In 2022, the photovoltaic industry chain has experienced the impact of multiple factors such as epidemics, earthquakes, and power cuts. Silicon materials give full play to its bottleneck role, restricting the actual output of modules from the raw material side, and the intensified energy crisis in Europe has boosted the demand for photovoltaic industry chains. Intensifying the tense market supply atmosphere, the price of the industry chain remains high.
The bottleneck in the supply of silicon materials has been lifted. It is expected that in Q1 2023, when there is a certain pressure on the inventory of various links in the industrial chain, the price of silicon materials will enter a steady decline, which will further stimulate the demand for terminal installations.
The supply of high-purity quartz sand raw materials is tight, and it is expected to replace silicon materials to limit the effective production capacity of silicon wafers, and the cost of silicon wafers may rise.
The tight supply of large-size PERC cells may continue. It is expected that the capacity expansion in 2023 will be dominated by N-type cells, while the PERC capacity expansion will be stagnant. Large-size PERC cells may have a tight balance between supply and demand in 2023. Mainly focus on the actual output and order visibility of TOPCON cells.
The supply of particle production is still tight, and the accelerated development of N-type drives the demand for POE film.
However, under the stimulation of high prices, all links have upward elasticity of supply. It is expected that the global photovoltaic installed capacity will be between 330-360GW in 2023.