The recent increase in prices across the photovoltaic (PV) industry chain has garnered significant attention. Industry analysts believe that this price surge is closely linked to a “rush to install” in the solar power sector. Recently, relevant authorities announced regulations regarding solar power and new energy pricing, which clarified that commercial distributed PV projects that are connected to the grid before April 30 can enjoy higher subsidy rates, while projects connected after this date will not be able to sell their electricity at full price. As a result, many companies are hurrying to install systems ahead of this deadline, causing a sharp rise in demand for PV products.
Stimulated by these policies, the overall demand for the PV industry has surged, leading to a tense supply situation for components. According to the latest surveys, there is an expected small peak in PV demand during March and April, which may drive up prices in the industry chain during the second quarter. In particular, distributed PV projects are anticipated to reach their installation peak in the second quarter, further exacerbating the supply-demand imbalance in the market.
With all newly commissioned distributed PV projects entering the electricity market for trading, and prices being determined through bidding, fluctuations in the PV industry chain prices may become more frequent in the future. The solar power sector will need to closely monitor market dynamics and enhance collaboration along the industry chain to effectively address the challenges posed by market changes.
Data from Tianyancha Professional Edition indicates that there are currently over 1.073 million PV-related enterprises operating in China. As of 2025, approximately 61,000 new PV-related companies have been registered. The trend in enterprise registration indicates a yearly increase in the number of PV-related businesses over the past five years, with the total expected to peak in 2024 at over 247,000 companies. In terms of regional distribution, Jiangsu, Guangdong, and Shandong provinces lead in the number of PV-related enterprises, with these three regions collectively accounting for over 358,000 companies, or 33.4% of the total. Additionally, analysis from Tianyancha indicates that about 3.8% of PV-related enterprises are involved in judicial cases.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/surge-in-photovoltaic-industry-prices-as-chinas-solar-companies-exceed-1-073-million/
