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One study published by Wood Mackenzie provides that the China will be responsible for more than 80% of global manufacturing capacity in polysilicon, wafer, photovoltaic cells and modules between the years of 2023 and 2026.
That market dominance will happen Even with the growth of other markets, such as the United States, India and the European Union, which, in recent years, have started to adopt more aggressive policies to encourage the production of these inputs.
According to the study, only this year, The China would have already invested more than US$ 130 billion in solar industry – which will help the Asian country to make its photovoltaic capacity sufficient to meet the annual demand of the entire planet by 2032.
Huaiyan Sun, senior consultant at Wood Mackenzie and author of the report, highlights that China's solar manufacturing expansion has been driven by high margins for polysilicon, technology upgrades and the development of local manufacturing in overseas markets.
For the executive, the government policies adopted in foreign markets are not yet competitive in terms of costs compared with Chinese supply.
According to the Wood Mackenzie survey, nowadays a photovoltaic module made in China is, for example, about 50% cheaper than that produced in Europe It is 65% cheapest that the U.S.
“China will still dominate the global solar energy supply chain and will continue to widen the technology and cost gap with its competitors,” Sun said.
