Jinkosolar led worldwide PV module readings in 2024, followed by Ja Solar, Longi, Canadian Solar and Trina Solar, according to Wood Mackenzie. The research agency notes a growing shift into full vertical integration among top manufacturers.
Wood Mackenzie has been released PV -module manufacturer ranking before 2024.
“In many ways, 2024 was a year of survival by scale for the industry,” said Yana Hryshko, head of the global solar supply chain at Wood Mackenzie.
However, the top 10 module manufacturers sent the 500 GW of panels worldwide last year.
“Aggressive prices, intense competition and continuous capital investments weighed strongly on margins, because companies strive for long -term leadership in market share and technology,” said Hryshko.
This year’s ranking listed a new criterion to assess the ability of manufacturers to “navigate on rising trade tensions and land -specific market barriers.”
Jinkosolar was the largest module provider last year with shipments of a total of 90.6 GW, followed by Ja Solar with 89.6 GW, Longi with 86.5%, Canadian solar sun with 84.0 GW and Trina Solar with 83.7 GW. All first 10 positions were taken by Asian manufacturers, including Qcells in South Korea with 73.9 GW and the Adani Solar of India with 72.8 GW.
“Despite challenging market dynamics, the top 10 manufacturers maintained a strong average user percentage of 69%, which reflects efficient activities and a steady demand for their products,” said Wood Mackenzie in a statement. “This version underlines the resilience and the competitiveness of leading manufacturers in competing price environments.”
The report noted the importance of diversifying production in different countries to tackle import rates and domestic content requirements in different markets. It also emphasized Theg Rowing -Push for more vertically integrated approaches.
“The most ambitious players go upstream to wafer production,” said Hryshko. “This strategy makes stricter control over costs, quality and compliance possible, especially in a complex trade environment. As a result, the dependence on external wafer and cell suppliers is expected to reform the power -generating landscape in the coming years.”
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