This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technology and rating, global market scenario, pricing trends across the value chain, key policy developments and market outlook.
Figure: Domestic module availability, Q4 2023

Source: BRIDGE TO INDIA research
Note: Module shipments for domestic manufacturers are shown net of exports.
Total module demand in Q4 was estimated at 2,937 MWp, split 41:25:29:5 between utility scale, open access, rooftop and off-grid solar respectively.
- Prices near record lows across the value chain
- Significant increase in domestic module production
- Jump in domestic module shipments indicating strong construction progress in Q1 2024
- ALMM uncertainty causing module supply and price uncertainty
- Worsening supply glut in China coupled with subdued demand outlook