Boston, MA -- (SBWIRE) -- 08/20/2015 -- Solar power refers to the conversion of sun's energy into electricity, using PV cells or indirectly by using CSP. It is used in power plants where electricity is produced using photo electric or thermos electric technology. Solar power helps in saving fuel and reduces carbon emissions.

Technavio forecasts the solar power market in China to grow at a CAGR of 26.1% during 2015-2019.

Commenting on the report, an analyst from Technavio's team said: "The increase in the production of solar panels. Low raw material costs and support from the government make China an attractive solar panel manufacturing location, and this has grabbed the attention of several vendors. "

According to the report, the need for a reduction in environmental impact is one such driving factor in the market. The Chinese Government is also focusing more on the development of solar energy and its growth potential, and several government initiatives have attracted a number of vendors.

Get More Details on this Report and a Full Table of Contents at Solar Power Market in China 2015-2019

Further, the report states that the growth of solar power in China could be hampered due to its inefficiency at night. Solar power is only 40-80% reliable, as it cannot generate electricity at night due to the non-availability of sunlight.

The key players in the Solar Power Market in China are Trina Solar, Jinko Solar, Suntech Solar, and Yingli Power Holdings while other prominent vendors include Canadian Solar, JA Solar, Renesola Solar, Hanwha Solar, LDK Solar.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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