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2019-06-18
220
China
Market Overview
China installation of a solar energy system has outperformed globally. In 2011, it had installed 200 MW solar park, the largest solar farm in that year. And then in 2017, China has completed the world’s largest floating solar farm with an operational capacity of 40 MW and it is expected to reach 150 MW in 2018, benefitting nearly 15,000 homes. Floating solar farm is built on an abandoned coalfield, denoting the inclination of the government to shift towards renewable sources of energy. Thus rising adverse environmental impacts due to use of non-renewable resources of energy is driving the growth of installations of solar farms. China is further expected to install 54 GW (Gigawatt) of solar energy, surpassing the capacity of Japan in 2018. Other solar farms such as panda-shaped solar farm, ‘panda power plant’ is built on 1500 acres of land in cooperation with the (United Nations Development Program (UNDP). The project in 2017 is halfway completed and after completion, it is expected to produce 100 MW of energy. Goldstein Research analyst forecast that the China solar farm market is set to reach nearly USD 60 billion by 2024, growing at a CAGR of 9.1% over the forecast period (2017-2025).
By Photovoltaic Cells Technology
On the basis of technology, inorganic cells segment dominated the market with a share of nearly 61% on the back of its continuous use in different sectors of the economy. Over the forecast period organic cells market share is expected to grow at a higher CAGR of 9.8%.
By Equipment
By End-User
The report covers the present ground scenario and the future growth prospects of the solar farm market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the China region.
China Solar Farm Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the China solar farm market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “China Solar Farm Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
Our China solar farm market report comprises of the following companies as the key players: CHINT Group Corporation, JA Solar Holdings, Sungrow Power Supply Co. Ltd, Jinniu Energy, China Sunergy, Hanwha SolarOne, Huawei Technologies, Trina Solar, Xiamen Kehua Hengsheng Co. Ltd, Yingli Sola, Jinko Solar, Renesola, etc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Key questions answered in this China Solar Farm Market Report
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