The solar energy PV market has completely changed over the past couple of years. It used to follow a module where one sized product would fit every use case that someone would need it for. However, that is not the case anymore as founders have found a more efficient way to produce these solutions. Digital energy has completely changed the way that people look at these supplies. In this year, there has been a large change due to diversification.
- The one-product-fits-all portfolio in PV products is no longer attainable, now more companies are switching to customizable solutions.
- Since the China 531 policy, the solar PV industry is experiencing shakeout and consolidations that would ensure a healthier environment for the industry.
- In 2018, diversification of products was the catchword in the PV market. Manufacturers pursued a varied combination of technologies actively to ensure effectiveness and increase output.
“To survive the latest round of industry shakeout, solar enterprises will need to adopt a forward-thinking mindset and build a complete portfolio with digital energy solutions.”