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 dip in monthly additions, cumulative solar capacity in the first nine months of 2023 exceeds 128,94 GW in China alone. Projections suggest that annual solar capacity could reach 150-160 GW in China and a staggering 450 GW globally, setting new records for the industry,” says Solarbe Global.
The ranking (see below) is based on information compiled by Solarbe based on public data. The government data highlights robust growth in the production of key components such as polysilicon, silicon wafers, cells and modules.
In the competitive world of solar energy, the bidding scenarios reveal a clear distinction between top-tier 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 continues to maintain N-type technology as the primary choice for 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 toward these more efficient technologies,” Solarbe says.
Manufacturers on the rise
The Top 4 concentrates 50% of the supply, with around 180 GW of volume sold. The 9 main 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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