Source: IEA, China Business Industry Research Institute

The key to achieving the carbon neutrality target lies in electrification and ensuring that most of the electricity comes from zero-carbon sources. China's energy structure is still dominated by coal, and in 2020 China's total energy consumption will be 4.98 billion tons of standard coal, an increase of 2.2% over the previous year. Among them, coal consumption accounts for 56.8% of total energy consumption, oil consumption accounts for 18.9% of total energy consumption, natural gas consumption accounts for 8.4% of total energy consumption, and primary electricity and other energy consumption accounts for 15.9% of total energy consumption. Significantly increase the proportion of zero-carbon resources in electricity, the transformation of new energy generation as the way to achieve "zero-carbon electricity".

Source: National Bureau of Statistics, China Business Industry Research Institute

To reduce carbon emissions and achieve the goal of carbon neutrality, clean alternatives should first be realized at the power generation end. Photovoltaic power generation uses advanced technology to directly convert sunlight into electricity by using the photovoltaic effect at the semiconductor interface. In the operation process, there is no mechanical rotating part, no fuel will be consumed and no pollutant will be emitted, so it is a truly noiseless and pollution-free clean energy. Photovoltaic power generation is truly clean and renewable, and is not affected by factors such as geography and altitude. Therefore, photovoltaic is a key clean energy supported by the state, and photovoltaic cells are an important part of the photovoltaic industry. Photovoltaic will become the absolute main force of carbon neutral, which will indirectly favor the development of photovoltaic battery industry.

Second, the development of photovoltaic cell industry is based on good

1, photovoltaic cell production is growing steadily

In recent years, with the development and growth of China's photovoltaic industry, the production of photovoltaic cells has been increasing. Data show that China's photovoltaic cell production from 7681.0 million kilowatts in 2016 to 15728.6 million kilowatts in 2020. 2021, China's photovoltaic cell production reached 23405.4 million kilowatts, an increase of 42.1%.

Data source: National Bureau of Statistics, China Business Industry Research Institute collated

2, photovoltaic cell export scale expansion

Data show that China's photovoltaic cell exports increased from 772 million in 2016 to 3.201 billion in 2021. Export value increased from 11.318 billion U.S. dollars in 2016 to 28.459 billion U.S. dollars in 2021.

Data source: General Administration of Customs, China Business Industry Research Institute collated

3, photovoltaic battery enterprises increased

Enterprise data show that in recent years, in the context of low-carbon emission reduction, China's photovoltaic battery enterprise registration shows a growth trend, in 2016 the number of photovoltaic battery-related enterprise registration only 3925, to break through 6334 in 2020. 2021 is a year of rapid development of the photovoltaic industry, especially the introduction of the national distributed photovoltaic whole county to promote the pilot project, promoting the development of the photovoltaic industry, but also In 2021, the number of PV battery-related enterprise registrations increased significantly, with 13532 new companies.

Data source: Enterprise Search, China Business Industry Research Institute

Third, the development prospects of photovoltaic cell industry in the context of carbon neutrality

1、Policy supports the development of photovoltaic battery industry

Industrial policies and related industry standards to encourage and guide the development of photovoltaic battery industry is an important thrust. China has introduced a series of industrial policies to promote the orderly and healthy development of the industry and continue to promote technological innovation in the industry. In order to accelerate the realization of the "double carbon" goal, it is expected that relevant policies will be introduced later to promote the development of the photovoltaic battery industry.

Source: China Business Industry Research Institute

2、The potential of new installed capacity of photovoltaic provides a broad space for the development of photovoltaic cells

Carbon neutral commitment for China's new energy leapfrog development, photovoltaic will usher in a broad space for growth. 2021, the national PV new installed capacity of 54.88GW, the most annual production since the calendar year, of which, PV power plants 25.60GW, distributed PV 29.28GW. by the end of 2021, the cumulative installed capacity of photovoltaic power generation 306.56GW. CPIA forecast, conservative CPIA predicts that in 2030, China will have 105GW of new installed PV capacity, and in 2030, China will have 128GW of new installed PV capacity, which will provide a wide development space for PV cells.

Data source: CPIA, China Business Industry Research Institute

For more information, please refer to the "China Photovoltaic Battery Industry Market Outlook and Investment Opportunities Research Report" released by China Business Industry Research Institute, which also provides industrial data, industrial intelligence, industrial research reports, industrial planning, park planning, 14th Five-Year Plan, and industrial investment attraction services.