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Future development trends of the photovoltaic industry

In recent years, the photovoltaic industry has continued to heat up globally, and its future development trends have attracted much attention. Technological innovation, expansion of application scenarios and global layout have become the key forces driving the industry forward. ​
In the field of technological innovation, photovoltaic cell upgrades are a highlight. At present, N-type TOPCon batteries have gradually dominated the market, and the penetration rate of HJT batteries in the distributed field is also on the rise. It is worth mentioning that perovskite batteries have made rapid progress, and their mass production efficiency has now reached 33.7%. It is expected that by 2030, the cost is expected to drop to 0.8 yuan/W. At the same time, the trend of energy storage integration is obvious. Long-term energy storage is expected to be commercialized in 2025, and sodium-ion batteries will also be used on a large scale, which will drive the cost of photovoltaic storage systems to continue to decline. Not only that, technologies such as the Internet of Things and AI are helping photovoltaic power stations to achieve intelligent management and significantly reduce operation and maintenance costs. ​
From the perspective of application scenarios, the boundaries of the photovoltaic industry are constantly expanding. The BIPV (building integrated photovoltaic) market is growing rapidly and is expected to exceed 50 billion in 2025. Its close integration with buildings shows broad application prospects. The photovoltaic hydrogen storage coupling model has also emerged. Photovoltaic hydrogen production not only helps solve the problem of power consumption, but also provides strong support for industrial decarbonization. In addition, industrial, commercial and household distributed photovoltaics continue to grow, microgrid projects are constantly being implemented, and virtual power plants are also beginning to participate in power trading. ​
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