Share of global solar PV demand excluding China by component that can be met without China, 2024

Sources

IEA analysis based on IEA (2025) World Energy Outlook 2025, IEA (2025) Global Critical Minerals Outlook 2025, Benchmark Minerals Intelligence (2024), BNEF (2025a), EV Volumes (2025), WindEurope (2023), InfoLink (2025), S&P Global (2025) and ChinaIOL (2025).

Notes

STEPS = Stated Policies Scenario. For the midstream and downstream, manufacturing capacities are used, while for critical minerals and materials, production is used. Assumes production outside of China is set to 85% of nameplate capacity. For inverters and solar glass, production from Asian countries outside of China is classified as Rest of world.