Market Introduction of China’s Current Photovoltaic Industry
To address global warming and the depletion of fossil fuels, countries worldwide are increasingly turning to renewable energy sources. The international community has recognized the importance of developing and utilizing renewable energy, making it a global consensus.
Renewable energy, particularly solar power, offers numerous advantages including safety, reliability, environmental friendliness, and versatility in deployment. The photovoltaic industry, driven by the demand for clean energy, has emerged as a focal point for global competition in advanced industries.
China has taken significant steps to foster the growth of its photovoltaic industry, aiming for sustainable cost reduction and enhanced efficiency. By 2019, China accounted for over 80% of global silicon wafer production capacity. The concentration of leading enterprises in the Asian photovoltaic industry, particularly in the raw material chain, has reached 75.9%, with strong presence across upstream, midstream, and downstream sectors.
Notably, companies like Longi and Zhonghuan have substantially increased their market share in the monocrystalline wafer segment, demonstrating China's dominance in certain niches of the photovoltaic market.
Chinese photovoltaic companies also excel in export business, leveraging their technological prowess and comprehensive industrial infrastructure. Leading manufacturers like JINKOSOLAR, TRINA, and JA have a significant share of their business focused on exports, capitalizing on their established overseas channels and brand reputation.
Furthermore, China's photovoltaic module industry has achieved import substitution and begun to export to global markets. The average export price of leading enterprises reflects their strong overseas market presence and brand value.
The photovoltaic module sector is witnessing robust growth in China, with exports showing a clear upward trajectory. This underscores China's leading position in the international photovoltaic market.
