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Manufacturers Jinko Solar, Longi, Trina Solar, JA Solar and Canadian Solar lead the ranking of photovoltaic module suppliers in 2023, considering consolidated data up to the third quarter, according to data from Solarbe Global.
Despite inventory challenges and imbalances between supply and demand, the main module manufacturers continue to dominate the world stage, demonstrating their capabilities to secure a market.
Pricing strategies also played a key role, with bids as low as CNY 0.9933/W for P-type modules and CNY 1.08/W for N-type modules, signaling a competitive landscape for the industry.
“Despite a slight drop in monthly additions, accumulated solar capacity in the first nine months of 2023 exceeds the 128.94 GW in China alone. Projections suggest that the Annual solar capacity could reach 150-160 GW in China and amazing 450 GW worldwide, setting new records for the industry”, says Solarbe Global.
The ranking (see at the end) is based on information compiled by Solarbe based on public data. Government data highlights robust growth in production of key components such as polysilicon, silicon wafers, cells and modules.
In the competitive world of solar energy, bidding scenarios reveal a clear distinction between blue-chip brands and emerging players. The Top 4 brands maintain their position, while the Top 5-9 brands make significant progress.
Leading the pack, Jinko Solar stands out with over 52 GW in module shipments, demonstrating its strength in the N-type market.
The market maintains N-type technology as the primary choice of most manufacturers, with companies such as Jinko Solar, Astronergy, DAS Solar and others reporting consistently high shipments of modules in this category. “The industry anticipates a continued shift towards these more efficient technologies,” says Solarbe.
Manufacturers on the rise
The Top 4 concentrates 50% of supply, with around 180 GW of volume sold. The top 9 brands sell more than 275 GW, exceeding more than 80% of market demand.
While blue-chip brands maintain their momentum, new entrants like TW Solar emerge as competitive challengers, achieving notable quarterly shipments of nearly 11 GW.
Astronergy's positive performance adds more competitiveness to the market, with an active approach to competitions and a commitment to taking advantage of all opportunities.
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