A few days ago, the latest report "Global Photovoltaic Market: Five Trends Worth Watching in 2023" released by Wood Mackenzie's global wind power research team provides insight into the latest predictions of the market.
● Components
In its report, Wood Mackenzie said that from the perspective of photovoltaic cell module technology, the development speed of TOPcon technology will surpass that of HJT technology in 2023.
The report also focuses on the analysis of the US market. The analysis team pointed out that based on the requirements of localized manufacturing in the US, it is estimated that by the end of 2023, the production capacity of photovoltaic modules in the US will exceed 15GW.
● Inverter
In terms of inverter products, the report pointed out that strong policies will promote the development of photovoltaics and boost the growth of the inverter and bracket market.
Among them, the household photovoltaic inverter market is expected to develop further, and the global chip shortage will continue.
● Tracking bracket
In addition, tracking brackets are also an equipment sector that cannot be ignored. With the growth of the global photovoltaic market, the bracket market will also grow accordingly. At the same time, tracking brackets are also encouraged from the policy level. The US IRA and other policies encourage the production of tracking brackets in the United States, and the supply and demand of steel and tracking brackets will tend to be stable.
● Photovoltaic construction cost
Regarding the cost of photovoltaic construction, Wood Mackenzie said that it may return to the trend of cost decline. The United States will impose tariffs on imported photovoltaic modules, and developers can realize preferential tax credits brought about by the IRA policy.
● European PV
The European photovoltaic market is a key market this year. On the one hand, the region is expected to rebuild the photovoltaic industry and restore its status as a manufacturing center, but on the other hand, it faces fierce competition from the Asia-Pacific market.