Guangfa Securities: Space photovoltaics create new demand in the photovoltaic industry. It is estimated that global photovoltaic demand is expected to reach 645GW.

Guangfa Securities believes that the increasing demand for energy from space satellite power supply, space computing, and ground data centers is expected to drive the continuous growth of global photovoltaic demand. According to our previous forecast, it is estimated that the global PV new installations will reach approximately 580GW by 2026, a year-on-year increase of 6%. Taking into account this additional demand, it is expected that global PV demand could reach 645GW, a year-on-year increase of 18.6%. It is recommended to pay attention to companies that have early space photovoltaic layouts and obvious advantages.