PV Industry Into the “Ice Age”


2024-06-14 10:07

At present, the PV Industry has experienced the strongest shock in history, and the supply and demand are seriously mismatched. All the signs indicate that the industry has entered the “ice age”. Up to now, the four major links of silicon material, silicon wafers, batteries and components have basically fallen below cash costs, and the whole industrial chain is under collective pressure. In the current shock cycle of the PV industry, the overall production capacity has expanded by about three times, but the profit margin has fallen by about 70%.

The current PV industry has three characteristics. First, the existing market mismatch feedback does not affect the high growth trend of the industry. Photovoltaic demand will still maintain high growth but the growth rate is slowing down slightly. Second, the industry has entered a new quality productivity period, and a window of revolutionary breakthroughs in photovoltaic technology is coming, leading to the innovative configuration of production factors and the simultaneous occurrence of in-depth transformation and upgrading of the industry. Third, photovoltaic will be deeply embedded in the construction of a new power system, the formation of grid interconnection, source network load storage balanced development, light storage hydrogen alcohol ammonia, light storage charging and switching inspection and cloud integration of the coupling of the new path.

Against the backdrop of deeper and deeper competition in the industry, going out only can find opportunities in danger. At present, the global industrial chain is deeply restructured, and it is inevitable that China's photovoltaic industry will fully go out seas. Unlike in the past, the new round of PV sea green low-carbon attribute is the most important global passport. In the face of new barriers to global trade such as carbon tariffs and carbon emission verification, carbon footprint has become a "hard constraint" indicator for the global competitiveness of products.

High-carbon products will lose their competitiveness due to "high carbon price", and ultra-low carbon footprint and strict carbon chain management will have a future. Juncess Energy will also continue to innovate technological and expand new quality productivity, in order to build a low-carbon new world.