The base of the European market is relatively large, and growth will slow down, with a growth rate of 20% to 30% still present. The demand is still there, including new growth in the markets of Germany, Spain, Italy, and France.

The biggest problem in Europe, whether in business or various projects, is not component prices, but more depends on interest rates. Interest rates are 6%, sometimes 7%, and high interest rates lead to project stagnation. Therefore, some customers will seek equipment financing from construction factories, such as 180 days or even longer equipment financing, to keep the project going.

If future interest rates shift, it may further stimulate demand.

Even in this situation, there are still many projects that can be done because there are still many untapped markets that are indeed growing.

Requirement structure:

The European market is divided into three parts: distributed household use, with relatively small installed capacity and a large overall volume, accounting for 40% to 50%; Then there is industry and commerce, accounting for 20% -30%; Finally, there is the ground power station.

The growth of industry and commerce in the European market is relatively fast, mainly driven by the economy, including policy guidance. The attractiveness of economic benefits has led to more and more people paying attention to the business sector. Due to the many restrictions on ground stations, many people have switched to the industrial and commercial sector, and then hyped up this sector together.trina solar panels