Investment Rating - The report does not provide a specific investment rating for the XBC battery industry Core Insights - The XBC battery technology, based on N-type substrates, is expected to become mainstream due to its advantages in improving photovoltaic efficiency and performance, despite high costs and technical barriers. The market for XBC batteries is rapidly growing, driven by policy support, technological advancements, and market demand [5][10][41]. Industry Definition - The XBC (Back Contact) battery is a solar cell technology that enhances efficiency by placing the PN junction and metal contacts on the back of the cell, maximizing light capture and reducing optical losses [6][10]. Industry Characteristics - Key characteristics of the XBC battery industry include: 1. High-quality products accelerating the transformation of household photovoltaic business models [10][11]. 2. TBC+HBC technology attracting industry transformation due to high conversion efficiency [12]. 3. Leading manufacturers actively entering the market, with initial production capacity expected to be released in 2024 [13]. 4. Streamlining processes and reducing manufacturing costs are critical for cost reduction [14]. 5. Increasing competition within the industry [15]. Industry Development History - The XBC battery industry has gone through three development stages: 1. Emergence phase (1975-1996) where the concept was introduced but faced challenges in mass production [16][17]. 2. Initiation phase (1997-2010) where initial industrialization occurred [19]. 3. Rapid development phase (2011-present) with significant advancements and increased competition [21]. Industry Scale - The market size of the XBC battery industry is projected to grow from 4.52 billion RMB in 2022 to 33.78 billion RMB in 2024, with a compound annual growth rate (CAGR) of 173.49% [41]. Industry Chain Analysis - The XBC battery industry chain includes: - Upstream: Raw material suppliers such as silicon and silver paste [22][28]. - Midstream: Battery and component manufacturing [32]. - Downstream: Applications in electric vehicles and energy storage systems [36][38]. Market Trends - The market share of BC batteries is expected to increase from less than 1% in 2022 to over 8% in 2024, potentially reaching 15-20% by 2025 [26]. Policy Support - Government policies and subsidies are crucial for the development of the XBC battery market, with ongoing support for renewable energy technologies [43]. Competitive Landscape - The competitive environment is intensifying as numerous companies enter the XBC battery sector, driving rapid development and technological innovation [15]. Leading companies like Longi Green Energy and Aiko Solar are expanding their production capacities [13][35].
企业竞争图谱：2024年XBC电池 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-09-29 12:00