This capacity expansion is primarily driven by the growing adoption of N-type cells. By the end of 2023, the N-type battery capacity is expected to reach 550GW, accounting for 52.5% of the total capacity. TOPCon stands out with its notable production capacity in the short term, thanks to its economic advantages.
N-cell capacity deployment sees delays; PERC tech likely to remain dominant this year. Projected total wafer capacity by 2023's end is estimated to reach around 1,172 GW, marking a 106% increase year-on-year. The majority of this newly added capacity is attributed to N-type TOPCon cell technology.
According to data from EnergyTrend, the new energy research center of TrendForce, the total capacity of battery cells is projected to reach approximately 1047GW in 2023, marking a 46.51% year-on-year increase. This capacity expansion is primarily driven by the growing adoption of N-type cells.
TOPCon holds a significant advantage in expanding N-type cell production capacity, and it is projected to reach a cell capacity of approximately 441GW in 2023, accounting for 80.27% of the market share. However, the presence of new entrants with less advanced technology could potentially impact the overall production capacity.
As battery tech evolves, demand for Solar N-Type Cells surges. By 2023, China's solar panel production is projected to maintain an 80-85% global share. Silicon supply remains abundant, but the price gap between P-type and N-type continues to widen.
The following countries have significant lithium-ion battery manufacturing capacity: Australia, Spain, Canada, Portugal, United States, Switzerland, Thailand, Finland, France, Belgium, Japan, Italy, Poland, World, Indonesia, Greece, Mexico, China, South Africa, Netherlands, Chile, and Korea. [Chart and data by the International Energy Agency].