China Photovoltaic Market (2025-2031) | Companies, Industry, Analysis, Size, Forecast, Share, Growth, Value, Trends & Revenue

China Photovoltaic Market Growth Rate

According to 6Wresearch internal database and industry insights, The China Photovoltaic Market is projected to grow at a compound annual growth rate (CAGR) of 10.6% during the forecast period (2025–2031).

Five-Year Growth Trajectory of the China Photovoltaic Market with Core Drivers

Below mentioned are the evaluation of year-wise growth rate along with key drivers:

Topics Covered in the China Photovoltaic Market Report

The China Photovoltaic Market report thoroughly covers the market by component, material, installation type, application, and cell type. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

China Photovoltaic Market Highlights

China Photovoltaic Market Synopsis

China Photovoltaic Market is anticipated to get enormous growth due to the country’s increasing expansion in renewable energy capacity, domestic module manufacturing scale, and decreasing price of solar systems. Photovoltaic (PV) systems convert sunlight into electricity through semiconductor materials and are being highly adopted across residential, commercial, and large-scale utility projects. The increasing deployment of floating and building-integrated photovoltaic systems, coupled with government-driven clean energy transition policies, further makes fierce market expansion.

Evaluation of Growth Drivers in the China Photovoltaic Market

Below mentioned are some prominent drivers and their influence to the market dynamics:

The China Photovoltaic Market size is projected to grow at a CAGR of 10.6% during the forecast period of 2025–2031. The market is advancing further due to rising concentration on energy self-sufficiency and sustainable development, along with quick price decrease in modules and developed inverter technologies. Furthermore, rising adoption of PV in industrial and commercial facilities for power independence is augmenting market growth.

Evaluation of Restraints in the China Photovoltaic Market

Below mentioned are some major restraints and their influence to the market dynamics:

China Photovoltaic Market Challenges

Despite its potent growth, the China Photovoltaic Market goes through challenges such as the intermittency of solar power generation and the demand for effective energy storage solutions. Additionally, overcapacity in module manufacturing has led to costing pressures and decreased profitability. Grid congestion and restricted energy storage deployment obstructs consistent electricity supply. Moreover, increasing competition among domestic manufacturers and tightening export situations make further obstructions for the market.

China Photovoltaic Market Trends

Several prominent trends reshaping the market growth include:

• Expansion of High-Efficiency Modules: Improvement in the module effectiveness and decreasing prices are their due to the advancement of PERC, TOPCon, and HJT technologies.
• Rise of Distributed Solar Power: Localized energy generation is rising  due to increasing rooftop PV installations in urban and rural regions.
• Integration of AI and IoT: Smart monitoring and predictive maintenance tools improves power plant efficiency and uptime.
• Floating Solar Adoption: Due to limited land availability and cooling benefits water-based installations are increasing.
• Energy Storage Integration: PV systems with battery storage ensures stability and supports grid resilience.

Investment Opportunities in the China Photovoltaic Industry

Some prominent investment opportunities in the market include:

• Large-Scale Utility Projects – Create mega solar farms across desert and rural regions to align with national renewable targets.
• BIPV System Manufacturing – Allocate funds in architectural solar solutions incorporated into building materials.
• Energy Storage Partnerships –To ensure reliability and peak-load management develop hybrid solar-storage solutions.

Top 5 Leading Players in the China Photovoltaic Market

Some leading players operating in the China Photovoltaic Market include:

1. LONGi Green Energy Technology Co., Ltd.

LONGi is a worldwide leader in monocrystalline solar products, catering modules and wafers for utility and distributed applications.

2. JA Solar Technology Co., Ltd.

JA Solar creates high-efficiency PV modules utilised in residential, commercial, and utility-scale solar projects.

3. Trina Solar Limited

Trina Solar makes smart energy systems and developed PV solutions, concentrating on smart inverters and energy storage integration.

