Solar power solar crystalline silicon panel price

What is crystalline silicon solar PV market?

The Crystalline Silicon Solar PV Market is expected to register a CAGR of 5.3% during the forecast period. Poly-Crystalline (or) Multi-Crystalline Silicon PV is expected to dominate the market, owing to its low cost and higher space efficiency as compared to mono-crystalline PV.

How many metric tonnes of polycrystalline silicon are there in 2021?

The country has reached a p roduction volume of 238,000 metric tonnes of polycrystalline silicon by H1 2021. Multicrystalline solar panels are more eco-friendly than monocrystalline solar panels as they do not require individual shaping and placement of each crystal. Most of the silicon is utilized during production.

How much does a solar module cost?

With a specific silicon consumption of 14 grams per watt (g/W) and a spot price of $28/kg, polysilicon made up costs of $0.39/W or 12.6% of the average wholesale solar module price ($3.10/W) in 2003. Due to the strong demand and the higher polysilicon costs, the average module price increased to $3.35/W in 2004.

What is the market outlook for multi-crystalline solar modules?

Owing to the above points, multi-crystalline solar modules are expected to dominate the market during the forecast period. Asia-Pacific, in recent years, has been the primary market for solar energy installations.