Looking back on 2025, the photovoltaic industry is like a roller coaster. With the help of the policy, the industry has the hope of recovery. On the other hand, enterprises are still trapped in weak market demand.
This year, China's photovoltaic industry has changed from scale competition to value competition, from policy-driven to market-driven, and photovoltaic industry has shifted gears in pain and broken through in change. Through eight key words and sentences, we review the whole year's context, understand the changing trend, and look forward to the next round of growth cycle.
Throughout the whole year, there were two rising prices in 2025 : the first one was in March and April . This mainly occurred in the second half of the battery and " year. "Anti-involution" rose to the height of the national action strategy, and the photovoltaic industry also responded positively to the call from top to bottom, and the price of the photovoltaic industry chain gradually rebounded.
According to the statistics of Digital New Energy DataBM. Com, only in the second half of 2025, the average price of silicon materials will increase by 50% -57% ; the average price of silicon wafers will increase by 27% -40% ; Average price of battery increased by 55% -66% ; The highest increase in the average price of components is
5.02 mechanism electricity price
0.03,
because of the "rush to install" in the first half of 2025. In the first half of 2025 alone, the newly installed photovoltaic capacity reached 212.
However, with the end of the "430" and "531" rush installation nodes, the newly installed photovoltaic capacity in China dropped rapidly. In June, the newly installed photovoltaic capacity was only 14.36 GW , a decrease of 84.
In the second half of 2025, China's newly installed photovoltaic capacity was 102. In August 2025, the newly installed PV capacity was only 7.04
PV storage integration
In addition to Atlas, which has been in the energy storage industry for many years, a number of leading photovoltaic companies have also launched energy storage business in 2025.
Tongwei shares and Longji Green Energy entered the energy storage industry successively in 2025-the former officially announced the Sichuan energy storage project, the latter acquired the energy storage head enterprise precision control energy; Jingao Technology has achieved the shipment of energy storage products in 2025; JinkoSolar will achieve the shipment target of 6GWh in 2025; Trina Solar has more than 10 GWh orders in hand, and overseas orders account for a large proportion. In 2025, the energy storage sector will turn losses into profits in a single quarter.
According to the "Roadmap for the Development of China's Photovoltaic Industry (2025-2026)" (hereinafter referred to as the "Roadmap for Development") issued by the China Photovoltaic Industry Association, It is expected that in 2026, the global and China " the author believes that the integration of photovoltaic and storage will be further accelerated in 2026, which will become an important starting point for photovoltaic enterprises to cross the industry cycle.
05 Technology Debate
The development roadmap shows that the proportion of BC battery technology in 2025 has increased from 5% in 2024 to 6.
Some are happy and some are sad. While BC battery technology is developing vigorously, HJT and perovskite battery technology have ushered in a dark grey moment. According to the above development roadmap report, the market share of HJT batteries in 2025 is 2.6%, which is 0% lower than that in 2024.
TOPCon, BC and HJT have always been the three most concerned N-type technologies in the industry. But in the second half of 2025, the mainstream technology status of TOPCon is unshakable, the development momentum of BC is irresistible, and HJT seems to be in an embarrassing situation like opening the "stealth mode".
Industry insiders predict that in the next two years, TOPCon will still occupy 70% of the market share; BC will expand to 20% under the leadership of leading enterprises; and HJT will account for about 10%.
At the same time, because of its stability problems, perovskite technology has been directly pointed out by many industry experts, saying that the prospects for mass production and commercialization are slim.
One moment, it seems that the road ahead is boundless, and the next second, it is suddenly clear. With the explosion of the concept of "space photovoltaic" at the end of 2025, HJT and perovskite technologies have once again been pushed to the "storm center" of the industry and become technologies with great potential for development in the future.
06 Great Reconciliation
However, in the second half of 2025, a number of leading photovoltaic companies shook hands on the patent dispute. On September 19,
2025, Jingke Energy and Longji Green Energy announced at the same time that they had reached a settlement agreement on the ongoing patent claims and legal matters of both parties and their affiliated companies worldwide. (For details, please click: In addition, at the end of the Year of the Snake (February 6, 2026), Maxeon, a subsidiary of TCL Zhonghuan Holdings, and Aixu announced the signing of the Patent License Agreement. Maxeon intends to authorize Aixu to use its patents related to BC batteries and components worldwide (except in the United States), with a total license fee of 16
. At present, there is no latest news about the patent dispute between Trina Solar and Atlas, and the patent war between the two sides is still deadlocked.
07 Player Exit
 </span></p><p style=)
By 2025, the photovoltaic industry has gone through a downward cycle of more than two years. In this year, many photovoltaic enterprises were left in this cold winter after all. According to
industry media data, more than 200 photovoltaic enterprises in China have entered bankruptcy proceedings since 2024. About 250000 photovoltaic related enterprises in the whole industry are in abnormal situations such as cancellation, liquidation and closure.
08 Space PV
With the rise of commercial aerospace and space computing power, the concept of "space photovoltaic" has exploded by superimposing the adaptation advantages of photovoltaic cell technology. The most direct reflection is that the stock prices of photovoltaic companies related to the concept of "space photovoltaic" in the stock market continue to rise. According to the statistics of Digital New Energy DataBM. Com, the total market value of 109 photovoltaic enterprises increased by 178 in December 2025 alone.
However, Liu Yiyang, executive Secretary-General of China Photovoltaic Industry Association, said frankly in an interview with the media that the pursuit of new technologies is currently more at the level of research and capital operation. "Heterojunction (HJT) perovskite technology, which is popular in the capital market, is more based on the" cost reduction logic "proposed by individual financial institutions, and the actual products are still in the early stage of laboratory or verification, which is still far from large-scale commercialization.
浙公网安备33010802003254号