The structure of the photovoltaic industry chain: The photovoltaic industry chain includes crystalline silicon raw material production, silicon wafer cutting, battery manufacturing and assembly, system integration and other links. Cost drivers: The main drivers of the cost structure include system depreciation, energy and silicon raw materials. Supply chain and market development: The situation of the photovoltaic industry supply chain, the current status and challenges of market development, including the demand for silicon raw materials and silicon wafers, and the profitability of photovoltaic power station operations. Future development direction of the industry: The medium-term development goal of the photovoltaic industry is the operation of market-oriented photovoltaic power stations and BIPV, but it is currently facing the challenge of insufficient profitability.

Global PV installations in 2023 reached a record 447 GW, an 87% increase from 2022. China dominated with 57% of installations (253 GW), followed by the US (32.4 GW). European demand surged due to energy price increases, with small-scale PV installations reaching 18 GW. While cumulative capacity is projected to reach 2 TW by year's end and annual installations of 1 TW by 2028, the lack of emerging market participation suggests potential future growth slowdown.