Leading solar module manufacturers and market share

Top module suppliers

Cumulative shipments of 210mm solar modules have exceeded 120GW, and the power of 210mm n-type modules has passed 700W, according to TrendForce.

In 2023, large-format wafers, cells and modules will account for more than 90 percent of the total production capacity, and demand for large-format products will demonstrate a strong growth.

There will be a faster increase in demand for large-format wafers in 2023, with its share increasing from 83.45 percent in 2022 to 95.74 percent. In 2023, the production capacity for large-format wafers will hit 792.4GW, showing a stronger tendency toward larger formats, while 210mm wafer production capacity will hit 320.8GW, increasing by 74.6 percent, with a market share of 38.76 percent.

The capacity for large-format cells will reach 822.3GW in 2023, accounting for 94.99 percent of total capacity. 210mm cell capacity will reach 587.75GW, an increase of 83.7 percent from 2022, with a market share of 67.9 percent.

There will be a significant increase in production capacity for large-format modules in 2023, reaching 767 GW with a market share of around 90 percent. Among them, 210mm module capacity will reach 508GW, a 68.14 percent increase from 2022, with a market share of 59.62 percent, indicating continued strong growth.

High power modules are in demand among the nearly 129GW centralized procurement of PV modules announced by COEs and SOEs in 2022, with large-format modules dominating. Over 115GW of the bidding projects specifically require 182/210mm modules, accounting for 89.21 percent, indicating an increasing demand for large-format modules, which is a key component of the industry chain for reducing costs and increasing efficiency.

The top six module manufacturers’ shipments in 2022 were around 205-211GW, accounting for 76-78 percent of the annual module demand of 270GW. Among them, LONGi, Trina Solar and JinkoSolar all shipped more than 40GW.

In 2022, shipments of large-format modules grew at a faster rate, accounting for more than 80 percent of total shipments. As of the first quarter of 2023, the cumulative shipments of 210mm modules had exceeded 120GW. Shipments of large-format modules will continue to rise as market demand and production capacity expand.

The combination of large-format and n-type technology has become an inevitable trend. The power of 182mm n-type modules increases from 500W+ to 600W+, while the power of 210mm n-type modules exceeds 700W.

With the large-format products develop rapidly and advanced technologies such as n-type mature, 210mm products have already become the mainstream in the PV industry and will continue to dominate the market.