Global shipments of photovoltaic modules slightly exceeded the previous year’s level in 2025. The latest edition of the International Technology Roadmap for Photovoltaics (ITRPV) highlights ongoing consolidation of cell technologies, alongside continued progress in material efficiency and manufacturing processes.
Global photovoltaic (PV) module shipments stabilized at the previous year’s record level of around 706 GW in 2025, according to the 17th edition of the International Technology Roadmap for Photovoltaics (ITRPV). The report is based on data from 38 companies and research institutions across the PV value chain. It can be downloaded free of charge via the Photovoltaic Production Equipment division of VDMA, which publishes the roadmap annually.
After sharp price declines in 2023 and 2024, average spot prices for crystalline silicon modules rose by around 9% by the end of 2025 compared with the end of the previous year. Despite this short-term rebound, the long-term trend of cost reduction remains intact: from 1976 to 2025, the learning rate for module prices averaged about 26%.
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