PEDF System Market Summary
According to the new market research report “Global PEDF System Market Report 2024-2030”, published by QYResearch, the global PEDF System market size is projected to reach USD 510 billion by 2030, at a CAGR of 9.7% during the forecast period.
Due to the different development stages of the four main technologies of light, storage, direct, and flexible, the light storage direct flexible system products included in this report include the main equipment and control software used for all construction markets for each technology.
Figure. Global PEDF System Market Size (US$ Million), 2019-2030
Above data is based on report from QYResearch: Global PEDF System Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Figure. Global PEDF System Top 13 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global PEDF System Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of PEDF System include LONGi, Trina Solar, JA Solar, CATL, JinkoSolar, Canadian Solar, BYD, LG Energy Solution, Samsung SDI, Delian Software, etc. In 2023, the global top 10 players had a share approximately 51.0% in terms of revenue.
Figure. Global PEDF System Top 13 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
According to QYResearch Top Players Research Center, the global key manufacturers of PEDF System include LONGi, Trina Solar, JA Solar, CATL, JinkoSolar, Canadian Solar, BYD, LG Energy Solution, Samsung SDI, Delian Software, etc. In 2023, the global top 10 players had a share approximately 51.0% in terms of revenue.
Market Drivers:
Global industrial transfer and consumption upgrading. By utilizing the "price incentive mechanism" through market means, the value of photovoltaic storage and flexible building technology for grid peak shaving and photovoltaic consumption can be realized through electricity trading or carbon trading markets, while cultivating market entities.
The market space for photovoltaic storage and flexible systems is enormous, with good economic benefits for photovoltaic storage and flexible projects in rural areas and abundant rooftop resources, providing ample market space.
New directions for building energy conservation: In the context of building electrification, considering the marginal cost reduction of renewable energy, the role of building load flexibility in the future will even exceed the role of energy efficiency improvement. In the future, buildings will integrate photovoltaic, energy storage, electric vehicles, and electricity consumption, gradually shifting from a simple energy user to a two-way producer and consumer. "Light storage direct flexible" technology is a new type of building distribution technology that further realizes the substitution of electricity and friendly interaction with the power grid on the basis of improving building energy efficiency. It is a new direction for building energy conservation.
Restraint:
Industry barriers: For new entrants, they face multiple challenges such as technological barriers, talent barriers, funding barriers, experience barriers, and industry chain barriers. There is a significant gap between the technological level and comprehensive strength of domestic enterprises and international leading enterprises, with new entrants constantly entering and competition becoming increasingly fierce.
High end optical storage direct flexible system talents are scarce.
Economic barriers: Users do not see significant effectiveness and have low recognition. Photovoltaic power generation can calculate profits, but how to obtain economic benefits from flexibility and how to calculate them is a major challenge. For urban buildings, flexible investment is more than photovoltaic, and its economic benefits cannot be calculated.
Technical obstacles: Security protection and other measures have been basically implemented, but regulatory strategies still need to be refined. How to reduce transformer losses and improve system efficiency are issues that need to be overcome. In addition, the security of distributed energy storage also needs to be further improved in the future.
Product standardization restrictions: The DC electrical industry chain is far from mature, has not formed a series of products, and currently has no large market scale, which cannot meet the needs of bidding and procurement.
Lack of reference standards for implementation: Lack of unified quantitative evaluation for direct and flexible carbon reduction of solar energy storage, unable to effectively account for its contribution to power grid regulation. Standardization process bottlenecks, product standards, design standards, operational standards, and so on. On the one hand, the country urgently needs overall green and low-carbon development. On the other hand, the flexibility and carbon reduction performance of buildings have not been recognized and fully utilized.
Market Trend:
The development opportunities in rural areas are enormous: rural areas have abundant rooftop resources for installing photovoltaics, which can benefit from the installation of equipment. This is a huge advantage of rural development of "light storage, direct and flexible" technology. However, how to make good use of rooftop resources and improve the utilization rate of rural rooftop resources, comprehensive electrification and energy transformation in rural areas are major projects that require deep cooperation in multiple disciplines and fields to make scientific, complete, and feasible overall plans and regional level demonstrations.
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