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Report: China will account for more than 80% of global solar industry chain capacity by 2026

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2023-11-12 21:25:25816browse

According to the latest report from Timber Mackenzie, China is expected to account for more than 80% of global solar polysilicon, wafer, cell and module manufacturing capacity between 2023-2026, after investing more than US$130 billion in the solar industry (approximately 949 billion yuan) after

报告:到 2026 年中国将占据全球太阳能产业链产能 80% 以上
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“China’s solar manufacturing expansion is driven by polysilicon Driven by high profit margins, technology upgrades and the development of local manufacturing in overseas markets," said Huaiyan Sun, senior advisor at Wood Mackenzie and author of the report, "China will continue to dominate the global solar supply chain and continue to expand its ties with competitors. Technology and cost gaps."

According to Wood Mackenzie's forecast, China will have more than 1 terawatt (TW) of silicon wafer, cell and module production capacity by 2024, which means that China's production capacity is sufficient to meet global demand , from now until 2032.

Strong policies in overseas markets have begun to increase local solar manufacturing, but they are still not cost-competitive compared to Chinese supplies. According to the report, components made in China are 50% cheaper than those made in Europe and 65% cheaper than those made in the United States.

Sun Huaiyan of the University of Washington said that over the next three years, despite considerable module expansion plans, overseas markets will still be unable to eliminate their dependence on Chinese silicon wafers and cells

From outside China Judging from this, India is expected to surpass Southeast Asia and become the second largest module production region in 2025, which will be driven by India's strong PLI incentives.

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