The module shipments of the top 20 manufacturers increased by more than 50% year-on-year, of which the shipments of the top four accounted for 59.95% of the total shipments of the top 20. The major players maintained their leading positions throughout the list. The top four were LONGi, Jinko, Trina and JA Solar, the same order as previous year.
A total of 18 Chinese companies were selected in the top 20 list, with a total output of more than 270GW in 2022, gradually taking over the global PV module market with their unique advantages. LONGi, the king of the PV industry, supplied 46.76GW of modules in 2022, up 21% year-on-year.
The Top 4 and Top 5-9 lists remained relatively stable in 2023, with established and emerging brands holding their ground. JinkoSolar, Trina Solar, LONGi, and JA Solar collectively shipped over 270 GW, claiming a 52% market share. The Top 9 brands, in total, surpassed 400 GW in shipments, securing a robust market share exceeding 75%.
Qn-Solar: As a rising star in the n-type market, Qn-Solar forecasts 80%+ n-type module shipments. The company boasts 11 GW n-type cell, 17 GW module capacity by Q1 2024, targeting over 80% n-type module shipments for the year. Huansheng: Building on TCL Huansheng’s PV prowess, it integrates tech and manufacturing, boosting competitiveness.
According to InfoLink’s global lithium-ion battery supply chain database, energy storage cell shipment reached 114.5 GWh in the first half of 2024, of which 101.9 GWh going to utility-scale (including C&I) sector and 12.6 GWh going to small-scale (including communication) sector.
Solarbe ’s data on annual targets shows that at least 8 companies have set their n-type module shipment proportions at over 80%. For most companies, n-type module shipment targets exceed 60%, signaling the official arrival of the n-type era. JinkoSolar: Retained the top position with 19.993 GW shipments, showcasing a 53% YoY growth.