After recording 14GW of solar panel shipments in 2019, Chinese PV specialist JinkoSolar has retained its position as the leading solar manufacturer on industry analyst agency PV InfoLink’s Top 10 Global Module Shipment Ranking for 2019.
After being awarded the recognition in 2018, which saw the company ship over 11GW, JinkoSolar met it’s forecasted total shipments for year of 14-15GW, in a list dominated by Chinese solar firms, the only exception being South Korea’s Hanwha Q Cells.
Total shipments by the top 10 manufacturers reaching 80GW for the year, representing a total of 65.4% of market share, as total global shipments topped 121.4GW in 2019.
The next-placed far-eastern firms were JA Solar and Trina Solar, who each shipped 10GW, as per analysts at PV InfoLink.
The list of solar manufacturers topping global exports remains largely the same – Jinko Solar is followed in second-place by JA Solar, Canadian Solar and Trina Solar in third, with combined exports of between 33 and 34GW for 2019.
The Top 10 list of PV InfoLink includes the following companies:
- JA Solar
- Trina Solar
- LONGi Solar
- Canadian Solar
- Hanwha Q Cells
- Risen Energy
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The market intelligence agency expects global shipments to exceed 134.8GW in 2020, with the top 10 firms accounting for 70.3% of market share.
Whilst demand is expected to be weak in the first half of 2020, the market is expected to pick up in the second half of the year, and manufacturers who are able to navigate this challenge with available resources, strong brand awareness and competitive offering are expected to take the lions-share of sales in 2020.
According to PV InfoLink, companies should focus on improving module technology with the goal of enhancing power output to 400W, which, the firm says will contribute significantly in sales as manufacturers would need to ‘adopt larger cells and apply half-cut and MBB techniques, and hence a larger number of conventional module lines will be eliminated this year.’
“With manufacturers actively improving module wattage to grab more orders, the real shipment of special modules has increased significantly. For manufacturers whose share of high-efficiency or special modules is lower in their shipment, they will face more difficulty in receiving new orders this year,” PV InfoLink stated.
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