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Solar Panel Manufacturing in China Industry Data and Analysis
Revenue for the the Solar Panel Manufacturing industry has increased a CAGR of 21.4% to $142.7 billion over the past five years. This includes expected growth of 13.0% in the current year. Over the past five years, Chinese solar cell output has been increasing at an annualized 43.6%.The Solar Panel Manufacturing industry has been rapidly expanding over the past ten years. However, in March 2012, the US Government imposed anti-subsidy duties ranging from 2.9% to 4.7% on Chinese exports of solar panels and silicon, which contributed to the decline of exports in 2012 and 2013. In 2014, Asian demand for solar panels and silicon grew. Due to increasingly strong international competition, industry enterprises have continued to reduce the price of export products to maintain their share of the international market. From 2018, as technology and manufacturing skills gradually matured, exports increased largely.In 2022, the European energy crisis triggered by the Russia-Ukraine conflict increased Europe's demand for renewable energy development. European Union (EU) released the REPowerEU energy plan, increasing additional investment in energy transformation. The EU plans to add more than 320w of photovoltaic installed capacity in 2025, which stimulated the demand for solar panels. It is expected that exports will increase at a CAGR of 12.2% in the next five years.The industry is forecast to steadily grow over the next five years. Industry revenue is projected to grow at an annualized 10.0% over the five years through 2029, to $229.8 billion. However, overcapacity issues will continue to significantly affect the industry. Competition is anticipated to become increasingly strong and labor costs will continue rising.
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What's included in this industry analysis
IBISWorld's research coverage on the Solar Panel Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Solar Panel Manufacturing industry in China operates under the industry code 4059. Companies in this industry manufacture solar panels and intermediate products that are necessary for manufacturing solar panels. Related terms covered in the Solar Panel Manufacturing industry in China include conversion efficiency rate, giga-watt (gw) and feed-in tariff policy.
What's included in this industry?
Products and services covered in Solar Panel Manufacturing industry in China include Polysilicon solar panels, Monocrystalline solar panels and Thin-film solar panels.
What companies are included in this industry?
Companies covered in the Solar Panel Manufacturing industry in China include LONGi Green Energy Technology Co., Ltd., JinkoSolar Holding Co., Ltd. and Trina Solar Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Solar Panel Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Solar Panel Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Solar Panel Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Solar Panel Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Solar Panel Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Solar Panel Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Solar Panel Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Solar Panel Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Solar Panel Manufacturing industry in China in 2026?
The market size of the Solar Panel Manufacturing industry in China is $161.4bn in 2026.
How many businesses are there in the Solar Panel Manufacturing industry in China in 2025?
There are 1,530 businesses in the Solar Panel Manufacturing industry in China, which has grown at a CAGR of 4.5 % between 2020 and 2025.
How may import tariffs affect the Solar Panel Manufacturing industry in China?
The Solar Panel Manufacturing industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Solar Panel Manufacturing industry in China?
The Solar Panel Manufacturing industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Solar Panel Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Solar Panel Manufacturing industry in China has been growing at a CAGR of 24.4 % between 2020 and 2025.
What is the forecast growth of the Solar Panel Manufacturing industry in China over the next 5 years?
Over the next five years, the Solar Panel Manufacturing industry in China is expected to grow.
What are the biggest companies in the Solar Panel Manufacturing industry in China?
The biggest companies operating in the Solar Panel Manufacturing industry in China are LONGi Green Energy Technology Co., Ltd., JinkoSolar Holding Co., Ltd. and Trina Solar Co., Ltd.
What does the Solar Panel Manufacturing industry in China include?
Polysilicon solar panels and Monocrystalline solar panels are part of the Solar Panel Manufacturing industry in China.
Which companies have the highest market share in the Solar Panel Manufacturing industry in China?
The company holding the most market share in the Solar Panel Manufacturing industry in China is LONGi Green Energy Technology Co., Ltd..
How competitive is the Solar Panel Manufacturing industry in China?
The level of competition is high and steady in the Solar Panel Manufacturing industry in China.
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