To address the needs of the fast growth of the PV power industry in China, it is critical to identify, analyze and understand the growth path and the characteristics of the industry.
Why is the Chinese solar industry at a pivotal point?
The Chinese solar industry is at a pivotal point. Rapid solar capacity expansion overwhelms the grid, PV manufacturers compete for market shares, and then large target markets slap import tariffs on Chinese PV products, taking off their competitive edge.
What is the current status of solar energy development in China?
Yao and Cai (2019) analyzed the current status of solar energy development in China, presenting the distribution of solar resources, the history of the PV industry, and the development of core technologies in China. The results showed that the Chinese PV industry still needs innovative solutions to meet the market demand.
What will China's solar PV power market look like in 10 years?
In the next 10 years, China's solar PV power market will turn from independent power systems to grid-connected power systems, which will include desert power stations and city roof power systems. The growth route of the policies to the solar PV power projects are shown in Fig.8.
What factors influence the Chinese solar PV industry?
The great demand of global markets is believed to be one of the most important factors. Zhang et al. showed that the Chinese solar PV industry has been influenced greatly by overseas markets, for example in European countries such as Germany. Another important factor is the active role of the Chinese government, with its various policy tools.
The result of this investment is that China has a number of the world's leading PV companies as well as the successful establishment of research and development centers . Another factor that will increase the market for the solar PV power industry is China's demand for electricity, which continues to grow rapidly.
China is playing an increasingly immense role in the PV electricity supply. It has been estimated that nearly 40% of the global installed PV capacity will be held by China by 2023 (International Energy Agency 2018).