光伏组件出口大变局：对非出口涨47.5%，对欧洲中东拉美下滑

Core Insights - Emerging markets are becoming a highlight for solar module exports, with 115 countries/regions showing year-on-year growth in export value for the first half of 2025, compared to 33 in 2024, indicating a significant upward trend [1] - The growth in emerging markets is primarily driven by numerous small-scale markets rather than large developing countries like Brazil and India [1] - In the first half of 2025, China's solar module exports to Africa increased by 47.5%, to Oceania by 23.7%, and to North America and Asia by 15% and 12.2% respectively [1] Industry Developments - Several companies have announced investment plans in emerging markets such as Africa, including the establishment of a joint venture by Xiamen Xiangyu Group and Zhejiang Dingsen Holdings to focus on the African renewable energy market [2] - Red Sun New Energy, backed by state-owned enterprises, signed an agreement to build Nigeria's first local solar module production line, aiming to create a full-chain capability from component production to power application [2] - SANY Group signed a memorandum of understanding with Zambia to promote green transformation in mining through integrated microgrid and renewable energy technology solutions [3] Market Trends - Traditional export markets such as Europe, the Middle East, and Latin America have seen declines in export volumes, with decreases of 12.3%, 14.9%, and 16.8% respectively in the first half of the year [4] - The potential of emerging markets remains to be fully explored, as the top ten global solar markets account for over 75% of the market share, with many emerging markets needing to surpass the 1GW threshold for solar installation capacity [4] - Bloomberg New Energy Finance projects that the number of GW-level countries and regions will increase from 36 in 2024 to 40 in 2025 [4] Future Outlook - The global solar installation capacity is expected to continue growing in 2025, but the growth rate may slow down, with traditional overseas markets experiencing a decline while emerging markets see rapid demand growth [5]