Production status of all links at the manufacturing end of photovoltaic industry in 2021

A total of 182GW of new pv capacity will be installed globally in 2021, up 26% from the 2020 level; But the scale of component production has been exceeded by stockpiling, particularly in India, where producers seek tax credits, but also in other countries.

High spot prices for polysilicon and silicon wafers have prompted manufacturers to increase both internal capacity and output.

The pv cell and module business consolidated, and the top 10 players increased their overall market share.

The market share of thin-film modules remains below 4%, and only First Solar continues to produce them commercially.

Tariffs and local support policies in India, the US and the EU have boosted local component production, but China still accounts for 89 per cent of global component production (including factories outside China).

A total of 182GW of new pv capacity will be installed globally in 2021, up 26% from the 2020 level; But the scale of component production has been exceeded by stockpiling, particularly in India, where producers seek tax credits, but also in other countries.

High spot prices for polysilicon and silicon wafers have prompted manufacturers to increase both internal capacity and output.

The pv cell and module business consolidated, and the top 10 players increased their overall market share.

The market share of thin-film modules remains below 4%, and only First Solar continues to produce them commercially.

Tariffs and local support policies in India, the US and the EU have boosted local component production, but China still accounts for 89 per cent of global component production (including factories outside China).