What is the outlook for the photovoltaic market in 2023?

SMM reviewed the photovoltaic market in 2023 and make an outlook for the market in 2024. Polysilicon prices plunged in 2023 As the upstream raw material of the photovoltaic industry chain, polysilicon has finally lost its glory in 2022 due to oversupply in the market in 2023. The price has experienced many rounds of rises and falls.

Are crystalline silicon solar cells a revolution?

Over the past decade, a revolution has occurred in the manufacturing of crystalline silicon solar cells. The conventional “Al-BSF” technology, which was the mainstream technology for many years, was replaced by the “PERC” technology.

Is the price of polysilicon stable in 2024?

But the overall current price of polysilicon remains stable. In 2024, SMM understands that according to the polysilicon production plans disclosed by various companies, the nominal polysilicon production capacity will reach about 3.17 million mt by the end of 2024, which will meet the installed capacity of 1,400GW.

What is the market share of Topcon solar cells in 2022?

The introduction of TOPCon technologies in the solar cell market led to an increase in the use of n-type silicon, approaching 17% in 2022. As discussed in the previous section, the market share of TOPCon solar cells is likely to rapidly increase in the upcoming years.

What is the scope of a silicon market analysis?

The scope of the analysis includes the silicon crystal structure, cell architecture, and dopant types. This analysis highlights some significant discrepancies between the historically projected market shares and the market shares that were eventually realized. The discrepancies come in two forms.

Will the Topcon solar cell market grow in a decade?

The ITRPV predictions for the TOPCon solar cell market closely match the estimated actual market shares for the technology so far. This suggests that the rapid growth in TOPCon market share might be maintained, potentially approaching 60% within a decade.