The Profit of Photovoltaic Brackets is "Recovering"

In recent years, due to the impact of photovoltaic installed capacity scale and raw material price fluctuations, the performance of photovoltaic bracket companies has been unstable. Industry insiders believe that the photovoltaic bracket solar panel installation is ushering in a series of positive changes due to falling raw material prices, continued growth in market demand, technological advancement and cost optimization.

As one of the key auxiliary materials in the photovoltaic industry chain, the solar PV system and its installation cost account for approximately 12%-18% of the power station investment cost, and have an important impact on the lifespan and power generation efficiency of the photovoltaic power generation system.

It is understood that in the cost structure of photovoltaic mounting systems, raw material costs account for the largest proportion, about 70%, and steel accounts for the highest proportion of raw materials, exceeding 60%. Therefore, fluctuations in steel prices have an important impact on the profitability of photovoltaic racks. Since 2023, steel prices across the country have been running weakly, which has provided favorable conditions for the profitability improvement of the solar panel mounting bracket industry.

Environmental protection and public utility analyst Xu Jie told a reporter from the Associated Press that in addition to the fall in raw material prices, the improvement in profitability of the solar photovoltaic bracket industry also benefits from the continued growth of market demand. As the world attaches greater importance to carbon emission reduction and clean energy, countries have stepped up the construction of photovoltaic power stations. As one of the world's largest photovoltaic markets, China's photovoltaic installed capacity continues to grow, providing a broad market space for the photovoltaic mounting industry. It is expected that in the next few years, with the further increase of global photovoltaic installed capacity, the market size of the photovoltaic panel mounting bracket industry will continue to expand.

The improvement in profitability is also due to technological advancement and cost optimization. At present, major companies are also constantly exploring new material alternatives to further reduce the weight and cost of brackets and improve their cost performance. Cowell always try to offer the high-quality solar systems. Contact us if you need any tailored design solar PV solution.