A photovoltaic (PV) system is a technology that converts solar energy into electricity, consisting of solar panels, a battery bank, an inverter, and grid connection components. A PV system can generate electricity autonomously under sunlight and can also store excess electricity or output it to the grid. It is widely used in residential, commercial, and industrial applications.
The application of photovoltaic (PV) systems is very extensive, including residential, commercial, and industrial sectors. In the residential sector, PV systems can provide power to homes, making them less dependent on the grid, and also enable homeowners to sell excess power back to the grid for income. In the commercial sector, PV systems can save energy costs for businesses and reduce carbon emissions, while also enhancing their environmental image. In the industrial sector, PV systems can provide power to factories, public buildings, and more, reducing energy costs and carbon emissions.
The PV system market has grown rapidly in recent years, particularly with policy support from some countries such as China, the United States, and Germany. The cost of PV systems continues to decline while technology advances, and more and more people are recognizing the advantages of PV systems, which has led to strong growth in the PV market. According to data from the International Energy Agency (IEA), the market share of PV systems will continue to increase in the coming years, and the global total installed capacity of PV systems is expected to reach over 16,000 GW by 2030.