Solar Photovoltaic Market in China to be Driven by Growing Demand for Energy across Utilities Sector

Published Date : May 16, 2016

ALBANY, New York, May 16, 2016: has added a new research report to its repository. The report, titled “Solar Photovoltaic (PV) In China, Market Outlook To 2030, Update 2016 - Capacity, Generation, Levelized Cost Of Energy (LCOE), Investment Trends, Regulations And Company Profiles,” offers a detailed overview of the solar photovoltaic market in China and analyzes the significant trends and potential growth opportunities for the market during the period between 2015 and 2030. The key factors impacting the demand for solar PV in the country have been discussed in the report. Profiles of a few major players operating in the market have been included.

Growing concerns regarding energy conservation has led to the demand for renewable sources of energy. Solar energy is one of the key components in renewable energy mix. Solar cells, also known as photovoltaic (PV) cells are capable of converting sunlight directly into electricity. Photovoltaic (PV) cell derive its name from the process of conversion of light (photons) to electricity (voltage). In PV cells, semiconductors are used as electrons in semiconductors can be freed by solar energy. These freed electrons can be induced to travel through an electrical circuit, thereby powering electrical devices or sending electricity to grid. With the rapid growth of China’s economy, the demand for energy across the utilities sector in China has surged. In the utilities sector, large arrays of solar panels are used to convert energy from sunlight directly into electricity.  

The report offers an executive summary of the global renewable power market and points out that government support in conjunction with technology development will play a pivotal role in renewable power installations. Though thermal power is the dominant source in power mix, the demand for renewable power is rising due to growing concerns about carbon emissions.

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Focusing on the power market in China, the report analyzes the cumulative installed capacity on the basis of fuel type during the period between 2015 and 2030. The regulatory scenario in the China power market has been described in the report. China is anticipated to join the International Renewable Energy Agency soon. To support solar power, China has initiated Golden Sun Program and has introduced subsidies for solar PV in rural areas. Taxation measures, feed-in-tariff, grid access, renewable energy law amendments, new carbon intensity target, and renewable energy targets introduced by Chinese authorities will propel the growth of the solar PV market in the country.

Describing the competitive landscape, the report profiles some of the key players in the China solar PV market such as Shanghai Solar Energy S&T Co. Ltd., Concord New Energy Group Ltd., CHINT Group, and China Power Investment Corporation. The report offers detailed information about the key players including their company overview, major products and services, and business segmentation. Through SWOT reports, the report analyzes the various growth opportunities for the key players in the near future.

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