China dominates global supply of solar panels and wind turbines

Top players gain market share in renewable energy, EV supply chains

20240910N solar panels

All of the top five global suppliers of solar panels last year hailed from China. © Reuters

KAZUKI YAMAGUCHI and MISAKI MORIKAWA, Nikkei staff writers

TOKYO -- China's grip on the global supply chain for renewable energy tightened last year, a trend that has fueled trade tensions with the U.S. and Europe.

Chinese companies in the top five suppliers of 71 key products and services increased their market share in 21 categories compared with 2022, Nikkei research shows. Their total share exceeded 30% in 13 cases.

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