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The European PV module market remains steady, with prices showing minimal movement as production and demand stay in balance, sun.store reports.
As summer draws to a close, Europe’s solar market remains in a holding pattern. August brought continued buyer caution, steady demand and modest but significant price movements in modules and inverters, according to sun.store market data.
Solar module and inverter prices eased slightly across all categories in June. Premium battery prices saw a steady climb, according to figures from sun.store, and there were surprises in the rankings of brands.
April saw nuanced but key price shifts in the European solar market, with module prices rising due to supply constraints, while inverter prices continued to decline. The PV Purchasing Managers’ Index (PMI) remained steady at 70.
February brought a mixed picture to the European solar market, with module prices showing both declines and increases across categories, while buyer confidence hit a new high. The PV Purchasing Managers’ Index (PMI) climbed to 73, signaling robust demand and optimism as the industry gears up for the peak installation season.
After months of declining prices, January marked a turning point in the European solar market, with module prices experiencing a slight rebound. While the increases are still moderate, they indicate a shift in market dynamics, suggesting that the prolonged price drops may be slowing down, according to online trading platform sun.store.
The European PV market closed 2024 on a resilient note despite slight seasonal adjustments. The December edition of the PV Index of sun.store highlights continued demand stability paired with notable price adjustments in solar panels and inverters. While the PV Purchasing Managers’ Index (PMI) dipped slightly to 67, the market exhibited confidence, with half of buyers planning increased purchases as they prepared for 2025.
C&I solar modules with power classes 450-500 W were in short supply in March, driving average monofacial prices up from 0.124 to 0.129 EUR/ W. The increase was despite sluggish need for residential PV modules, with full black modules recording another slight price drop. Despite this moderate price rebound, the buyers remained bullish about the demand in the upcoming month.
