Wood Mackenzie has released his version Ranking of PV module manufacturers for 2023. The company said it assessed 30 manufacturers on nine criteria: manufacturing experience, manufacturing capacity, vertical integration, capacity utilization, technological maturity, R&D, financial conditions, environmental-social governance (ESG) compliance and corporate social responsibility (CSR) ). and availability of third-party certifications.
JA Solar took first place in the rankings with a score of 82.9, followed by Trina Solar with 81.7, JinkoSolar with 80.8, Canadian Solar with 78.5 and Longi and Risen shared the fifth position with 78.0 . The remaining six positions were taken by Tongwei with 77.6, Astronergy with 76.3, Hanwha Qcells with 75.8, DMEGC with 74.1, Elite Solar with 71.4 and Boviet Solar with 71.2.
“Eight of the 12 ranked module manufacturers are self-sufficient in cell capacity,” WoodMac said in a statement. “Tongwei and Risen are the only manufacturers in the rankings that are fully vertically integrated across the entire supply chain, from polysilicon to module.”
The research firm also reveals that seven of the top ten manufacturers could exceed annual production capacity of 100 GW by 2027, with their combined cell capacity reaching 830 GW by the end of 2026. It also noted that all manufacturers continue to expand their production capacity. capacity, despite the enormous overcapacity on the market.
“At the same time, manufacturers are focused on becoming more vertically integrated,” says Wood Mackenzie.
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