The upstream industry chain of solar container

What is the global solar PV supply chain worth?

In that last year, the global solar PV chain reached an industrial business value of some 104.7 billion U.S. dollars, with China dominating the market, and followed by the United States and Malaysia. Discover all statistics and data on Global solar PV supply chain now on statista.com!

Are solar PV supply chains cost-competitive?

Currently, the cost competitiveness of existing solar PV manufacturing is a key challenge to diversifying supply chains. China is the most cost-competitive location to manufacture all components of the solar PV supply chain. Costs in China are 10% lower than in India, 20% lower than in the United States, and 35% lower than in Europe.

What role will China play in the solar PV supply chain?

However, irrespective of European regional goals, China will maintain a predominant role in the solar PV supply chain due to the advantages of manufacturing capacity and costs, and the need to expand global capacity by over 1.5 times.

Should solar PV supply chains become more diversified and resilient?

Hence, from a sustainability perspective, it is critical that these supply chains become more diversified and resilient. Emerging markets and developing economies (such as India and Southeast Asian countries) are beginning to increase their engagement in solar PV supply chain activities.

What does Europe mean in a solar PV supply chain?

In the main text, Europe (EUR) indicates the region that includes Germany, Switzerland, and ROE. Each region is modeled as a node with PV demand, production capacity, and production costs. The supply chain itself considers the production of solar PV’s five main components: polysilicon, ingots, wafers, cells, and modules.

Why is supply chain development important for solar photovoltaic (PV) capacity growth?

Supply chain development is crucial for solar photovoltaic (PV) capacity growth; however, most of its crucial value chain segments are concentrated in specific geographies such as China, Europe and the United States. Hence, from a sustainability perspective, it is critical that these supply chains become more diversified and resilient.