China Solar Power Market Overview, 2030

China’s solar power market has become the largest in the world, driven by the country’s ambitious renewable energy targets, abundant sunlight, and robust government policies. With vast expanses of land and an ideal climate for solar energy generation, China is well-positioned to maintain its leadership in solar power. The country’s residential market has grown steadily as homeowners adopt solar power systems to reduce their reliance on the grid and save on electricity costs. In urban areas, government-backed incentives and subsidies have accelerated the installation of solar panels, making it a popular choice for residential consumers. On a larger scale, the commercial and industrial sectors have also seen considerable uptake of solar power solutions. Large businesses, particularly those in the manufacturing sector, have embraced solar energy to lower operational costs and meet increasingly stringent environmental regulations. China’s state-owned enterprises have played a significant role in the development of utility-scale solar projects, contributing to the rapid growth of large solar farms across the country. The nation is home to some of the world’s largest solar farms, particularly in the northwestern regions of Qinghai and Gansu, which generate large amounts of electricity for the grid. Technological innovation has been key to China’s success in the solar power market, with Chinese companies dominating the global solar panel manufacturing industry. In addition, the country’s heavy investment in solar power research and development has resulted in more efficient photovoltaic systems, reducing costs and improving performance. China's commitment to achieving carbon neutrality by 2060 and its strong policy support for renewable energy are set to drive the continued expansion of the solar market.

According to the research report " China Solar Power Market Overview, 2030," published by Bonafide Research, the China Solar Power Market is anticipated to grow at more than 13.04% CAGR from 2024 to 2030. China’s solar market is also shaped by the integration of energy storage systems, which enhance the reliability and efficiency of solar power installations. With solar energy being intermittent, energy storage technologies, such as batteries, allow excess energy to be stored for use when the sun is not shining, ensuring a consistent power supply. Solar-plus-storage systems are gaining traction in both residential and commercial sectors as consumers look for reliable off-grid solutions. The Chinese government’s initiatives to promote clean energy technologies, such as the 13th Five-Year Plan for Ecological and Environmental Protection, have provided a strong policy framework that has attracted significant investment in the solar industry. Additionally, China is integrating solar power with other renewable energy sources, such as wind and hydropower, to create a diverse and resilient energy grid. With the rise of electric vehicles in the country, solar power is increasingly being used to charge electric vehicles, contributing to a cleaner transportation sector. Moreover, China’s focus on improving its energy efficiency and reducing its carbon emissions is leading to the widespread adoption of solar power in the commercial and industrial sectors, where it is being used to power factories, warehouses, and other large facilities. The country’s ability to scale up solar power production and reduce costs has solidified its position as a global leader in renewable energy, and the market is expected to continue growing as China transitions to a low-carbon economy.

The solar power market in China has experienced rapid growth in recent years, driven by advancements in photovoltaic (PV) technology and supportive government policies aimed at reducing the country's reliance on fossil fuels. Photovoltaic systems are the dominant technology in China’s solar market, with the country being the largest producer and consumer of solar panels globally. The widespread adoption of PV technology is attributed to declining production costs, advancements in panel efficiency, and a highly competitive domestic market. China’s vast land area and abundant sunlight, particularly in the western and central regions, provide an ideal environment for large-scale solar installations. In addition to PV, Concentrated Solar Power (CSP) technology is beginning to make its mark in China. CSP systems, which use mirrors or lenses to focus sunlight onto a small area to generate heat and produce electricity, are being increasingly adopted for utility-scale solar plants in regions with high direct sunlight, such as Xinjiang. Despite CSP technology's higher costs compared to traditional PV, it remains an attractive option for utility-scale projects in areas with optimal conditions. Other solar technologies, including thin-film solar panels and solar thermal systems, are also gaining traction in niche applications. Thin-film solar panels are being integrated into flexible, lightweight products that can be used in various industries, such as construction, while solar thermal systems are being adopted for water heating applications. As China continues to lead the global solar power market, technological advancements and large-scale projects will play a significant role in the country's transition to renewable energy.

