Technical FAQs 4

How can the solar PV industry support growing demand?

Annual investment levels need to double throughout the supply chain. Critical sectors such as polysilicon, ingots and wafers would attract the majority of investment to support growing demand. The solar PV industry could create 1 300 manufacturing jobs for each gigawatt of production capacity.

How much is the solar PV module market worth in 2023?

According to GlobalData’s Solar PV Modules and Inverters Market Trends and Analysis report, the global solar PV module market was valued at $102.76bn in 2023. The Asia-Pacific (APAC) region led the charge in 2023, registering $60.15bn.

Does China still dominate the global solar PV module market?

China continues its dominance of the global solar PV module market. Declining costs of PV module production have made solar installations more affordable globally. Source: abriendomundo/Shutterstock.com.

How many dumping and import taxes are imposed on solar PV?

Since 2011, the number of antidumping, countervailing and import duties levied against parts of the solar PV supply chain has increased from just 1 import tax to 16 duties and import taxes, with 8 additional policies under consideration. Altogether, these measures cover 15% of global demand outside of China.

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