How has global solar PV manufacturing capacity changed over the last decade?

Global solar PV manufacturing capacity has increasingly moved from Europe, Japan and the United States to China over the last decade. China has invested over USD 50 billion in new PV supply capacity – ten times more than Europe − and created more than 300 000 manufacturing jobs across the solar PV value chain since 2011.

Which country produces the most solar panels in the world?

In addition to dominating the PV module production market, China is also the global leader in installed PV capacity. What’s more, most of the leading solar companies worldwide headquartered in China. Get notified via email when this statistic is updated. * For commercial use only Access limited to Free Statistics.

Which country produces the most photovoltaic modules in 2023?

In 2023, China accounted for almost 85 percent of the global photovoltaic (PV) module production. The country representing the second-largest share of PV production was Vietnam, accounting for just 3.4 percent.

Which countries produce solar PV?

Australia Spain Canada Portugal United States Switzerland Europe Thailand Finland France Belgium Japan Italy Poland World Indonesia Greece Mexico China South Africa Netherlands Chile Korea 0 60 20 40 0 4 8 12 Solar PV manufacturing capacity and production by country and region, 2021-2027 - Chart and data by the International Energy Agency.

What is the global solar PV panels market size?

The global solar PV panels market size was estimated at USD 170.25 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2030.

Which countries have the most PV installations in the world?

The majority share of global PV installations is held by Asia-Pacific and has once again increased in 2023, rising to over 60%, with a cumulative installed capacity of at least 947 GW. A closer look shows us that it is China, not Asia-Pacific as a whole, that has increased its share (see Figures 6A and 6B).