The solar power market in China is characterized by a wide range of products essential for generating, storing, and utilizing solar energy. Solar panels, particularly monocrystalline and polycrystalline types, dominate the market due to their high efficiency and long lifespan. Monocrystalline panels are favored for their superior performance, especially in residential and commercial applications, as they have higher conversion efficiency and perform better in low-light conditions. Polycrystalline panels, although less efficient, are more cost-effective and are commonly used for large-scale installations, including commercial and industrial projects. In addition to solar panels, charge controllers are essential components of the solar power market. They regulate the power coming from the solar panels to prevent overcharging of batteries, ensuring the longevity of the energy storage system. Batteries, particularly lithium-ion batteries, are seeing increased adoption in China as energy storage solutions become more widespread. Lithium-ion batteries offer high efficiency, long cycles, and minimal maintenance, making them ideal for both residential and commercial applications. With China’s growing push towards electric vehicles (EVs) and grid energy storage, the demand for batteries is expected to rise significantly. Inverters are another critical product, converting direct current (DC) electricity generated by solar panels into alternating current (AC) electricity, which is used by most appliances and the power grid. The adoption of smart inverters has risen in China, as these devices offer advanced grid management, real-time monitoring, and data analytics features that improve system efficiency and integration with the grid. Other solar products in the Chinese market include solar water heaters, solar-powered streetlights, and solar-powered devices. The development of these products is driving the adoption of solar energy in both urban and rural areas, helping to reduce reliance on conventional power sources and support environmental sustainability efforts across the country.

In China, solar power installations vary depending on the type of installation, with ground-mounted, roof-mounted, and other methods being employed based on available space and application needs. Ground-mounted solar systems are prevalent in large-scale utility projects and are increasingly being used for commercial and industrial installations. These systems are typically installed on open land, such as deserts or agricultural fields, and offer flexibility in terms of orientation and panel arrangement to optimize energy generation. China’s vast land area, particularly in regions like Xinjiang, Ningxia, and Inner Mongolia, provides ample space for large ground-mounted solar farms. With the government’s ambitious renewable energy targets and the need for large-scale solar power production to meet growing energy demands, ground-mounted systems will continue to be a significant part of the market. Roof-mounted solar systems are increasingly popular in urban and residential areas due to limited space in densely populated cities. These systems are ideal for homeowners and businesses looking to reduce energy costs and increase their energy independence. Many residential and commercial buildings in China have adopted roof-mounted solar panels, driven by rising electricity prices and government incentives such as feed-in tariffs and subsidies for solar installations. Additionally, building-integrated photovoltaics (BIPV) are gaining popularity in China’s construction sector. BIPV systems integrate solar panels directly into the building’s architecture, such as windows, facades, and roofs, providing both aesthetic value and energy generation. This trend is expected to grow as urban development continues to focus on sustainable building practices. As China’s solar power market continues to expand, a variety of installation methods will ensure that solar energy can be harnessed efficiently across different sectors, from residential to large-scale commercial and industrial applications.



The solar power market in China is experiencing significant growth across multiple end-use sectors, including residential, commercial/industrial, and utility-scale applications. The residential sector has seen a rapid increase in the adoption of solar energy systems, particularly in urban areas where homeowners are seeking ways to reduce their electricity bills and achieve energy independence. With government incentives, including subsidies and tax rebates, more households are investing in solar panels for their rooftops. These residential systems often include batteries for energy storage, allowing homeowners to store excess energy produced during the day for use at night or during periods of low sunlight. As the cost of solar energy systems continues to decline, the residential market in China is expected to grow at an accelerated pace. In the commercial and industrial sectors, solar power is increasingly being used to reduce operational costs, enhance sustainability efforts, and meet corporate social responsibility (CSR) goals. Many businesses, including factories, commercial buildings, and retail chains, are installing solar panels to reduce their dependence on the grid and cut down on electricity expenses. Solar energy offers long-term savings, and large commercial installations are often integrated with energy storage solutions to ensure a consistent power supply. The industrial sector, particularly in heavy industries such as manufacturing and mining, is also adopting solar power to reduce energy costs and ensure sustainable operations. Utility-scale solar power plants are another significant part of China’s solar energy landscape, particularly in regions with abundant sunlight and large areas of available land. Ground-mounted solar farms are being developed at an impressive pace, contributing to China’s overall renewable energy capacity and playing a major role in the country’s efforts to reduce carbon emissions. As China continues to invest in clean energy solutions, the solar power market will continue to grow across various end-use sectors, providing sustainable and cost-effective energy to both urban and rural areas.

Major Companies present in the market:
Canadian Solar Inc., Trina Solar Co., Limited, Jinko Solar Holding Co., Limited, Longi Green Energy Technology Co., Limited, JA Solar Technology Co., Limited, Sunpower Corporation, First Solar Inc., Hanwha Corporation, Abengoa, S.A., Engie SA

Considered in this report
• Historical year: 2018
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Solar power market with its value and forecast along with its segments
• Region-wise solar power market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa

Types of Technology in the report:
• Solar Photovoltaic
• Concentrated Solar Power (CSP)
• Others

By Product
• Solar Panels
• Charge Controllers
• Batteries
• Inverters
• Others

By Installation
• Ground mounted
• Roof mounted
• Others

By Application in the report:
• Residential
• Commercial/ Industrial
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solar power industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.