A projected decline of up to 43% follows a record-breaking installation rush in 2025, as the world’s largest market grapples with severe overcapacity and a shift in government policy
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Workers install solar photovoltaic panels in Xiangyang, Hubei province, on Sept. 27, 2025. Photo: VCG
The drop comes as manufacturers along the supply chain scale back production in the face of severe overcapacity
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