Press release
China Renewable Energy Market Growth Accelerates: Solar Leadership and Energy Storage Push Capacity to 4.75 Thousand GW by 2031
China Renewable Energy Market
According to Mordor Intelligence, the China renewable energy market [https://www.mordorintelligence.com/industry-reports/china-renewable-energy-market?utm_source=abnewswire] Size is expected to reach 4.75 thousand gigawatts by 2031, up from 2.65 thousand gigawatts in 2026, reflecting a 12.36% CAGR. This growth is anchored in Beijing's commitment to achieving carbon neutrality by 2060, reinforced by policy reforms, declining costs of solar and wind technologies, and expanding corporate power purchase agreements. Utilities remain the backbone of the market, while commercial and industrial buyers are increasingly adopting renewable solutions to meet sustainability goals and avoid provincial quota penalties.
China Renewable Energy Market Major Trends
Policy Push
China's long-term carbon neutrality commitment and strict provincial requirements are driving the rapid adoption of renewable energy across the country.
Solar Leadership
Solar power continues to stand out as the most influential source of renewable energy, maintaining its position as the leading contributor to overall capacity.
Emerging Ocean Power
Ocean-based energy solutions are gaining attention as one of the most promising frontiers, with strong potential for future growth.
Explore Regional Market Dynamics with Customized Editions, Including Japan: https://www.mordorintelligence.com/ja/industry-reports/china-renewable-energy-market?utm_source=abnewswire
China Renewable Energy Segmentation
By Technology:
* Solar Energy (PV and CSP)
* Wind Energy (Onshore and Offshore)
* Hydropower (Small, Large, Pumped Storage)
* Bioenergy
* Geothermal
* Ocean Energy (Tidal and Wave)
By End-User:
Utilities
Utilities remain the largest and most influential segment, serving as the backbone of renewable energy expansion and ensuring reliable distribution across the national grid.
Commercial and Industrial
The commercial and industrial sector is steadily increasing its adoption of renewable energy, driven by sustainability goals and long-term agreements that support cleaner operations.
Residential
Residential adoption is progressing at a slower pace, with growth tempered by regulatory and property-related challenges that limit widespread deployment.
Explore Competitive Landscape Details: https://www.mordorintelligence.com/industry-reports/china-renewable-energy-market/companies?utm_source=abnewsire
Top Key Players
* China Three Gorges Corporation
* State Power Investment Corporation
* China Huaneng Group
* China Datang Corporation Renewable Power
* China General Nuclear New Energy
* Xinjiang Goldwind Science & Technology Co. Ltd
* LONGi Green Energy Technology Co. Ltd
* JinkoSolar Holdings Co. Ltd
* Trina Solar Co. Ltd
* JA Solar Technology Co. Ltd
Dominating Country
China is the dominant country in the global renewable energy market, accounting for the largest installed capacity worldwide. Its leadership stems from aggressive government mandates, cost competitiveness in solar and wind manufacturing, and massive investments in transmission infrastructure. With over 1,200 GW of combined wind and solar targeted by 2030, China's renewable energy expansion not only secures domestic supply but also influences global supply chains.
Conclusion
The China Renewable Energy Market is entering a new phase of accelerated growth, driven by policy, cost competitiveness, and industrial demand. Solar energy remains the cornerstone, ocean energy emerges as a high-growth frontier, and utilities continue to anchor capacity expansion. With strong participation from leading companies and government-backed initiatives, China is set to maintain its global leadership in renewable energy through 2031.
Related Links
China Wind Energy Market [https://www.mordorintelligence.com/industry-reports/china-solar-energy-market]
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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