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A InfoLink Consulting announced the ranking of main manufacturing companies of modules in terms of shipments in 2023. In addition to bringing the highlights of the year 2023 in the photovoltaic module market. According to the consultancy, the demand in the solar market remained high in 2023. volume of shipments of photovoltaic panels grew 78% in relation to 2022.
The main companies remained at the top, but there were changes among other companies. According to the consultancy, companies with a difference in up to 5% in the volume of shipments they were tied.
Jinko, Longi, Trina and JA Solar get together maintained the top four positions, as they have been since 2019. These companies have increased the distance to others, the advantage in 2022 was 20 GW. In 2023 the difference increased to 30 GW.
According to the consultancy, these four manufacturers are responsible for around 60% of the market, among those that are ranked.
Notable points
Jinko: They benefited from opting for N-type technology early. They had a high volume in the first half, growing 74% compared to the previous year and returned to first place.
Longi: With a stable performance, they remained in second place despite an annual growth of 48%, a little lower compared to the main manufacturers.
Trina: Tied for second place with Longi, the company grew 55% last year.
JA Solar: Maintaining its stability, and having been at the top for a long time, the company grew 46% in 2023.
Tongwei: The only manufacturer to enter the rankings for both modules and cells. The growth was 262%.
Canadian Solar: The company has achieved a good positioning for more than five years.
Astronergy: Annual growth was 108%, with a notable increase in the domestic market. Furthermore, the company had the second highest number of shipments of N-type technology.
Risen: Despite slowed growth in the year, it was the only manufacturer on the list that delivered N-type TOPCon and HJT modules.
DAS Solar: After reaching close to the top-10 in 2022, the company reached ninth place in 2023.
First Solar: The only manufacturer outside of China. Since joining the list in 2020, the company has maintained a volume of at least 6 to 9 GW per year. Its growth is expected to reach 29% this year.
GCL: After leaving the list in 2019, GCL returned after showing annual growth of 494%, the highest on the list.
Yingli: An older brand, which had been focusing on the domestic market and exploring opportunities internationally. According to the consultancy, they achieved a prominent position in auctions in China last year, with an increase greater than 100% in 2023.
DMEGC: The manufacturer has focused on the European Solar DG market, and had annual growth of 134%.
Growth of the Chinese domestic market
With the exception of First Solar, the quantity of shipments to the international market fell from around 50% to 55% to 40% to 45%.
Goals for 2024
Looking to the future, total deliveries should reach 700 GW, based on the goals of the companies on the list. New technology products must represent at least 70%, and can reach the range of 90 to 100%.
InfoLink projects a 11% increase in module demand growth, about 460 GW to 519 GW.
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