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In 2024, China accounted for over 85 percent of the global photovoltaic (PV) module production. The country representing the second-largest share of PV production was India, accounting for just 3.3 percent.
Solar is one of the fastest-growing energy technologies in the global market, as the average cost of using solar PV has decreased over the years. Recent years have seen impressive annual growth in the global production volumes of solar modules. At the same time, the average installed cost for solar photovoltaics has consistently decreased every year since 2010. Investments in solar photovoltaic energy worldwide have grown rapidly in the last few years.
In addition to dominating the PV module production market, China is also the global leader in installed PV capacity. What’s more, most of the leading solar companies worldwide headquartered in China.
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November 2025
Worldwide
2024
Share of over 100 percent might be due to rounding
Global solar PV module production 2000-2024
Global solar PV module production breakdown 2018-2023, by technology
Major solar PV module manufacturers in China 2023, by production output
Major solar PV module manufacturers in China 2023, by production capacity
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Key Figures
Current State
Competitors
Solar Industry – United States
Solar Industry – Worldwide
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