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PV outlook 2024: Market to benefit from falling prices but competition remains intense. Bifacial modules lose exemption from Section 201 tariffs, again. InfoLink Consulting provides analysis of solar photovoltaic module shipment report and global module shipment ranking.
PV outlook 2024: Market to benefit from falling prices but competition remains intense. Bifacial modules lose exemption from Section 201 tariffs, again. InfoLink Consulting provides analysis of solar photovoltaic module shipment report and global module shipment ranking.
InfoLink estimated that the top 10 manufacturers shipped around 252 GW of modules, an 166% year-on-year increase. The top four dominated 60-65% of global shipment volume, heightening that the big stays big. The top five module makers in 2022 were Longi, Jinko Solar, Trina Solar, JA Solar, and Canadian Solar.
On the first day of the conference, PVBL’s annual ranking of the Top 20 Global Photovoltaic Module Manufacturers was announced. The revenue of the top 10 module manufacturers exceeded 700 billion yuan and the shipments exceeded 400GW in 2023, almost double the total of the top 20 in 2022.
Arctech came in third with 7.64GW of trackers, the third largest shipment volume in the world. The company’s financial report shows that its annual operating income from trackers was 3.598 billion yuan in 2023. Spanish manufacturer PV Hardware came fourth. TrinaTrakcer followed with shipments of 4.6 GW, a steady growth over 2022.
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.
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