power generation industry
Chapter VIII Analysis of the import and export situation of photovoltaic industries
Section 1 Analysis of solar cell imports from 2018 to 2022
1. Analysis of import quantities
Second, the analysis of changes in import amounts
3. Analysis of import source areas
4. Analysis of import price changes
Section 2 Analysis of solar cell exports from 2018 to 2022
1. Analysis of export quantities
Second, the analysis of changes in export amount
Third, the flow analysis of exporting countries
4. Analysis of export price changes
Section 3 Major problems in the export of mainland photovoltaic cell products
First, the degree of export dependence is high
Second, the structure of the export market is not stable
Third, the industry blindly expands production
Section 4 Suggestions on the export of photovoltaic cell products in mainland China
Chapter 9 Analysis of the Industrial Structure of the Photovoltaic Industry
Section 1 Structural Analysis of the Photovoltaic Industry Chain
Section 2: Value-added space for major links
Section 3 Correlation with upstream and downstream industries
Chapter 10: Mainland PV Segment Analysis and Forecast
Section 1 Analysis of polysilicon supply and demand and profitability level
First, polysilicon production capacity scale analysis
Second, polysilicon market demand analysis
Third, polysilicon import and export market analysis
Fourth, polysilicon market competition
5. Analysis of polysilicon profitability
6. Analysis of the development trend of polysilicon
Section 2 Analysis of supply and demand and profitability of silicon ingots/wafers
1. Analysis of silicon ingot/wafer supply
Second, silicon ingot/wafer demand analysis
Third, silicon ingot/silicon wafer competition analysis
4. Analysis of the profitability level of silicon ingots/wafers
Section 3 Analysis of solar cell supply and demand and profitability level
First, solar cell supply analysis
Second, solar cell market demand analysis
Third, solar cell market competition
Fourth, solar cell profitability level analysis
Chapter 11: PV Industry (Industry Clusters) and Regional Market Analysis
Section 1 Overview of the development of mainland photovoltaic industry clusters
First, the distribution of photovoltaic industry clusters in the mainland
Second, the problems in the development of photovoltaic industry clusters
Third, develop the advantages of photovoltaic industry clusters
Section 2 Analysis of the Development Characteristics of China's Photovoltaic Industry Clusters
First, the development characteristics of photovoltaic industry in the Yangtze River Delta
Second, the development characteristics of photovoltaic industry in the Pearl River Delta
Section 3 Analysis of China's Key Photovoltaic Industrial Parks
1. Changzhou Photovoltaic Industrial Park
2. Wuxi Photovoltaic Industrial Park
Chapter 12: Competitive Situation and Strategy of PV Industry from 2023 to 2029
Section 1: Analysis of the overall market competition of the industry
First, the photovoltaic industry competition structure analysis
Second, the analysis of the competition pattern between enterprises in the photovoltaic industry
Third, the concentration analysis of the photovoltaic industry
Fourth, photovoltaic industry SWOT analysis
Section 2 Analysis of the competitiveness of China's photovoltaic industry
First, the evaluation of the competitiveness of basic factors
Second, the core factor competitiveness evaluation
Third, the evaluation of competitiveness of environmental factors
Section 3 Analysis of mergers and acquisitions and reorganization in the photovoltaic industry
Section 4 Analysis of Competitive Strategy in the Photovoltaic Market
Chapter 13: Analysis of the Operating Situation of Leading Enterprises in China's Photovoltaic Industry
Section 1 Analysis of leading PV module supply enterprises
1. Shenzhen Tuori New Energy Technology Co., Ltd
2. Yingli Green Energy Holdings Limited
3. Canadian Solar Power Group Co., Ltd
Section 2 Analysis of Inverter Leading Enterprises
1. SMA Company
2. Sungrow Power Co., Ltd
3. Shenzhen Hewang Electric Co., Ltd
Section 3 Analysis of Leading Enterprises in New Photovoltaic Materials
1. Hangzhou Foster Applied Materials Co., Ltd
2. DuPont China Group Co., Ltd
Section 4 Analysis of Leading Enterprises in the Supply of Photovoltaic Equipment
1. Zhejiang Jinggong Integration Technology Co., Ltd
2. North Huachuang Technology Group Co., Ltd
3. Jiangsu Huasheng Tianlong Optoelectronic Equipment Co., Ltd
14. PV Industry Outlook and Trend Forecast 2023-2029
Section 1 Development prospects of the photovoltaic market from 2023 to 2029
First, the development potential of the photovoltaic market from 2023 to 2029
Second, the development prospect of the photovoltaic market from 2023 to 2029
Third, the development prospect analysis of the photovoltaic segment industry from 2023 to 2029
Section 2 Forecast of PV Market Development Trend from 2023 to 2029
First, the development trend of the photovoltaic industry from 2023 to 2029
Second, the installed capacity forecast of the photovoltaic market from 2023 to 2029
Third, the application trend forecast of the photovoltaic industry from 2023 to 2029
4. Forecast of major product trends in the photovoltaic industry from 2023 to 2029
Section 3 Supply and demand forecast of China's photovoltaic industry from 2023 to 2029
1. China's photovoltaic power generation forecast from 2023 to 2029
Second, China's new installed capacity of photovoltaic power generation from 2023 to 2029 forecast
3. New installed capacity and growth rate of mainland PV from 2018 to 2022
Section 4: Key trends affecting the production and operation of enterprises
First, the growth trend of market integration
2. Demand trends and forecasts of new business opportunities
Third, the trend of regional market expansion of enterprises
Fourth, the trend of scientific research and development and the progress of alternative technologies
Chapter 15 Research Conclusions and Investment Recommendations
Section 1 Research conclusions and suggestions of the photovoltaic industry
Section 2 Research conclusions and suggestions of photovoltaic sub-industry
Section 3 Investment Suggestions for the Photovoltaic Industry
1. Suggestions on industry development strategies
Second, the industry investment direction suggestions
3. Suggestions on industry investment methods
Table of Figures: section
Figure 1: Cumulative installed capacity of PV in selected countries around the world from 2018 to 2022
Figure 2: Country distribution of global cumulative installed capacity of PV in 2022
Figure 3: Cumulative installed capacity of PV in Japan from 2018 to 2022
Figure 4: Cumulative installed capacity of PV in the United States from 2018 to 2022
Figure 5: Statistical chart of product output of each link of the mainland photovoltaic industry chain from 2018 to 2022
Figure 6: Development history of mainland PV industry
Figure 7: Investment in China's PV power generation project construction from 2018 to 2022
Figure 8: China's PV industry power generation from 2018 to 2022
Figure 9: Mainland PV installed capacity trend chart from 2018 to 2022
Figure 10: Breakdown of China's installed PV capacity from 2018 to 2022
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