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Global photovoltaic market remain strong in 2023

Global photovoltaic market remain strong in 2023

  • Aug 22, 2023

The demand in the global photovoltaic market continues remain strong in 2023. China is the largest application market for photovoltaics and the largest manufacturing base in the world. Globalization is also one of the main directions for the future development of Chinese photovoltaic enterprises.

China's photovoltaic industry chain is complete, covering silicon materials-silicon wafers-cells-modules, and has the advantages of industrial linkage. At the same time, photovoltaic technology has a deep accumulation and a relatively solid industrial foundation. Some companies have invested and built factories overseas.

In the context of global carbon neutrality, many countries and regions regard the development of renewable energy including photovoltaics as an important part of their carbon neutrality path. Driven by breakthroughs in renewable energy technology and policy tools, the global photovoltaic market has maintained a good momentum of development.

The China Chamber of Commerce for Import and Export of Machinery and Electronic Products released the "White Paper on the External Development of China's Photovoltaic Industry" this year, pointing out that in the next 10 years, the global photovoltaic application market will still maintain a high demand. It is recommended that Chinese photovoltaic enterprises actively participate in the formulation of international standards for the photovoltaic industry; guide and encourage enterprises Increase investment in research and development, improve awareness of intellectual property rights strategy; establish a green and low-carbon certification standard system for photovoltaic products, and promote the docking of green and low-carbon trade rules and mechanisms at home and abroad.

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