March 13, 2025
Table of Contents
Recently, the European PV module market has experienced a dual boost of price rebound and demand recovery after months of sluggish performance. Below is a summary of the main developments in the European PV module market over the past week:
1. PV Module Prices Rebound
After a prolonged decline, PV module prices in Europe have shown a noticeable rebound. Data indicates that N-type single-sided module prices have risen by 12%, while P-type single-sided module prices have increased by 8%. This rebound is primarily driven by seasonal demand recovery and the transmission of supply chain costs. According to data from the European trading platform Sun.store, the average price of N-type single-sided modules has risen to €0.10/W in January, while all-black module prices have reached €0.12/W.
2. Significant Recovery in Market Demand
As the European market enters its traditional peak season, stockpiling demand for the second quarter has significantly increased. Prices for some modules have risen by more than 20%, with TOPCon module prices showing particularly notable increases. Traders and downstream power plant developers have shown stronger willingness to replenish inventory, and some companies have already locked in orders for the second quarter to avoid potential price hikes later.
3. Rising Supply Chain Costs Drive Price Increases
Adjustments to China’s export tax rebate policy have increased costs for manufacturers, coupled with European market considerations for supply chain stability. Some manufacturers have chosen to proactively raise prices to offset cost pressures. Domestic module manufacturers’ expectations of price increases are also heating up, with signals of profit recovery gradually emerging in the industry chain.
4. Market Sentiment Shifts to Optimism
The Photovoltaic Purchasing Managers’ Index (PVPMI) has risen from 67 to 71, indicating a significant boost in market confidence. Buyers have shown a clear increase in their intention to purchase PV modules in the future. Although the price rebound is moderate, the market remains optimistic about the prospects of the PV industry, believing that supply and demand are gradually moving toward balance.
5. Policies and Investments Drive Industry Growth
The UK government recently announced plans to launch a 16GW offshore wind project, with an estimated total investment of £20-30 billion. This initiative will bring new development opportunities for the PV and wind power industries. Additionally, the implementation of policies for the full marketization of new energy electricity prices will further promote the marketization process of the PV industry and attract more investment.
6. Future Outlook
Market analysis suggests that PV module prices will gradually stabilize in 2025, with the dynamic balance of supply and demand becoming a key factor. Meanwhile, the introduction of energy storage technology and the promotion of hybrid systems will become important directions for the future development of the PV market.
Conclusion
The European PV module market has recently shown a trend of price rebound and demand recovery, driven by seasonal demand, rising supply chain costs, and policy support. Although the price rebound is moderate, market sentiment has shifted to optimism. The PV industry is expected to achieve further development in the future, supported by the balance of supply and demand and advancements in energy storage technology.
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