Comparison of PV Technology Installation Structure in Major Markets 2023
In 2023, major PV markets (China, US, Europe, India, Brazil) show distinct technology adoption patterns: China leads in PERC and TOPCon, while Europe and US have higher shares of HJT and thin-film.
Analysis of PV Technology Installation Structure in Major Markets 2023
- China: New installations ~200GW. PERC dominates (60%), TOPCon grows rapidly (30%), HJT and thin-film ~10%. Chinese manufacturers have cost advantages in PERC and TOPCon, driving global supply.
- United States: New installations ~30GW. PERC 50%, TOPCon 17%, HJT 7%, thin-film and others 26% (influenced by domestic players like First Solar). Tariff exemptions on bifacial modules affect technology mix.
- Europe: New installations ~60GW. PERC 50%, TOPCon 25%, HJT 8%, thin-film 17%. High demand for efficient modules in distributed projects boosts TOPCon and HJT adoption.
- India: New installations ~15GW. PERC 53%, TOPCon 27%, HJT 7%, thin-film 13%. Limited domestic manufacturing; relies on Chinese imports, but policies encourage local production.
- Brazil: New installations ~10GW. PERC 50%, TOPCon 20%, HJT 5%, thin-film 25%. High irradiation and price sensitivity favor PERC; thin-film used in utility-scale plants.
Overall Trend: PERC remains dominant globally (~55%), TOPCon share rises to ~22%, HJT and thin-film combined ~23%. Chinese companies accelerate PERC and TOPCon capacity, while Western markets demand high-efficiency and differentiated technologies.
Data are estimated based on BNEF, IEA PVPS, and industry publications; actual figures may vary.
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