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Solar Power Generation in China Industry Data and Analysis
Under the background of global energy transforming from traditional energy to renewable energy, the Government in China has been issuing industry assistance policies to promote fast development of solar power generation. The Solar Power Generation industry in China has grown significantly over the past five years. Industry revenue is expected to increase at an annualized 16.7% over the five years through 2025, to $42.2 billion. This trend includes anticipated revenue growth of 16.8% in 2025. The installed capacity of solar power generation has been increasing rapidly, with share of solar power installed capacity accounting for total power generation installed capacity growing from 9.2% in 2018 to an estimated 29.4% in 2025. In 2025, China's cumulative solar power output is expected to increase to 995.1 billion kilowatt hours, an increase of 17.8% from 2024. The industry profit is anticipated to reach 33.4% in 2025.Rising household demand for electricity in China has led to several power supply shortages over the past few years, stimulating demand for solar power generation. Additionally, a reliance on imported oil and gas resources for power and increasing environmental consciousness have led to a strong government focus on developing renewable energy sources, particularly solar power.In 2025, China's solar power industry will face both opportunities and challenges. On the one hand, under the guidance of the dual carbon goal, the development of China's solar energy industry will receive stable policy support and drive the overall improvement and upgrading of the industrial chain. On the other hand, the large-scale development of new energy needs the support of new power system, and the policy system and terminal application mode need to be innovated.Due to technological advances and the industry expanding in scale, solar power is becoming an essential renewable energy source, along with hydroelectric and wind power. This trend is anticipated to boost industry demand over the next five years. Industry revenue is forecast to grow at an annualized 11.0% over the five years through 2030, to $70.9 billion.
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What's included in this industry analysis
IBISWorld's research coverage on the Solar Power Generation industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Solar Power Generation industry in China operates under the industry code 4419b. The Solar Power Generation industry in China generates power by solar energy. The industry includes photovoltaic (PV) power generation and solar thermal power generation. Solar power generation usually refers to PV power generation, which uses solar cells to directly convert solar energy into electric energy. Related terms covered in the Solar Power Generation industry in China include photovoltaic power generation, gw (gigawatt) and solar thermal power generation.
What's included in this industry?
Products and services covered in Solar Power Generation industry in China include Centralized photovoltaic power, Distributed photovoltaic power and Solar thermal power.
What companies are included in this industry?
Companies covered in the Solar Power Generation industry in China include State Power Investment Corporation, China Huaneng Group Co., Ltd. and Huadian New Energy Group Corporation Limited.
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 Power Generation 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 products and service segmentation and analysis of major markets for the for the Solar Power Generation 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 Power Generation 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 Power Generation 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 Power Generation 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 Power Generation 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 Power Generation 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 Power Generation industry in China.
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Frequently Asked Questions
What is the market size of the Solar Power Generation industry in China in 2026?
The market size of the Solar Power Generation industry in China is $42.2bn in 2026.
How many businesses are there in the Solar Power Generation industry in China in 2025?
There are 1,220 businesses in the Solar Power Generation industry in China, which has grown at a CAGR of 9.1 % between 2020 and 2025.
How may import tariffs affect the Solar Power Generation industry in China?
The Solar Power Generation industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Solar Power Generation industry in China?
The Solar Power Generation industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Solar Power Generation industry in China grown or declined over the past 5 years?
The market size of the Solar Power Generation industry in China has been growing at a CAGR of 16.7 % between 2020 and 2025.
What is the forecast growth of the Solar Power Generation industry in China over the next 5 years?
Over the next five years, the Solar Power Generation industry in China is expected to grow.
What are the biggest companies in the Solar Power Generation industry in China?
The biggest companies operating in the Solar Power Generation industry in China are State Power Investment Corporation, China Huaneng Group Co., Ltd. and Huadian New Energy Group Corporation Limited
What does the Solar Power Generation industry in China include?
Centralized photovoltaic power and Distributed photovoltaic power are part of the Solar Power Generation industry in China.
Which companies have the highest market share in the Solar Power Generation industry in China?
The company holding the most market share in the Solar Power Generation industry in China is State Power Investment Corporation.
How competitive is the Solar Power Generation industry in China?
The level of competition is moderate and increasing in the Solar Power Generation industry in China.
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