钙钛矿行业深度之二

行研江湖2025-07-06

编辑｜Lady呱呱来源｜东吴电新钙钛矿行业深度之二效率持续提升、GW线逐步落地，钙钛矿产业曙光渐近#钙钛矿提效速度快、光电潜力充足。光伏需求增速放缓，整体进入平稳增长阶段。中国光伏装机占全球约50%、多年高增后预计后续高位企稳；海外贡献较多增量。 N型电池量产效率25%-26%，逐步接近极限，钙钛矿电池上限高，理论效率极限30%+，且提效快，叠层潜力足。钙钛矿效率持续提升，GW级产线逐步落地。...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2549240123?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-07-06 16:43","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2549240123","market":"sh","top_or_hot":-1,"title":"钙钛矿行业深度之二","media":"行研江湖","content":"<div>\n<p>编辑｜Lady呱呱来源｜东吴电新钙钛矿行业深度之二效率持续提升、GW线逐步落地，钙钛矿产业曙光渐近#钙钛矿提效速度快、光电潜力充足。光伏需求增速放缓，整体进入平稳增长阶段。中国光伏装机占全球约50%、多年高增后预计后续高位企稳；海外贡献较多增量。 N型电池量产效率25%-26%，逐步接近极限，钙钛矿电池上限高，理论效率极限30%+，且提效快，叠层潜力足。钙钛矿效率持续提升，GW级产线逐步落地。...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250706164721a698d433&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>钙钛矿行业深度之二</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n钙钛矿行业深度之二\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-06 16:43 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250706164721a698d433&s=b><strong>行研江湖</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>编辑｜Lady呱呱来源｜东吴电新钙钛矿行业深度之二效率持续提升、GW线逐步落地，钙钛矿产业曙光渐近#钙钛矿提效速度快、光电潜力充足。光伏需求增速放缓，整体进入平稳增长阶段。中国光伏装机占全球约50%、多年高增后预计后续高位企稳；海外贡献较多增量。 N型电池量产效率25%-26%，逐步接近极限，钙钛矿电池上限高，理论效率极限30%+，且提效快，叠层潜力足。钙钛矿效率持续提升，GW级产线逐步落地。...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250706164721a698d433&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1820825898.SGD","symbol_name":"Aberdeen Standard SICAV I - China A Share Equity A Acc SGD-H","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250706164721a698d433&s=b","article_id":"2549240123","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250706164721a698d433&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2549240123","pubTimestamp":1751791439,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"编辑｜Lady呱呱来源｜东吴电新钙钛矿行业深度之二效率持续提升、GW线逐步落地，钙钛矿产业曙光渐近#钙钛矿提效速度快、光电潜力充足。钙钛矿效率持续提升，GW级产线逐步落地。目前晶硅大厂倾向选择钙钛矿/晶硅叠层的路线。钙钛矿工艺流程较短，易于扩大生产。我们预计钙钛矿产能2030年有望达百GW+，组件市场近400亿，设备逐步受益。预计2030年钙钛矿组件产量有望约45GW，对应玻璃市场空间122.8亿元、封装材料市场46.5亿元、靶材市场49.8亿元。