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China's PV products have a higher global market share

The trade frictions made in the United States are difficult to hinder the globalization of China's photovoltaic industry. In the past eight years, China's PV products have become more and more popular in the global market.

Sino-US PV trade friction has been in existence for a long time. From 2011, the United States launched an investigation into “anti-dumping” and “counter-subsidy” and began to impose tariffs. In 2014, the United States began to open a second double-reverse investigation against China. In May 2017, the United States launched a “201” survey of solar cells and components exported worldwide, with an additional 30% tariff on global PV cell modules. In 2018, in the list of tariffs for Chinese products, there is no shortage of PV industrial inverter equipment such as photovoltaic inverters and controllers.

Although the United States has implemented double-reaction on Chinese PV products and imposed tariffs on some products, the global market share of Chinese companies has been increasing. Export demand is mainly driven by emerging overseas markets such as India, Australia, Brazil and Mexico.

In the past eight years, China's PV products have become more and more popular in the global market, and the US market is no longer the main market for domestic PV products exports. At present, in the global 100 GW PV market, the domestic market accounts for about 50% to 60%. In addition, emerging markets such as Southeast Asia, South Asia, Latin America and the Middle East are gradually replacing the export volume of US components and battery chips.

In addition, domestic leading PV companies are also actively deploying global markets, mitigating the possible impact of trade frictions by setting up factories in Vietnam, Thailand, Malaysia, or directly in the United States.

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