The High Growth of the Photovoltaic Industry Stimulates the Market Demand for Photovoltaic Cables
Recently, a series of data show that the photovoltaic industry is still in a period of high growth, stimulating the rapid growth of market demand for photovoltaic cables.
According to the latest data from the National Energy Administration, in the first quarter of 2023, 33.66 million kilowatts of new photovoltaic grids were connected to the national grid, a year-on-year increase of 154.8%. According to data from the China Photovoltaic Industry Association, the country's inverter production in March increased by 30.7% month-on-month and 95.8% year-on-year.
In the past ten years, China's photovoltaic industry has grown from scratch and become a global giant. As one of the symbols of China's advanced manufacturing industry, the photovoltaic industry is not only an important engine to promote China's energy transformation, but also a strategic emerging industry for China to achieve leading advantages in the world. It is foreseeable that under the dual drive of policy support and technological innovation and change, the photovoltaic industry will gradually mature in a stable and far-reaching way.
In terms of policies, under the guidance and support of national policies, the photovoltaic industry is fully moving towards the fast track of development. Over the past ten years, the scale of China's photovoltaic market has continued to expand, and the number of new installed capacity has continued to break through record highs. Recently, the "2023 Energy Work Guidelines" issued by the National Energy Administration proposed that the new installed capacity of wind power and photovoltaic will reach 160 million kilowatts in 2023, which will continue to hit a record high.
In terms of technological innovation, China's photovoltaic industry continues to make breakthroughs in key core technology fields. Relying on independent and controllable patented technologies and scale advantages, the cost of power generation has fallen by about 80% compared with ten years ago, with the highest drop among various renewable energy sources.
According to statistics, China's photovoltaic cable market is still in a stage of rapid development. According to relevant data, as of 2022, the photovoltaic cable production in China has reached 4.286 million tons. With the continuous development of the photovoltaic industry and the increasing demand for energy use, China's photovoltaic cable market will continue to maintain a rapid growth trend.
From the perspective of the global photovoltaic cable market, the demand in the European and American markets is relatively stable. As the world's largest photovoltaic power generation market, China occupies an important position in the global photovoltaic cable market. Due to the late start of China's photovoltaic industry, there is still a certain gap between the industrial scale and technical level compared with foreign countries. In the future, with the continuous development of China's photovoltaic industry, China's photovoltaic cable industry will still be in a stage of rapid development.
According to relevant data, the scale of China's photovoltaic cable market continues to expand, and the number of enterprises continues to increase. It is expected that the scale of China's photovoltaic cable market will reach 18.56 billion yuan in 2023. In the next few years, China's photovoltaic cable market will maintain a rapid growth trend.
In the process of rapid development of the photovoltaic industry, the photovoltaic cable industry has also ushered in a major development opportunity. The installed capacity of photovoltaic power generation in China continues to grow. At the same time, distributed photovoltaics in China has also entered a period of rapid development. Distributed power plants will be the main force in the photovoltaic power generation market for a long time in the future, which will drive a large increase in cable demand.
In addition, the implementation of policies such as the ”dual-carbon" strategy and the construction of new urbanization has accelerated the construction of China's power grid, which will also drive the demand for photovoltaic cables to increase.
There are also problems of overcapacity and low industry concentration in the photovoltaic cable industry. To obtain more market share, some companies have vicious competition at low prices, which makes the market order more chaotic. At present, China's photovoltaic cable industry has the characteristics of being "small, scattered, and chaotic", and the homogeneous competition is more serious.
In recent years, to implement the national strategic deployment of the "dual carbon" goal and promote the green and low-carbon transformation of energy, the Chinese government has introduced a series of policies and measures. In the next few years, new energy industries such as photovoltaic, wind power, and energy storage will maintain a rapid growth trend, and the rapid development of their industries will promote the development of photovoltaic cable enterprises.
Source: https://mp.weixin.qq.com/s/j8Gzxx7_RTSbKGOsH8Txow
