Will the party be followed by a hangover? Intersolar 2024 in Munich was once again the meeting place for the global solar industry in June. Experts, manufacturers and innovators from all over the world gathered to present and discuss the latest developments. The EWIA team was also there to keep an eye out for new trends, maintain and expand its own network and approach potential investors.
The rush of visitors was great again this year. However, the mood was not quite as euphoric as last year. The large number of Chinese suppliers represented at the trade fair was also striking this year. Last year, solar manufacturers from the Far East produced around 623 gigawatts of modules. In an interview with the Frankfurter Allgemeine Zeitung (FAZ), Youru Tan, solar analyst at Bloomberg in Hong Kong, estimated that 40 per cent more panels were produced than were ultimately installed. The result is enormous competition. It is obvious that the entire market is under enormous pressure.
High price pressure offers opportunities for PV penetration in Africa
Ultimately, end customers could be the major beneficiaries of this development. The market for commercial customers - also known as ‘C&I’ for ‘Commercial & Industrial’ - is increasingly becoming the focus of suppliers. This is a market that many experts also believe has particularly good growth prospects in Africa. A significant increase in visitors from Africa can also be seen at Intersolar. However, we cannot speak of an African boom. The huge PV potential of the sun continent is still waiting to be tapped. With EWIA, we are therefore still operating within a niche of the global solar market, doing pioneering work and are therefore in a very good starting position to utilise the market opportunities for investors.
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