1. In terms of policy support,

In light of the growing global awareness of climate change, governments worldwide have implemented policies to facilitate the advancement of solar energy, including the provision of subsidies and tax incentives. Such policies provide a robust assurance for the accelerated expansion of the solar energy market.

2. Technological advancement

Solar energy technology is undergoing constant improvement, with notable advances in the efficiency of photovoltaic cells and the development of energy storage technology. These developments are collectively enhancing the cost-effectiveness of solar energy.

3. An increase in market demand has been observed.

As global demand for clean energy increases, it is inevitable that the proportion of solar energy in the energy consumption structure will continue to rise.

4. A heightened awareness of environmental protection:

The growing emphasis on sustainable development across all sectors of society has led to an increased acceptance of clean energy sources, such as solar energy, which in turn has facilitated their development.

5. International cooperation has been a significant factor in the advancement of solar energy.

The collaboration between countries in the realms of technology, capital and markets has been instrumental in the advancement of the global solar energy industry.

📚 2. A segmentation analysis of the photovoltaic power generation sector reveals the following:

1. Distributed photovoltaics:

This form of photovoltaic power generation is suitable for small-scale applications, such as homes and commercial buildings. It is flexible to install and is gradually becoming the mainstream of the market.

Centralised photovoltaics comprise large-scale photovoltaic power stations, which are well-suited to the generation of electricity on a large scale and provide robust support for the power grid.

2. Utilisation of solar thermal energy:

⦁ Solar water heaters for domestic use: The market for this technology is mature and widely used in residential buildings.

Centralised solar thermal power is a suitable technology for industrial and large-scale power generation, and can be considered complementary to solar photovoltaics.

3. Photovoltaic inverters represent the core component of a photovoltaic system and, as such, are experiencing an increase in market demand in line with the growing popularity of photovoltaic power generation.

4. Energy storage:

The intermittent nature of solar power generation has highlighted the need for the development of energy storage technology, such as lithium batteries, in order to improve the stability and reliability of the system.

5. The concept of a smart grid is an emerging paradigm in the field of energy infrastructure.

The combination of smart grids and solar energy has the potential to enhance energy management efficiency and facilitate a more comprehensive integration of renewable energy sources.

6. Mobile and portable solar products:

The popularity of lightweight and portable solar products (such as chargers and lamps) is increasing in the consumer market.