Solar Panel Manufacturing Moves Out of China

NEW DELHI--January 9, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The global solar market has been heavily reliant on China for a very long time. According to the International Energy Agency (IEA), China's share in all the manufacturing stages of solar panels (such as polysilicon, ingots, wafers, cells and modules) exceeds 80%, dominating the global supply chain. Since the pandemic, however, there has been a gradual but significant shift emerging. Focused on increasing self-reliance as well as reducing supply chain disruptions, several solar panel manufacturing projects outside China have started to come up, with the U.S. and Canada leading the way.