Market Size of China Distributed Solar Power Generation Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 10.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Distributed Solar Power Generation Market Analysis
The Chinese distributed solar power generation market is expected to register a CAGR of more than 10% during the forecast period, 2020-2025. Factors, such as rising environmental concerns and high cost of grid expansion, are expected to be the major drivers driving the market. Additionally, advancement in technology leading to solar panel manufacturing cost reduction and increase in efficiency has been a significant factor for the growth of China's distributed solar power generation market. However, recent cuts in subsidies for solar power generation in the country have somewhat hampered the growth of the market.
- The gradual shift from energy generation from conventional sources, such as coal and natural gas, to clean energy, is expected to help grow China distributed solar power generation market.
- Commercial and industrial sectors are increasingly showing interest in distributed solar power generation, due to various economic benefits and a constant source of energy to eliminate downtimes and equipment damage, due to voltage fluctuations in conventional power grids. This has created a huge opportunity for distributed solar power generation market in the region.
- The country accounts for over 30% of global solar energy generation, amounting to 177.5 TWh in 2018. Therefore, China is expected to play a crucial role in the Asia-Pacific distributed solar power generation market as well in the coming years.
China Distributed Solar Power Generation Industry Segmentation
The Chinese distributed solar power generation market report include:
| End User | |
| Residential | |
| Commercial and Industrial |
China Distributed Solar Power Generation Market Size Summary
The Chinese distributed solar power generation market is poised for significant growth, driven by increasing environmental concerns and the high costs associated with grid expansion. Technological advancements have further propelled this market by reducing solar panel manufacturing costs and enhancing efficiency. The transition from conventional energy sources like coal and natural gas to cleaner energy alternatives is expected to bolster the market's expansion. The commercial and industrial sectors are particularly interested in distributed solar power due to its economic benefits and the reliability it offers in mitigating downtimes and equipment damage caused by voltage fluctuations in traditional power grids. This shift has created substantial opportunities for the distributed solar power generation market in China, which already accounts for a significant portion of global solar energy generation.
Despite its promising growth trajectory, the market faces challenges, particularly due to recent government subsidy cuts aimed at alleviating pressure on transmission systems and addressing a substantial subsidy payment backlog. These cuts, part of China's '531' policy, are anticipated to slow the growth of solar capacity compared to previous years. Nonetheless, the demand for clean energy continues to drive the market, with expectations of increased distributed solar PV capacity. Rooftop solar installations are also gaining traction, providing electricity access and cost savings in remote areas. The market remains fragmented, with key players like Wuxi Suntech Power Co. Ltd, Shenzhen Yingli New Energy Resources Co. Ltd, and Trina Solar Limited playing significant roles in its development.
China Distributed Solar Power Generation Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Installed Capacity and Forecast in MW, till 2025
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1.3 Recent Trends and Developments
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1.4 Market Dynamics
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1.4.1 Drivers
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1.4.2 Restraints
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1.5 Supply Chain Analysis
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1.6 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 End User
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2.1.1 Residential
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2.1.2 Commercial and Industrial
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2.2
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China Distributed Solar Power Generation Market Size FAQs
What is the current China Distributed Solar Power Generation Market size?
The China Distributed Solar Power Generation Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in China Distributed Solar Power Generation Market?
Wuxi Suntech Power Co. Ltd., Shenzhen Yingli New Energy Resources Co., Ltd , CSUNPOWER Technology (Nanjing) Co., Ltd , Sharp Solar Energy Solutions Group and Trina Solar Limited are the major companies operating in the China Distributed Solar Power Generation Market.
