China to Continue Dominating Solar Technology Industry

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China,Solar Technology,Industry

According to WoodMackenzie, China will continue to have a firm grip on solar technology markets, controlling as much as 80% of global polysilicon, solar wafers, cells, and modules production

China, the largest producer of solar technology and the largest user of that technology, will continue to dominate the industry over the next three years. This is according to a new report from Wood Mackenzie that forecasts that as much as 80% of the global production capacity in polysilicon, solar wafers, cells, and modules will be concentrated in China.

This means there is a substantial potential for excess production that will bring prices even further down. In fact, Wood Mackenzie predicts that some Chinese manufacturers would have to work at a loss, shut down factories, or reduce their production capacity. This would mean even cheaper solar cells and modules, at least for a while until the waters clear.

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