Influencing Factors of China’s Photovoltaic Industrial Development

Abstract

The digital world and energy world will form deeply integrated development in future under the trend of low carbonization, electrification, digitalization and intelligence. China’s energy industry enters into the new era of digital energy. To discuss development characteristics of China’s photovoltaic industry, influencing factors of China’s photovoltaic industrial development were analysed by using the multiple linear regression (MLR) method based on data about China’s photovoltaic industry from 2013 to 2022. Results show that, except for the installed power generation capacity, conversion efficiency of photovoltaic enterprises, investment amount to photovoltaic industry, employment quantity of photovoltaic industry, solar module output and photovoltaic power generation capacity – all have positive effects on photovoltaic industrial output. Specifically, conversion efficiency of photovoltaic enterprises and investment amount to photovoltaic industry are the most critical influencing factors with a coefficient of 1062.32 and 225.51, respectively. On this basis, some development countermeasures were proposed for China’s photovoltaic industrial development from perspectives of policies, technologies and talents. Research conclusions provide some references to China’s photovoltaic industrial development in the digital economic era.