Wind and solar surpassed a quarter of China's electricity generation for the first time in April 2025. China is the largest market in the world for both photovoltaics (PV) and solar thermal energy. Its PV capacity crossed 1,000 gigawatts (one terawatt, 1 TW).
Policymakers in some of the world's largest economies are reducing support for solar power generation. Even so, Goldman Sachs Research expects rapid growth in the sector, with global solar installations set to rise to 914 Gigawatts (Gw) in 2030, 57% above 2024 levels.
Explore the updated 2026 list of China's top 10 solar companies, including leading PV manufacturers like JinkoSolar and specialists like Grace Solar. Learn about their market focus and key strengths.
Although first-generation parabolic trough plants remain the most proven and reliable CSP technology, second-generation CSP plants using molten-salt towers are increasingly being deployed, primarily in China. 2 The global CSP market has shown signs of a renewed dynamic.
This overview of the solar power industry covers the segment of industry participants, customer segments, suppliers, value chain, industry concentration, competitive strategies, trends, and a list of companies in the industry.