Prospects of photovoltaic battery industry chain

Does China have a competitive advantage in the photovoltaics industry?

With decades of development and technological maturity, China's photovoltaics industry has a competitive advantage in terms of both technology and cost. Furthermore, China's vast territory and abundant light resources position the PV industry for structural growth over the next 40 years under the backdrop of carbon neutrality.

What is the intelligent PV industry?

The concept of the intelligent PV industry was introduced in 2018, encouraging the integration of artificial intelligence, big data, and other technologies with the PV industry to enhance its position in the global value chain. New forms of PV utilization, such as energy internet, smart energy, and new energy microgrids, were proposed.

What are the challenges facing the PV sector?

Eventually, this will result in hampering the development of the PV sector over the next few decades. Mitigation of the potential barriers, including policy, technology, social, and economic, would boost the deployments and could provide increased energy transformation at a global level.

How has the domestic PV market changed over the past 5 years?

During this period, the domestic PV market experienced rapid development. The 12th Five-Year Renewable Energy Development Plan issued by the NEA proposed a 70-fold increase in installed solar PV capacity over the five years compared to the target set during the 11th Five-Year Plan.

What is the global PV market growth rate?

Figure 1.5 illustrates the growth of the worldwide PV market since 2000 ( IRENA, 2016; 2020 ). In the last decade, the PV sector reported a cumulative global PV growth rate of 40% per year. Since the start of 2013, countries in Latin America, Asia, Africa, and America have initiated rapid deployments.

Is solar PV a good investment for business and policy makers?

As from our point of view the development of renewable industries such as solar PV should be of vital interest for business and policy makers in light of global warming, cleaner production and also against the background of interesting business opportunities which contribute to economic and societal prosperity.