London, 10 November 2014 – Rising government support in the form of project approvals, tax rebates and financing will lead to growth in the Photovoltaic Industry in China, which is expected to grow at a CAGR of 30.9 percent from 2015-2019, according to TechNavio.
The Chinese Government has initiated programs to motivate the solar industry, such as Golden Sun and Rooftop Solar. These instruments are designed to encourage investments in technologies related to solar photovoltaic production and installations.
About the Report
The new report from TechNavio indicates that this increased support from the Chinese Government has led to an unprecedented growth of the overall solar industry in the country. National authorities are encouraging companies to manufacture photovoltaic modules at lower prices by providing subsidies through financing, tax redemptions and R&D support.
“China has led global investments in the Solar Industry with a huge amount of investment in clean technologies during the third quarter of 2014,” says Faisal Ghaus, Vice President of TechNavio.
“Private companies like Anwell, Hanergy and Hareon Solar have many photovoltaic projects in the pipeline and they are expected to pump billions of dollars in the industry to take full advantage of the conducive environment and regulatory policies in China.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Government Support
- For a full detailed list, view our report.
Market Challenges:
- Anti-dumping Duties
- For a full detailed list, view our report.
Market Trends:
- Cost Reduction alongside Increased Efficiency
- For a full detailed list, view our report.
Key Vendors:
- China Sunergy Co. Ltd.
- JinkoSolar Holding Co. Ltd
- Suntech Power Holdings Co. Ltd.
- Trina Solar
Other Prominent Vendors:
- Chint Group
- Hanwha SolarOne
- JA Solar Holdings
- E-Ton Solar Tech
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
