According to Wood Mackenzie, China is expected to supply more than half of the world’s electricity by 2050. With its cost advantages, China’s solar modules cost only $0.15 per watt, significantly lower than those in India, Europe, and the United States. However, finding a reliable solar panel manufacturer can be challenging.
Here are three effective methods to discover and connect with Chinese solar panel manufacturers: Attending trade shows is one of the most effective ways to find manufacturers of solar panels or other products in China. The Canton Fair is the most well-known comprehensive trade show, suitable for those interested in various products.
An analysis of the annual export value of Chinese solar panels in USD shows that by 2022, China’s solar panel production had reached 1.4 trillion yuan, accounting for over 80% of the global solar product capacity.
Jiangsu Province is renowned as one of China’s largest solar panel manufacturing hubs. Located on the east coast, it has the advantage of being near ports, which facilitates the ease of exporting solar panels. The province hosts a multitude of solar panel manufacturers in China, including Trina Solar, one of the world’s largest.
According to the China Photovoltaic Industry Association, the country is set to install up to 120 GW of solar power in 2023. But manufacturers should have big module inventories accumulating, noted another source, which if unleashed on the market may suggest more downslides on the horizon.
Chinese manufacturers continue to lead the global solar panel market, and the EU remains a key buyer. Trade dynamics between China and the EU are still evolving, especially as demand for renewable energy grows.
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