The world will almost completely rely on China for the supply of key building blocks for solar panel production through 2025. Based on manufacturing capacity under construction, China’s share of global polysilicon, ingot and wafer production will soon reach almost 95%.
What sets China apart is its comprehensive oversight spanning every facet of solar panel manufacturing. The integrated control over every stage, from raw materials like polysilicon to the final panel product, has given solar companies in China a strategic advantage, enhancing their global competitiveness.
But building an industry that can stand on its own will be difficult. China produces practically all of the world’s equipment for making solar panels, and almost all of the supply of every component of solar panels, from wafers to special glass.
China is the global powerhouse in solar panel manufacturing, driving the industry with unparalleled production capabilities and cutting-edge technological advancements. As the world’s leading producer, China commands over 95% of the global market for key components such as polysilicon, ingots, and wafers, essential for solar panel production.
A new report by Wood Mackenzie reveals that China will control over 80 percent of the world’s production of polysilicon, wafers, cells, and modules – the critical components of solar panels – from 2023 to 2026.
Beijing is set to further increase its manufacturing and installation of solar panels as it seeks to master global markets and wean itself from imports. China unleashed the full might of its solar energy industry last year. It installed more solar panels than the United States has in its history.