China’s solar dominance set to continue amid price slide
- Admin
- May 16, 2024
- 1 min read
The solar manufacturing industry will consolidate in 2024 due to oversupply and falling material costs, leading to a downstream price war. Manufacturers continue to face challenges with thin or negative margins. European solar distributors face risks from price-fall-related write-offs. Technology shift towards n-type technology is accelerating. Reshoring policy efforts in the US and Europe are impacted by widened production cost gap. India emerges as a competitive solar manufacturing base. The global solar industry is expected to grow rapidly, with most expansions in China.
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