The Photovoltaic Industry in China to grow at a CAGR of 30.9% over the period 2014-2019

The Photovoltaic industry in China is bolstered by extensive manufacturing capabilities backed by government support through favorable policies. As such, companies are increasing their investment in the Photovoltaic industry in China to take full advantage of conducive policies and business environment. The exports and domestic demand for solar photovoltaic systems have also increased in China with the increasing numbers of new installations. The Photovoltaic market in China is shifting from the Government-aided to the Supply-driven industry.

One of the major trends in this market is the increase in investments in the solar industry. State Grid is encouraging companies to manufacture photovoltaic modules.

According to the report, one of the major driving factors of the market is the rise in government support in the form of project approvals, tax rebates, and financing.

Further, the report states that the anti-dumping duties are a significant threat to the market vendors. This leads to a significant loss in trade for Chinese photovoltaic vendors on foreign land, which in turn increases the burden on domestic consumption.

The Photovoltaic Industry in China can be segmented into two divisions:

• Photovoltaic Power Station

• Distributed Photovoltaic Power

By type and by technology it can be segmented into two divisions:

• Crystalline

• Thin Film

Key Vendors

• China Sunergy

• JinkoSolar Holding

• Suntech Power Holdings

• Trina Solar

• Yingli Green Energy Holding

Other Prominent Vendors

• Chint Group

• Hanwha SolarOne

• JA Solar Holdings

• E-Ton Solar Tech

• Flisom