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"600586":"金晶科技","600819":"耀皮玻璃","601012":"隆基绿能","603212":"赛伍技术","603806":"福斯特","LU1820825898.SGD":"Aberdeen Standard SICAV I - China A Share Equity A Acc SGD-H","BK0224":"电气机械","LU1655091616.SGD":"JPMorgan Funds - China A-Share Opportunities A (acc) SGD","LU0228659784.USD":"施罗德金砖四国基金","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU1997245177.USD":"安联神洲A股基金","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","BK0188":"融资融券","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU2153592121.USD":"Aberdeen Standard SICAV I - Emerging Markets Sustainable Development Equity A Acc USD","LU0181495838.USD":"施罗德新兴亚洲A Acc","BK0187":"一线龙头","LU2153591404.USD":"Aberdeen Standard SICAV I - Asian Sustainable Development Equity A Acc USD","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","BK0028":"国家队","BK0054":"太阳能发电","BK0201":"可转债","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU1997245094.SGD":"安联神州A股基金AT Acc SGD","LU2348774022.SGD":"Aberdeen Standard SICAV I - Emerging Markets Sustainable Development Equity A Acc SGD-H","BK0175":"白马股","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU1146622755.USD":"安本中国A股股票基金A Acc","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","BK0196":"行业龙头","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0048580855.USD":"富达大中华区A","LU2348773727.SGD":"Aberdeen Standard SICAV I - Asian Sustainable Development Equity A Acc SGD-H","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","03800":"协鑫科技","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD"},"translate_title":"Perovskite Industry Depth 2","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600586":0.9,"600819":0.9,"601012":0.9,"603212":0.9,"603806":0.9,"03800":0.9},"content_text":"编辑｜Lady呱呱来源｜东吴电新钙钛矿行业深度之二效率持续提升、GW线逐步落地，钙钛矿产业曙光渐近#钙钛矿提效速度快、光电潜力充足。光伏需求增速放缓，整体进入平稳增长阶段。中国光伏装机占全球约50%、多年高增后预计后续高位企稳；海外贡献较多增量。 N型电池量产效率25%-26%，逐步接近极限，钙钛矿电池上限高，理论效率极限30%+，且提效快，叠层潜力足。钙钛矿效率持续提升，GW级产线逐步落地。钙钛矿头部组件厂效率陆续突破18%：单结钙钛矿仍有渗透空间，叠层钙钛矿或引领下一代技术。单结产业化后成本可降至8毛以下，LCOE性价比下仍有渗透空间；叠层组件效率可达30%+，当前4端子效率达26.36%，晶硅+钙钛矿叠层或脱颖而出。#百MW中试线运行成熟、GW线逐步落地。钙钛矿迈向GW线逐步落地投产；行业已有两条GW单线投产，预计25H2纤纳光电、协鑫光电、宁德时代等GW线有望投产落地，26年仁烁光能等厂商亦有望跟进GW线投产。技术上单结钙钛矿依靠差异化求存、叠层组件依靠效率突围光伏主力市场。目前晶硅大厂倾向选择钙钛矿/晶硅叠层的路线。效率上单结量产稳步推进至19%-20%，叠层瞄准27%+。稳定性方面头部钙钛矿厂均通过IEC61215及61730测试，并逐步建立户外电站。#市场前景广阔、设备+材料率先受益。钙钛矿工艺流程较短，易于扩大生产。当前百MW量产成本约1-1.5元/W，玻璃等封装材料占比30%+；预计GW级有望降至8毛/W以内。设备端镀膜设备价值量最高。百MW级线的设备总投资约1.2亿，其中镀膜：涂布：激光：封装设备约50%：25%：15%：10%；后续GW级设备投资预计约7-10亿元/GW。我们预计钙钛矿产能2030年有望达百GW+，组件市场近400亿，设备逐步受益。下游市场渗透率逐步提升。预计2030年钙钛矿组件产量有望约45GW，对应玻璃市场空间122.8亿元、封装材料市场46.5亿元、靶材市场49.8亿元。预计2035整体市场有望130GW, 对应的玻璃市场310.6亿元、封装材料市场117.5亿元、靶材市场125.9亿元，CAGR达78%，空间广阔。#投资建议： 钙钛矿效率潜力高成本低、25年GW线逐步落地，降本增效促进下，钙钛矿有望成为下一代光伏电池技术方向，重点关注：1）钙钛矿组件：推荐隆基绿能、天合光能、晶澳科技、晶科能源、阿特斯、协鑫科技，关注聚石化学、杭州柯林等；2）设备：曼恩斯特、关注捷佳伟创、京山轻机、大族激光、帝尔激光、德龙激光、杰普特、奥来德等；3）封装：福斯特、海优新材，关注赛伍技术；4）TCO玻璃：关注金晶科技、耀皮玻璃。