The photovoltaic new energy industry is booming and the Chinese market continues to expand

1. Brief description of the industry
The photovoltaic new energy industry refers to the technology and industry that uses the photovoltaic effect to convert solar energy into electrical energy. The photovoltaic effect refers to the process of directly converting solar radiation energy into direct current by utilizing the photoelectric conversion properties of semiconductor materials. The photovoltaic new energy industry covers photovoltaic cells, photovoltaic modules, photovoltaic power generation systems and related technology research and development, equipment manufacturing, installation, operation and maintenance and other fields.
The photovoltaic new energy industry has the characteristics of clean, renewable and distributed. Cleanliness is reflected in the fact that no pollutants are produced during the photovoltaic power generation process and it is environmentally friendly. Renewability means that solar energy, as an infinite resource, can be continuously used for a long time. The distributed characteristics allow photovoltaic systems to be flexibly installed in various places to achieve nearby power supply. , reduce energy transmission losses.

2. Market background
business background
With the transformation of the global energy structure and the improvement of environmental awareness, the photovoltaic new energy industry has developed rapidly. Especially under the guidance of the "carbon neutrality" goal, photovoltaics, as an important component of clean energy, has received great attention and strong support from governments around the world. As one of the world's largest photovoltaic markets, the development of China's photovoltaic new energy industry is of great significance to the global energy transformation.
China's solar power generation industry has shown significant growth momentum in recent years, thanks to continued technological advancement, firm government support and the increasing maturity of the market. Specific data shows that in 2023, the cumulative value of my country's solar power generation reached 293.97 billion kilowatt-hours, and the total at the end of the period increased by 17.2% compared with the previous year. This significant growth figure not only reveals the activity of China's solar power industry, but also indicates the broad prospects for this field in the future.
According to the "China Solar Power Generation Market Analysis and Investment Prospects Research Report 2024-2030" released by Boss Data, the cumulative value of my country's solar power generation in 2023 will reach 293.97 billion kilowatt-hours), with the total at the end of the period increasing by 17.2% compared with the previous year.
According to the solar power generation market analysis report released by Boss Data, the statistics of solar power generation investment data in various provinces and cities across the country in 2023 are as follows:

3. Market Current Situation
Development status
In recent years, China's photovoltaic new energy industry has shown rapid development. The scale of photovoltaic power plant construction continues to expand, the technical level continues to improve, and the cost gradually decreases. At the same time, photovoltaic application scenarios are also constantly expanding. In addition to traditional centralized photovoltaic power stations, new models such as distributed photovoltaics, agricultural photovoltaic complementation, fishery photovoltaic complementation, etc. are constantly emerging. In addition, the combination of photovoltaics with energy storage, hydrogen energy and other technologies has also injected new impetus into the development of the photovoltaic new energy industry.
Market size and trends
China's photovoltaic new energy market continues to expand and has become one of the largest photovoltaic markets in the world. According to statistical data, China's cumulative installed photovoltaic capacity has exceeded XX GW, and its proportion of the world's total installed capacity has increased year by year. In the future, with the continuous advancement of photovoltaic technology and further reduction of costs, the scale of the photovoltaic new energy market is expected to continue to maintain rapid growth.

4. Development prospects
China's photovoltaic new energy industry has broad development prospects. With the transformation of the global energy structure and the improvement of environmental awareness, photovoltaics, as a representative of clean energy, will occupy an important position in the future energy system. At the same time, the Chinese government will continue to increase support for the photovoltaic new energy industry and promote photovoltaic technology innovation and industrial upgrading. In addition, with the continuous expansion of photovoltaic application scenarios and the integration of photovoltaics and other energy technologies, the photovoltaic new energy industry will usher in more development opportunities.

To sum up, China's photovoltaic new energy market is in a golden period of rapid development, with the market scale continuing to expand and the competition becoming increasingly fierce. However, with technological advancement and policy support, the photovoltaic new energy industry is expected to achieve broader development in the future. During this process, Bosi Data will continue to pay attention to industry trends and provide relevant companies and investors with accurate and timely market analysis and suggestions.