4. Jinko Solar Holding Co., Ltd.

Jinko Solar caters high-performance solar modules and integrated solutions for large-scale PV installations.

5. Tongwei Solar Co., Ltd.

Tongwei has expertise in polysilicon and high-efficiency cell production, catering as a giant supplier to global module manufacturers.

Government Regulations Introduced in the China Photovoltaic Market

According to Chinese government data, numerous initiatives have been introduced to boost photovoltaic deployment. The “14th Five-Year Plan for Renewable Energy” has the objective to accomplish over 1,200 GW of installed wind and solar capacity by 2030. The Top Runner Program promotes high-efficiency module development. The Whole County Distributed PV Pilot Program encourages mass rooftop installations in rural areas. The Green Electricity Trading Market facilitates direct sales of renewable power between producers and users.

Future Insights of the China Photovoltaic Market

The China Photovoltaic Market Growth is predicted to increase majorly in the upcoming years. This growth is spurred by robust national targets, increasing domestic manufacturing capacity, and rising need for clean energy solutions. Additionally, technological advancement in half-cell and bifacial modules, coupled with floating and BIPV installations, will further expand applications. Rising integration with storage and smart energy systems is predicted to ensure stability and intensify adoption across all market segments.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Modules to Dominate the Market – By Component

According to Kapil, Senior Research Analyst at 6Wresearch, the Modules segment holds the largest China Photovoltaic Market Share due to large-scale domestic manufacturing capacity, ongoing innovation in cell technology, and price competitiveness across export and local projects.

Silicon to Dominate the Market – By Material

The Silicon category leads the China Photovoltaic Industry persist to be the global hub for polysilicon and wafer production, ensuring material accessibility and supply chain efficiency.

Ground Mounted to Dominate the Market – By Installation Type

The Ground Mounted installation type leads due to extensive deployment in utility-scale projects across desert and rural regions encouraged by state-backed programs.

Utilities to Dominate the Market – By Application

The Utilities segment holds the largest market share as large-scale solar farms contribute majorly to China’s renewable energy capacity targets.

Half-Cell PV Modules to Dominate the Market – By Cell Type

The Half-Cell PV Modules category leads due to improved performance, augmented heat tolerance, and higher energy yield compared to traditional full-cell modules.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• China Photovoltaic Market Outlook
• Market Size of China Photovoltaic Market, 2024
• Forecast of China Photovoltaic Market, 2031
• Historical Data and Forecast of China Photovoltaic Revenues & Volume for the Period 2021 - 2031
• China Photovoltaic Market Trend Evolution
• China Photovoltaic Market Drivers and Challenges
• China Photovoltaic Price Trends
• China Photovoltaic Porter's Five Forces
• China Photovoltaic Industry Life Cycle
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Component for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Modules for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Inverters for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Balance of System (BOS) for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Material for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Silicon for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Compounds for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Installation Type for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Ground Mounted for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By BIPV for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Floating PV for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Commercial & Industrial for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Utilities for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Cell Type for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Full-Cell PV Modules for the Period 2021 - 2031
• Historical Data and Forecast of China Photovoltaic Market Revenues & Volume By Half-Cell PV Modules for the Period 2021 - 2031
• China Photovoltaic Import Export Trade Statistics
• Market Opportunity Assessment By Component
• Market Opportunity Assessment By Material
• Market Opportunity Assessment By Installation Type
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Cell Type
• China Photovoltaic Top Companies Market Share
• China Photovoltaic Competitive Benchmarking By Technical and Operational Parameters
• China Photovoltaic Company Profiles
• China Photovoltaic Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Component

• Modules
• Inverters
• Balance of System (BOS)

By Material

• Silicon
• Compounds

By Installation Type

• Ground Mounted
• BIPV
• Floating PV

By Application

• Residential
• Commercial & Industrial
• Utilities

By Cell Type

• Full-Cell PV Modules
• Half-Cell PV Modules