{"id":9580,"date":"2024-01-11T14:39:49","date_gmt":"2024-01-11T06:39:49","guid":{"rendered":"https:\/\/www.ray-tron.com\/?p=9580"},"modified":"2024-02-19T12:39:03","modified_gmt":"2024-02-19T04:39:03","slug":"alt1432","status":"publish","type":"post","link":"https:\/\/www.ray-tron.com\/en\/alt1432\/","title":{"rendered":"The sharp decline in photovoltaic industry prices in 2023 will trigger an industry reshuffle, and the outlook for 2024 is unpredictable"},"content":{"rendered":"

In recent years, ChinaPhotovoltaic Industry<\/a>It has always been the dominant force in the global photovoltaic market. However, in 2023, China's photovoltaic industry experienced dramatic price fluctuations, with prices of silicon materials, silicon wafers, solar cells and modules all falling sharply. This change is triggering a new round of competition upheaval, and photovoltaic companies are adjusting their strategies to prepare for low-price competition and fierce market competition.<\/p>\n

Silicon material prices are surging<\/strong><\/p>\n

In 2023, the price of silicon materials has experienced a dramatic process. From a slight increase at the beginning of the year to a high point in the first half of the year, and then to a continuous decline in the second half of the year, the silicon material market has been in a state of violent fluctuations. Especially for P-type silicon materials, the price has fallen by an astonishing 669,1%, from 176,200 yuan\/ton to 58,300 yuan\/ton.<\/p>\n

The turbulence in the silicon material market is mainly due to overcapacity and the emergence of new technologies. The upstream of the industry chain, especially the silicon material production link, is facing unprecedented challenges. With the expansion of N-type product production capacity, the demand for N-type silicon materials has risen, while P-type silicon materials have gradually lost market share. Silicon material companies need to strengthen technology upgrades to adapt to changes in market demand, otherwise they may face the fate of being eliminated.<\/p>\n

Battery cell technology is accelerating iteration<\/strong><\/p>\n

The battery cell market has also undergone tremendous changes. 2023 is the year when battery cell technology accelerates the transition from P-type to N-type. Behind the price drop is the sluggish demand for P-type battery cells, which has led to manufacturers reducing production and shutting down production lines. N-type TOPCon batteries have begun to emerge, but their prices have also fallen by nearly 60% in a short period of time.<\/p>\n

Changes in the battery cell market have brought about adjustments in the competitive landscape. Under the dual pressures of price wars and technological iterations, some companies have withdrawn from the P-type battery cell market, while those that can quickly achieve N-type capacity conversion have ushered in new opportunities for development. The battery cell segment will be a key node in the transformation of the industrial chain in 2024, and the rapid release of N-type capacity will be the focus of market attention.<\/p>\n

Component prices hit record lows<\/strong><\/p>\n

The degree of competition in the module market is more intense than that in the battery cell market, and prices continue to fall, hitting a record low. In November 2023, the average transaction price of domestic P-type modules fell below 1 yuan\/W for the first time, and the price of N-type TOPCon modules also fell by more than 48%, approaching the average transaction price of 1 yuan\/W. The continued decline in module prices is mainly due to oversupply in the market and fierce price wars.<\/p>\n

At the beginning of 2024, the price of components continued to decline, and the price of domestic P-type 182 monocrystalline components has dropped to 0.88 yuan to 1.03 yuan per watt. Under the influence of the market economy, the price of components is less than 1 yuan\/W. For the photovoltaic industry, this is not only a reflection of the intensified market competition, but also an inevitable result of the industry's cost reduction and efficiency improvement.<\/p>\n

The industry chain is reshuffled, and corporate strategies vary<\/strong><\/p>\n

Faced with market changes, photovoltaic companies have adjusted their strategies and sought new development paths. Some companies have chosen to expand production counter-cyclically. For example, in the silicon material sector, Tongwei Co., Ltd. and Daquan Energy successively announced plans to expand production worth 10 billion yuan in December 2023. This shows that in an environment of falling prices, there are still companies that are optimistic about the long-term prospects of the photovoltaic industry and hope to gain more market share by expanding production capacity.<\/p>\n

However, some companies have chosen to act cautiously and temporarily slow down the pace of production expansion. Tightened financing, continued price wars, and substantial capacity expansion have made some companies more cautious in assessing market conditions. The pace of production expansion in the entire industry is expected to slow down in 2024.<\/p>\n

Unpredictable outlook for 2024<\/strong><\/p>\n

As 2024 approaches, the photovoltaic industry still faces huge uncertainties. The release speed of production capacity in each link, the market supply and demand relationship, and technological innovation will directly affect the future of the photovoltaic industry. The profitability of silicon materials and cell segments is expected to continue to decline in 2024, while the component segment will continue to face the pressure of price decline. The competition for N-type production capacity will become the focus of the market, and integrated leading companies may stand out in the competition.<\/p>\n

In general, the development of the photovoltaic industry chain in 2024 will continue to evolve under the dual impetus of market competition and technological innovation. Photovoltaic companies need to pay close attention to market dynamics and flexibly adjust strategies to adapt to the ever-changing industrial environment.<\/p>","protected":false},"excerpt":{"rendered":"

In recent years, China\u2019s photovoltaic industry has been the dominant force in the global photovoltaic market. However, in 2023, China\u2019s photovoltaic industry experienced drastic price fluctuations, silicon materials, silicon [\u2026]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[19],"tags":[233],"class_list":["post-9580","post","type-post","status-publish","format-standard","hentry","category-blog","tag-guangfuchanye"],"_links":{"self":[{"href":"https:\/\/www.ray-tron.com\/en\/wp-json\/wp\/v2\/posts\/9580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ray-tron.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ray-tron.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ray-tron.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ray-tron.com\/en\/wp-json\/wp\/v2\/comments?post=9580"}],"version-history":[{"count":0,"href":"https:\/\/www.ray-tron.com\/en\/wp-json\/wp\/v2\/posts\/9580\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ray-tron.com\/en\/wp-json\/wp\/v2\/media?parent=9580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ray-tron.com\/en\/wp-json\/wp\/v2\/categories?post=9580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ray-tron.com\/en\/wp-json\/wp\/v2\/tags?post=9580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}