Overview of photovoltaic industry development

According to the data, the photovoltaic industry is still in a period of high growth, stimulating the rapid growth of Photovoltaic Cable market demand.

The latest data from the National Energy Administration show that in the first quarter of 2023, the country's new photovoltaic grid connection of 33.66 million kilowatts, an increase of 154.8%. China Photovoltaic Industry Association data show that in March, the national inverter output increased 30.7% month-on-month, an increase of 95.8% year-on-year.

Over the past decade, China's photovoltaic industry has grown from scratch and has developed into 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 reform, but also a strategic emerging industry that China has achieved a leading advantage in the world. It can be predicted that under the two-wheel drive of policy support and technological innovation, the photovoltaic industry will be stable and long-term in gradual maturity.

In terms of policy, the photovoltaic industry, under the guidance and support of national policies, is comprehensively heading for the fast track of development. In the past ten years, the scale of China's photovoltaic market has continued to expand, and the new installed capacity has continued to break through a record high. Recently, the "2023 Energy work Guidance" issued by the National Energy Administration proposed that the new installed capacity of wind power photovoltaic reached 160 million kilowatts in 2023, which will continue to hit a record high.

In terms of technological innovation, China's photovoltaic industry has continued to make breakthroughs in key core technology fields, relying on independent and controllable patented technology and scale advantages, power generation costs have fallen by about 80% compared with ten years ago, and the decline is the highest in a variety of 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, China's photovoltaic cable output 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 rapid growth.

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