风险提示：竞争加剧，政策超预期变化，可再生能源装机不及预期，原材料供给不足等【免责声明】本文摘自网络，版权归原作者所有，仅用于技术分享与交流，非商业用途！对文中观点判断均保持中立，若您认为文中来源标注与事实不符，若有涉及版权等请告知，将及时修订删除，谢谢大家的关注！【小编寄语】在新能源的道路上，不论你同行与否，不论你觉得这条路上有多少满意或者不满意的事情，也不论你觉得身边人都是普通人或者英雄，但最终这群人的奋斗都会让中国的科技横扫这个世界。浅尝江湖水，深品其中意，再闻已是江湖人——《行研江湖》●【JH-8820】铁锂高压密趋势有望加速业内企业分化（18页）●【JH-8814】2025数据中心锂离子电池消防安全白皮书（93页）●【JH-8801】锂离子电池回收：绿色未来的市场和创新趋势●【JH-8800】储能行业剖析：新型储能技术百花齐放，液流电池商业化正在加速（34页）●【JH-8794】亿纬锂能：破晓曙光映前路，扬帆起航赴新篇（57页）●【JH-8791】低空经济策略框架：应用为王，博弈型号订单及区域基建（53页）●【JH-8758】中国电池正极行业：磷酸铁锂周期性复苏在望；首次覆盖湖南裕能给予买入评级（30页）●【JH-8699】消费电池：电芯国产替代加速，端侧AI助力电池环节量价齐升（47页）●【JH-8695】固态电池材料：产业方向日益清晰，技术迭代驶入快车道（38页）●【JH-8653】25年两轮车行业前瞻：两轮车市场共识与分歧展望（24页）●【JH-8576】2025年锂电年度策略：云销雨霁，迎新阶段（46页）●【JH-8570】新型储能行业产业发展现状及趋势：暨CNESADataLink2024年储能数据发布（24页）●【JH-8558】固态电池：eVTOL发展带动固态电池百亿增量市场（26页）●【JH-8556】2024年中国固态电池报告：提质降本，突破“固”障，电驭未来（48页）●【JH-8507】锂电行业2025年投资策略：全球变局渐行渐近，供给侧曙光乍现●【JH-8486】电新行业锂电板块2025年度策略：周期复苏，量价齐升（40页）●【JH-8480】低空经济：低空经济2025年投资展望，百舸争流、千帆竞发（99页）●【JH-8465】海外大储：聚焦大储新“热土”，高成长高壁垒（60页）●【JH-8462】储能行业2025年度投资策略：市场全面开花，前景星辰大海（45页）●【JH-8457】光储行业2025年投资策略：释放消纳潜力，夯实光储拐点（61页）●【JH-8456】储能行业2025年策略报告：大储扶摇直上，户储多点开花（91页）●【JH-8422】锂电设备行业2025年度策略：看好国内龙头扩产重启&海外整车厂入局，关注固态电池等新技术产业化进度（83页）●【JH-8417】硅碳负极：产业趋势渐明，看好动力领域放量●【JH-8388】全球离网式电源储能设备行业白皮书（42页）●【JH-8381】固态电池：上天入海，剑指未来（34页）●【JH-8380】低空经济行业2025年度投资策略：期待自上而下落地，聚焦制造产业链（33页）●【JH-8379】电动两轮车：政策发力叠加格局优化，行业高景气拐点渐近（52页）●【JH-8373】2025年锂电设备行业年度投资策略：锂电设备，海外需求向上，期待新技术突破（31页）●【JH-8368】2024年低空经济发展研究报告（56页）●【JH-8366】电动车行业2025年度投资策略：藏锋敛锐，蓄势待发（34页）●【JH-8365】电动两轮车：两轮车高端化、智能化引领，摩托车电动化方兴未艾（31页）●【JH-8361】2025年便携储能电源出海研究报告（42页）●【JH-8346】储能行业2025年度投资策略：大储放量，构网兴起（26页）●【JH-8330】电动两轮车行业2025：预期与现实交织，把握节奏更重要●【JH-8270】两轮电动车行业洞察报告●【JH-8121】新能源汽车发展趋势报告（38页）●【JH-8076】充电桩行业市场及企业经营分析：探索中国新能源产业（28页）●【JH-8007】GB 43854 标准解读（39页）●【JH-8006】储能电池认证测试以及市场准入介绍（45页）●【JH-7990】锂电行业2025年投资策略：从周期和成长视角把握拐点●●【JH-7939】固态电池：聚焦性能和成本，固态电池产业化提速（32页）●【JH-7936】2024年中国钠离子电池报告（51页）-●【JH-7933】固态电池：产业化进程加速，材料体系迎来变革●【JH-7922】工具产品欧美市场消费趋势报告精简版（30页）●【JH-7887】2024储能行业市场全景分析及发展趋势展望报告（44页）●【JH-7866】储能行业发展趋势及展望●【JH-7852】2024工商业储能的实践与思考●【JH-7803】中国动力电池发展历程、技术进展与前景展望（45页）●【JH-7734】2024德国莱茵TUV氢能及燃料电池全产业链白皮书（271页）●【JH-7715】消费类锂电池：市场多元化，需求持续增长（55页）●【JH-7712】光储行业研究框架专题报告（32页）●【JH-7670】电力设备行业研究框架（84页）●【JH-7664】汽车零部件行业研究框架（55页）●【JH-7656】储能行业研究框架：新能源周期核心品种，行业最具成长的主线之一报告获取，快捷通道添加小编，链接市场","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2549240123","isCrawlerRequest":true}