Who are the key players in China Photovoltaic Market industry?

The top five players in the China photovoltaic market are LONGi Green Energy, Tongwei Solar, JA Solar, JinkoSolar, and Trina Solar. These companies lead the industry through technological innovation, expanded production capacities, and integrated supply chains, making China the world's largest producer and supplier of photovoltaic products.

What is the China Photovoltaic Market growth?

The China photovoltaic market saw robust growth in 2023, with installed capacity surpassing 216 GW, driven by aggressive expansion from major companies like LONGi Green Energy. Favorable government policies and rapidly increasing demand for renewable energy continue to propel the sector’s accelerated expansion.

Which segment accounted for the largest China Photovoltaic Market share?

Utility-scale power plants dominate the China photovoltaic market by application, accounting for the largest market share. These large-scale solar farms, often supported by government initiatives and power grid integration, drive significant demand for photovoltaic modules, propelling companies like JA Solar and Trina Solar.

What are the factors driving the China Photovoltaic Market?

Rapid advancements in solar cell efficiency, cost reductions by leading manufacturers such as JinkoSolar, and supportive government energy transition policies are primary drivers of market growth. The government also provides incentives and mandates to accelerate renewable energy adoption and carbon neutrality goals.

Which type accounted for the largest China Photovoltaic Market share?

Monocrystalline silicon modules hold the largest share in the China photovoltaic market. Widely adopted due to their high efficiency and falling production costs, firms like LONGi Green Energy and JA Solar have scaled up monocrystalline module manufacturing, catering to both domestic and international demand.

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China Photovoltaic Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Name: China Photovoltaic Market
Brand: Bussiness Insights

China Photovoltaic Market Market: by Type (Monocrystalline, Polycrystalline, Thin Film, PERC, Bifacial, Heterojunction), Application (Residential, Commercial, Industrial, Utility), Distribution Channels (Direct Sales, Distributors, Online Retail, Installers), Technology (Crystalline Silicon, Thin Film, Perovskite, Organic Photovoltaic, Concentrated Photovoltaic), Organization Size (Small, Medium, Large) and By China Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 23-07-2025 | Format: PDF | Report ID:11529 | Author: Manisha C

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China Photovoltaic Market Outlook (2025-2035)

The China Photovoltaic (PV) Market is experiencing rapid transformation, driven by expanding solar infrastructure, technology innovation, and supportive regulatory frameworks. Spanning monocrystalline, polycrystalline, thin-film, PERC, bifacial, and heterojunction modules, this market is witnessing remarkable growth across residential, commercial, industrial, and utility applications. New business models and nationwide incentives propel the move toward sustainable energy, positioning China as a global PV leader. The steady integration of advanced solar cell technologies, efficient distribution channels, and scalable solutions further amplifies China's trajectory towards energy transition, enabling growing market revenues through 2035.

Latest Market Dynamics

Key Drivers

Government Support and Policies: China's ambitious renewable energy targets and favorable policies continue to catalyze PV market growth. In 2025, the National Energy Administration’s push for aggressive solar deployment is prompting utility-scale and distributed PV installations.

Technological Advancements: Leading firms like LONGi Green Energy are spearheading research in high-efficiency monocrystalline and bifacial modules, reducing costs and driving mass adoption throughout 2025.

Expansion of Distributed PV: The growth in distributed solar installations in urban and rural areas is accelerating grid integration and energy independence. JA Solar’s innovative rooftop solutions highlight this decentralized trend.
Increased Investment in Energy Storage: Companies such as Sungrow Power are ramping up investments in hybrid solar-plus-storage projects, meeting demand for uninterrupted clean energy and grid stability in 2025.

Key Opportunities

Emerging Rural Adoption: Recent initiatives target rural electrification, with firms like Trina Solar deploying off-grid and microgrid solutions to previously underserved regions.
Rising Export Potential: As export demand climbs, Canadian Solar capitalizes on overseas markets with advanced PV technologies, bolstering China’s global market share.

Grid Integration Complexity: The rapid scale-up in solar capacity poses grid balancing and curtailment challenges. Yingli Solar is investing in smart grid partnerships to address these integration bottlenecks.
Raw Material Price Volatility: Supply chain disruptions impact silicon prices, affecting production costs. GCL System Integration is focusing on vertical integration to mitigate raw material risk.

Land Acquisition Constraints: In densely populated regions, limited land resources restrict large-scale PV project expansion. Risen Energy faces steep competition for project siting.
Policy Uncertainties: Periodic revisions in government tariffs and subsidies create short-term uncertainty. Chint Power adapts by diversifying markets and product portfolios.

