Institution: It is expected that the newly installed capacity of photovoltaics will maintain a growth rate of 5% to 10% this year.

On July 24, Yao Yao, chief analyst of the new energy and power equipment industry at Guojin Securities, stated at a photovoltaic industry supply chain development seminar that, against the backdrop of a significant decrease in the cost of photovoltaic energy storage systems, it is expected that the distribution of new photovoltaic installations will continue to be diverse. The three traditional markets of China, Europe, and the United States, due to their large scale, will see a gradual stabilization in installation growth rates, while regions such as the Middle East, Central Asia, South Asia, Latin America, and Africa are expected to achieve high-speed growth under a low base due to factors such as energy transition and resource advantages. It is estimated that the growth rate of new photovoltaic installations will be maintained at 5% to 10% by 2025, and the demand for photovoltaic components is expected to increase.