Introduction: The Photovoltaic Industry in Controversy
In recent years, discussions about the “decline of the photovoltaic (PV) industry” have intensified. Keywords such as overcapacity, fierce price wars, and corporate losses frequently dominate headlines, with some even declaring the industry has entered its “darkest hour.” However, as a core sector of the global new energy revolution, the reality of the PV industry is far more complex than it appears. Xinruida Graphite, a high-tech enterprise specializing in graphite materials and advanced thermal field components, offers a technical perspective and industry insights to reveal that the PV industry is not approaching its end but undergoing cyclical adjustments and structural upgrades, with immense potential yet to be unleashed.
I. Current State of the PV Industry: Challenges and Opportunities Coexist
- Short-Term Challenges: Overcapacity and Price Pressures
The PV industry currently faces cyclical headwinds:- Overcapacity: Global PV module shipments exceeded 600GW in 2023, but slowing demand growth has triggered a collapse in prices for silicon materials and modules. For instance, polysilicon prices plummeted from 303 RMB/kg in 2022 to 39 RMB/kg in 2024, forcing some companies to reduce production or exit the market.
- Industry Consolidation: Leading players maintain competitiveness through technological innovation and cost control, while smaller manufacturers with outdated technology or weak finances face淘汰, driving higher industry concentration.
- Long-Term Potential: Demand Growth and Technological Evolution
From a global energy transition perspective, the growth fundamentals of the PV industry remain intact:- Soaring Installation Demand: Global new PV installations reached 375GW in 2023 and are projected to hit 560GW by 2025, with China remaining the core market, accounting for over 40% of global additions.
- Technological Breakthroughs: Innovations like BC (Back Contact) cells, HJT (Heterojunction Technology), and perovskite tandem cells are pushing conversion efficiencies beyond 24%, further reducing levelized cost of electricity (LCOE).
- Policy Support: Initiatives such as China’s “Dual Carbon” goals and the EU’s Renewable Energy Directive reinforce PV’s role, expected to grow from 5% of the energy mix in 2023 to over 50% by 2044.
II. Xinruida Graphite: Empowering Industry Upgrades Through Innovation
As a key upstream materials supplier, Xinruida Graphite drives industry advancement via breakthroughs in material science and precision manufacturing.
- Graphite Heaters: Cornerstones of High-Temperature Thermal Stability
Critical to monocrystalline silicon pulling and polysilicon casting processes, Xinruida’s graphite heaters enhance silicon wafer quality and production efficiency:- Material Innovation: High-purity isostatic graphite (carbon content ≥99.9%) with gradient density design withstands temperatures up to 3000°C, improves thermal shock resistance by 200%, and extends service life by 40%.
- Precision Engineering: Multi-axis CNC machining ensures ±0.02mm tolerance, enabling 15% faster silicon crystal growth and 98% crystallization rates.
- Customization: Full-parameter customization (size, shape, specifications) with 7-day rapid delivery supports fast-paced industry迭代.
- Technological Moats: Full-Chain Innovation from Materials to Quality Control
- Material Processing: Ultra-low impurities (<0.5ppm) and density fluctuation control (±0.02g/cm³) ensure product consistency.
- Digital Quality Systems: Big data traceability achieves ≥99.97% dimensional accuracy and client defect rates below 50ppm.
III. The Future: Structural Recovery and Xinruida’s Strategic Vision
- 2025 Outlook: Supply-Demand Rebalance and Tech-Driven Growth
- Price Stabilization: Dongwu Securities forecasts silicon wafer and module prices to rebound by 2025, with industry self-regulation and policy curbs on new capacity driving profitability for leaders.
- New Tech Scaling: BC and HJT adoption will fuel equipment expansion cycles, boosting Xinruida’s thermal component orders by 30%.
- Xinruida’s Green Manufacturing and Global Expansion
- Circular Economy: 95% graphite waste recycling and 30% energy savings via waste heat recovery systems.
- Global Reach: Partnerships across 30+ countries, with 15% market share in Europe’s high-end sector.
IV. Conclusion: The Phoenix Moment for PV and Xinruida’s Mission
The PV industry’s cyclical adjustments signify not decline but maturation. With产能出清, technological leaps, and policy tailwinds, the sector will enter a high-quality growth phase by 2025.
Xinruida Graphite, anchored in “material innovation + precision manufacturing,” delivers zero-defect solutions to empower clients. As its chairman states: “We are not just suppliers but partners in our clients’ success.” In the tide of the new energy revolution, Xinruida and the PV industry will jointly write a future chapter of “boundless innovation and service without limits.”
