PEDF System Research Report： the global market size is projected to reach USD 510 billion by 2030

According to the new market research report “PEDF System - Global Market Share and Ranking, Overall Sales and Demand Forecast 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.

• Global PEDF System MarketSize(US$ Million), 2019-2030

Source: QYResearch, "PEDF System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global PEDF System Top13Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "PEDF System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

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.

Differentiated development between urban and rural areas: In urban areas, where building electricity loads are high and demand is high, the development of "light storage direct flexible" distribution systems with "storage" and "flexibility" as the core is encouraged to use flexible electricity; In rural areas, there are abundant rooftop resources for buildings, and the development of a "photovoltaic+" system with "light" as the core, spontaneous self use, and external transmission of surplus electricity.

Technological innovation: The core issue in the development of optical storage and flexible systems is to solve the problem of interaction and coordination with the power grid, so that the flexibility of optical storage and flexible systems can truly play a role. The core technology is based on flexible electronic technology combined with optical storage technology for innovation, achieving the flexibility of optical storage devices and achieving a wider range of application scenarios. With the continuous advancement of technology, optical storage flexible systems will become more compact, efficient, and stable, while providing larger storage capacity and longer service life.

Responsibility factor ratio: For the direct flexible configuration of rural photovoltaic storage, the investment recovery efficiency can be calculated through electricity income to obtain sufficient economic returns; For urban buildings, only with clear and quantitative carbon reduction can their contribution to society be specifically accounted for. Collaborate with energy management departments and power departments to determine the carbon emission responsibility factor method that reflects the supply-demand relationship of the power system, jointly study the feasibility of technology and policies, and design specific implementation methods.

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