India's Solar PV Exports Surge

In 2024, India's solar cell module exports ushered in explosive growth. Data shows that in September alone, the export value of solar modules reached 37,807.25 lakh rupees. In the first nine months of this year, the total export value of solar photovoltaic exceeded 11,14,761.48 lakh rupees, of which solar modules accounted for 10,92,759.72 lakh rupees and solar cells accounted for 22,001.76 lakh rupees. As the largest buyer of Indian solar cell modules, the United States has played a key role in India's export growth. Photovoltaic fuse manufacturers from China have also played a very important role.

But India's domestic solar cell production is still limited and less competitive. To solve this problem, the Indian government implemented the "Approved List of Models and Manufacturers" (ALMM) policy on April 1, 2024. The policy aims to give priority to locally manufactured solar panels for government projects and plans to include solar cells by April 2026.

The ALMM policy not only promotes local manufacturers to increase production, but also improves the international competitiveness of Indian solar products. But solar project developers are still concerned that prices may rise due to limited supply, which may pose a challenge to the further development of the Indian solar market. Seeking some manufacturers of photovoltaic industry accessories such as PV Fuse may be able to improve this problem.

The global solar market is undergoing important changes, especially in the areas of international trade and production. Several countries, especially Europe and the United States, have begun to impose tariffs on solar panels produced in China, a measure that has led to a shift in the global market landscape. As China is the world's largest producer of solar cells, the increase in tariffs on its products has given manufacturers in other countries more opportunities in the market. There are also many high-quality solar PV protection fuse series manufacturers in China. Among them, India's solar industry has benefited from this and has become one of the main beneficiaries. Local Indian manufacturers are able to seize a share of the global market through more competitive prices and policy support. At the same time, with the growing demand for global energy transformation and sustainable development, the demand for solar panels is also rising rapidly. . Therefore, India's solar industry has ushered in unprecedented development opportunities and is expected to become an important player in the global solar market in the future.

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