- Solarbe Global (Solarbe) have released their 2024 Annual Chinese PV module Enterprise Shipment Rankings.
- The report covers 39 enterprises.
- The rankings reveal that the top four solar panel manufacturers namely JinkoSolar, JA Solar, Trina Solar, and LONGi Green Energy, represent nearly 50% of the market.
In 2025, Solarbe sees that GCL System Integration, DAS Solar, Risen Energy, Yingli Solar, and DMEGC could enter a fierce competition, with their rankings expected to adjust.
“Enterprises with shipments below 6 GW may need to increase brand promotion efforts in 2025 and showcase their advantages from multiple angles. Especially for enterprises with overseas sales accounting for less than 30%, they can actively expand overseas high-price markets to increase shipments and profitability,” adds Solarbe.
The report confirms that TOPCon remains the absolute mainstream and the most competitive sector. It is estimated that in 2025, the TOPCon sector will remain crowded and highly competitive. Without reasonable exit channels, there is a high probability of more low prices emerging.
Heterojunction technology (HJT)
Only Huasun Energy and Risen Energy have shipped more than 5 GW of HJT modules. It is estimated that more enterprises will make breakthroughs in HJT in 2025.
Outlook
In 2024, the global renewable energy market remains buoyant. However, this still cannot absorb the ever-increasing PV capacity. According to Solarbe, by the end of 2024, domestic polysilicon capacity will exceed 3.6 million tons, and both cell and module capacities will surpass 1,000 GW, with growth continuing. This has forced related enterprises to compete intensely, raising the bar for their brand influence, technology research and development capabilities, production management standards, cost control abilities, and overseas channel development.
Solarbe do point out that due to low-price competition in the PV industry chain, some enterprises face the situation of “selling more, losing more.” Therefore, it’s better to understand the operation and profitability of enterprises to comprehensively assess their development rather than only focusing on shipments.
Image credit: Solarbe Global
Author: Bryan Groenendaal
