Published on : Apr 12, 2016
ALBANY, New York, April 12, 2016: The report delves into various facets of why renewable energy sources are gaining traction in China, with an emphasis on solar power for energy needs.
The report is an all-important tool for comprehending the factors that will influence the development of the photovoltaic industry in China for the 2016-2020 period, based on information for the 2011-2015 period. This mainly includes information on the environmental policy and economic conditions. The report also looks into the development and distribution pattern of photovoltaic energy, with insights into the output volume until the end of the forecast period. Going ahead, a demand analysis of photovoltaic energy in the international and domestic markets is presented herein. Finally, the report concludes with a scrutiny of investment opportunities and recommendations for the same.
The report analyzes the reasons for the rapid development of the photovoltaic industry in China in the recent past. In 2007, China stood as the largest producer of photovoltaic products, with net exports worth US$2,838 mn. With a year-on-year increase of 15.09%, the total of imports and exports of photovoltaic products in China amounted to US$18.28 bn in 2014. Breaking this up, export increased 17.27% on a year-on-year basis and amounted to US$14.41 bn, while import increased 7.62% on a year-on-year basis to be valued at US$3.87 bn in 2014.
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However, after 10 years of steady progress, the China photovoltaic industry witnessed stagnation due to shrinking of the overseas photovoltaic market in 2011. To address this, developing the domestic photovoltaic industry was on the agenda of government and private enterprises involved in energy production. This reinstated the China photovoltaic market as a crucial area in renewable energy production.
China receives an enormous of solar energy due to its geographical location. With distances of more than 5,000 km between the north and south and the west and east ends of the country, China has an abundance of solar energy. Most places receive solar radiation at a rate of more than 4 kWh/m2 with an annual sunshine duration of over 2,000 hrs. This amounts to solar energy reserves equivalent to the energy produced from 1.7 trillion tons of coal every year.
The report mentions top companies that had a significant presence in the China photovoltaic industry between 2011 and 2015. A detailed competitive profile for each of them is included herein. The key module manufacturers in the China photovoltaic market were Canadian Solar Inc., HAREON SOLAR Co. Ltd., Zhejiang Renesola, Risen Energy Co. Ltd., Trina Solar, JA SOLAR Co. Ltd., Hanwha SolarOne Co. Ltd., JinkoSolar Holding Co. Ltd., Yingli Solar, and Astronerg.
In this market, the key manufacturers of photovoltaic power station inverters were Sungrow Power Supply Co., Ltd., East, Zeversolar, Huawei Technologies Co., Ltd., Kstar, Surpass Sun Electric, Chint Power, Kelong, TBEA, and Wuxi God's Power New Energy Co. Ltd.
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