China Photovoltaic Market Share by Type, 2025

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In 2025, monocrystalline modules dominate the Chinese PV market, propelled by their superior efficiency and falling production costs. Polycrystalline occupies a significant yet declining share, due to increased competition from advanced options like PERC and bifacial. Thin film and new-generation heterojunction modules are gradually capturing attention, appealing to niche applications requiring flexibility or high-temperature performance.

China Photovoltaic Market Share by Application, 2025

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Utility-scale applications comprise the major portion of PV installations, driven by China’s vast solar farms and government-backed projects. Industrial and commercial segments are witnessing rapid growth due to cost savings and sustainability mandates, while residential and agricultural applications benefit from distributed PV and tailored installation models. Off-grid solutions, though smaller in share, are pivotal for electrification efforts in remote areas.

China Photovoltaic Market Revenue (USD Million), 2020-2035

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China’s PV market revenue follows a robust upward trajectory, rising from approximately USD 38,000 Million in 2020 to an estimated USD 128,000 Million by 2035. This consistent growth is propelled by expanding project deployments, technology adoption, and supportive fiscal policies. 2025 marks a pivotal surge as new gigawatt-scale projects come online and distributed PV gains traction.

China Photovoltaic Market Year-on-Year Growth (%), 2020-2035

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Annual growth rates remain healthy throughout the forecast period. A peak in 2025 (17.6%) aligns with major policy pushes and large-scale installations, while growth stabilizes in later years as the market matures, averaging 6-8% YOY by 2030-2035.

China Photovoltaic Market Share by Region, 2025

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Eastern China dominates PV deployment due to high energy demand and superior grid infrastructure. Central regions leverage large land banks for utility projects, while western areas, with vast solar potential, are gaining momentum through grid expansion projects and favorable policy incentives.

China Photovoltaic Market Share by Player, 2025

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Leading the market, JinkoSolar and LONGi Green Energy contribute nearly half of market shipments, driven by operational scale and global reach. Trina Solar, JA Solar, and Canadian Solar follow with strong domestic and export portfolios. Smaller players compete on innovative technologies and specialized services.

China Photovoltaic Market Share by Buyer, 2025

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State-owned utilities constitute the largest buying segment, investing heavily in large-scale PV infrastructure. Industrial users increasingly source PV solutions for cost and sustainability, while residential adoption is climbing through government-backed distributed energy programs.

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	Revenue (USD Million)
Regions	East China, Central China, West China
Segments	Type (Monocrystalline, Polycrystalline, Thin Film, PERC, Bifacial, Heterojunction), Application (Residential, Commercial, Industrial, Utility, Agricultural, Off-grid), Distribution Channels (Direct Sales, Distributors, Online Retail, Installers, EPC, Value-Added Resellers), Technology (Crystalline Silicon, Thin Film, Perovskite, Organic Photovoltaic, Concentrated Photovoltaic, Floating Photovoltaic), Organization Size (Small, Medium, Large)
Players	JinkoSolar, LONGi Green Energy, JA Solar, Trina Solar, Canadian Solar, GCL System Integration, Risen Energy, Suntech Power, Talesun Solar, Chint Power, Sungrow Power, Yingli Solar, Seraphim, Eging PV, Zhongli Talesun

Key Recent Developments

June 2024: LONGi announces breakthrough in commercial heterojunction (HJT) cell efficiency, setting records above 26%.
July 2024: Trina Solar secures 3 GW utility-scale contract in Inner Mongolia, signaling aggressive expansion in western China.
July 2024: JA Solar partners with State Grid Corporation to pilot distributed energy storage integration in urban areas.
August 2024: JinkoSolar launches next-generation bifacial modules with certified 700W+ output for large-scale deployment.
August 2024: Canadian Solar signs cooperation agreement with Beijing Energy to co-develop 2 GW floating PV projects within 2025.

Frequently Asked Questions

About the Author

Manisha C

Lead Industry Analyst

Manisha C is a Lead Industry Analyst specializing in market research, industry analysis, and business consulting across Semiconductor & Electronics. Manisha C brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Manisha C has helped organizations translate data into actionable growth strategies.

Semiconductor & ElectronicsMarket ResearchIndustry AnalysisStrategic Consulting

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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China Photovoltaic Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

China Photovoltaic Market Outlook (2025-2035)

Latest Market Dynamics

Key Drivers

Key Trends

Key Opportunities

Key Challenges

Key Restraints

China Photovoltaic Market Share by Type, 2025

China Photovoltaic Market Share by Application, 2025

China Photovoltaic Market Revenue (USD Million), 2020-2035

China Photovoltaic Market Year-on-Year Growth (%), 2020-2035

China Photovoltaic Market Share by Region, 2025

China Photovoltaic Market Share by Player, 2025

China Photovoltaic Market Share by Buyer, 2025

Study Coverage

Key Recent Developments

Frequently Asked Questions

About the Author

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