Germany Remains the World’s Largest Producer in Photovoltaics Market

Date: 2015-08-17

The photovoltaics bucked the trend and top PV manufacturers upheld the Chinese market in the first half year of 2015.

Recently, the National Bureau of Statistics of China announced China GDP growth at 7% in 2nd quarter, which showed its economic remained strong and stable. Although the manufactures’ growth rate lower than the GDP, the photovoltaics still grew against industrial trend, as the data from National bureau of Energy revealed the photovoltaic Grid-connected capacity reached 7GW-8GW during the past two quarters, and estimated 12GW-13GW would be installed for the next half year of 2015, which will exceed total capacity of 2014.

More than 100 countries use PV. China is now fastest growing market, followed by Japan and the United States, while Germany remains the world’s largest producer, contributing more than 7% to its national electricity demands.

Graphs top 10 ten global PV manufactures:

Company

Country

Capacity (MW)

Production (MW)

1

Suntech

China

1100

750

2

JA Solar Holdings

China

800

550

3

Sharp

Japan

710

595

4

Yingli

China

600

530

5

Trina Solar

China

600

400

6

Q-Cells

Germany

500

551

7

SolarWorld

Germany

500

310

8

Canadian Solar

Canada

420

350

9

China Sunergy

China

320

280

10

United Solar Ovonic

US

150

110

A Chinese industry insider said the photovoltaics was under buttress from government policy, and other positive factors, the financial institutes keep an upbeat expectation for the PV, believe its new growth cycle is coming, meanwhile, an official from government expressed the market would be surely broke through 100GW Grid-connected capacity in 2020 in China.

Along numerous advantages, the global various technology PV companies try to vary their specializations in order to achieve a comprehensive global niche, those companies including Hangery Inc from China, Taiwan Motech Inc, etc.

Graphs Global PV market by technology in 2014:

photovoltaics 

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