In Short : ICRA has cautioned that India’s solar module manufacturing sector may face consolidation as rapid capacity expansion outpaces near-term demand. With aggressive capacity additions, falling prices, and intense competition, several smaller players may struggle to remain viable. The industry could move toward larger, integrated manufacturers dominating the market while weaker firms face margin […]
Overcapacity in solar module manufacturing industry to moderate profitability of solar OEMs, spur consolidation of smaller/pureplay module players: ICRA – EQ
ICRA expects the solar photovoltaic (PV) module manufacturing capacity in India to increase to over 165 GW by March 2027 from ~109 GW at present, led by strong policy support in the form of the approved list of models and manufacturers (ALMM), which effectively barred the direct import of modules, along with the imposition of […]
China’s Solar Sector Faces Crossroads as Overcapacity and Policy Shifts Cloud Outlook – EQ
In Short : China’s solar industry is facing deepening challenges as demand weakens and prices plunge below production costs, causing heavy losses. At the SNEC conference in Shanghai, firms confront overcapacity, falling exports, and reduced government support. Output is declining, while provinces halt price guarantees. Industry leaders are now focusing on pricing reforms and strategies […]
