The price of photovoltaic modules has dropped to 0.8 yuan/W, according to a recent report from Jingji Guancha. The current trend in the energy market is seeing a strong focus on reducing costs, as manufacturers strive to achieve lower prices while maintaining quality.
The report highlights that the price of modules has decreased significantly, with projections suggesting a potential drop to 0.6 yuan/W by early 2025. By March 2025, the expected range for module prices is between 0.7 and 0.8 yuan/W, with high-efficiency products possibly approaching 0.9 yuan/W.
As of now, manufacturers are adapting to a market that has shifted from a “one price for all” model to a “one day, one price” approach. Analysts predict that in the future, the main market prices for modules may stabilize around 0.9 yuan/W.
Further investigations from firms specializing in photovoltaic supply chains indicate that in 2024, prices are expected to continue their downward trend, potentially dropping below 1 yuan/W. Some products may even reach or drop below 0.6 yuan/W.
Despite the anticipated price reductions, companies are facing challenges related to supply and demand dynamics. For instance, the ongoing supply crunch experienced by manufacturers could delay shipments and affect the availability of modules on the market.
On January 17, 2025, the National Energy Administration announced the implementation of new regulations concerning photovoltaic power plants, which are part of the broader policy adjustments related to the “4·30” guidelines. These regulations aim to enhance the efficiency and integration of new energy sources into the market.
According to industry experts, the demand for high-efficiency modules has surged, particularly as the market reacts to recent policy changes. This has resulted in a significant increase in interest in advanced products, especially those utilizing the latest technologies.
As of March, the market has shown signs of recovery, with manufacturers ramping up production to meet the rising demand for high-quality, efficient modules. However, the current market conditions suggest that achieving the desired output levels will be challenging.
The ongoing transformation in the photovoltaic sector indicates a shift towards higher performance products, which are expected to dominate the market in the coming years. Companies are anticipated to continue leveraging advanced technologies to enhance efficiency and reduce costs further.
In conclusion, while the photovoltaic module market is experiencing a significant price reduction, challenges remain in balancing supply and demand. Industry players must adapt quickly to the evolving landscape to remain competitive and meet market expectations.
