Solar

Ubiquitous Energy Era, Solar Drives Market

Now

Lower product prices, surge in global solar demand
Growth mainly in Big 3 (China, USA, Germany) market
Intensified price competition due to oversupply from China

Future

Diversification of Solar Demand
Distributed power generation combined with solar + ESS + ICT technology
Global demand expansion due to reaching grid parity

Challenge

“In 2018, price competitiveness is expected to play a key role in the growth of the solar PV market, as product prices have plunged due to oversupply by Chinese companies and global companies' demand for solar cells is rising due to the arrival of grid parity.”

Forecast

The solar industry, which accounts for 4.5% of the world’s cumulative power generation capacity, is expected to grow to 32% by 2040.

Solaris expected to open the era of ubiquitous energy as a key renewable energy industry in the future.

It is expected to create new growth engines through the convergence of ICT technology and ESS (Energy Storage System)

Will account for 17% of the world’s electricity generation 38,079 TWh by 2040, is expected to become the world’s major energy source together with wind power