PVTIME– Renewable energy capacity additions reached a significant milestone in 2023, with an increase of almost 50% to nearly 510GW, mainly contributed by solar PV manufacturers around the world. Contact online >>
PVTIME– Renewable energy capacity additions reached a significant milestone in 2023, with an increase of almost 50% to nearly 510GW, mainly contributed by solar PV manufacturers around the world.
On June 11-12 2024, the CPC9thCentury Photovoltaic Conferenceand PVBL 12th Global Photovoltaic Brand Rankings Announcement Ceremony were jointly held by Century New Energy Network, PVTIME and Photovoltaic Brand Lab (PVBL) in Shanghai City, China.
The conference brought together solar energy leaders, entrepreneurs and heads of investment institutions. Based on the Duel Carbon targets, PV-related topics such as industrial development trend, technological innovation and integration of solar power storage were discussed, with the aim of promoting the coordinated progress of upstream and downstream industrial chains, as well as promoting the brand building and technological innovation of the photovoltaic industry.
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. The total module shipments of the top 5 manufacturers nearly reached 300GW in 2023.
The major players maintained their leading positions throughout the list. The top four were LONGi, Jinko, Trina and JA Solar, the same order as last year. Chint (Astonergy), Tongwei, Canadian Solar, Risen Solar, DAS Solar, GCL SI and First Solar were among the top five to ten.
A total of 18 Chinese companies were selected in the top 20 list, with a total output of more than 440GW in 2023, gradually taking over the global PV module market with their unique advantages. LONGi, the king of the PV industry, will supply 66.44GW of modules in 2023, up 42% year on year. Most of the manufacturers in the first tier achieved module shipments of more than 50GW each, which was significantly higher than those of the following manufacturers in the ranking. Two overseas companies made the list, with total revenue of approximately 74.88 billion yuan.
Most of the companies in the above list are listed companies and the data was mainly taken from their 2023annual report and public documents. For non-listed companies in the ranking, the data was provided by the companies themselves. For well-known companies that did not make the list because they did not provide the required data.
Launched in 2012, the PVBL annual report is the only data research report in China supported by a multidimensional evaluation system. The multidimensional scoring system accurately reflects consumers'' attitudes towards brands and provides companies with insights into the effectiveness of their brand positioning strategies.
To calculate a company''s corporate brand rating, the Photovoltaic Brand Lab combines 10 years of data collected by Century New Energy Network and its web-based operations with the evaluation criteria.
The maximum achievable Corporate Brand Rating is 1000 and is calculated after companies have gone through the comprehensive evaluation system, which includes the assessment of five primary and ten secondary indicators. The primary indicators are sales, research and development, outgoing shipments, impact and service. Secondary indicators include brand design, brand popularity, brand reputation, brand loyalty, product quality, service quality, marketing promotion, social responsibility, industry impact and societal impact.
Solar energy, a clean and efficient power source, significantly contributes to global power capacity. This has increased solar panel suppliers, and selecting the right one has become challenging. In this article, we will provide a comprehensive list of the top 20 solar panel manufacturers in the world, aiding in informed choices for a sustainable future.
With growing concerns about climate change, solar energy is gaining popularity as a major source of clean power. Numerous solar companies worldwide produce solar cells and panels. To assist you in finding the top manufacturers, we’ve compiled a list of the top 20 solar panel manufacturers in the world:
Since its establishment in 1985, SunPower has been at the forefront of the solar energy industry. Operating in all 50 states, the company established Maxeon, its solar panel manufacturing arm, offering four lines of highly efficient monocrystalline solar panels with efficiency ratings surpassing 20%. SunPower provides a comprehensive range of solar energy components and facilitates virtual consultations with solar experts on their website for system planning.
As a technological leader, this company ensures that all its systems are controllable and monitorable through a user-friendly mobile app and the EnergyLink monitoring system. It offers flexible options for consumers, including both purchase and zero-down lease choices. Despite occasional communication issues, SunPower maintains high overall consumer ratings. With a commitment to innovation and sustainability, it continues to play a pivotal role in the global transition to cleaner energy solutions and thus bags a place among the top 20 solar panel manufacturers in the world.
With over 14 factories, including one in the US, Jinko Solar ships its products to more than 160 countries. Their solar panels are suitable for both residential and commercial use, utilized in various projects, including the world’s largest hybrid solar-hydro plant in Yajiang County, Eastern Tibet.
In summary, Jinko Solar is among the top solar companies in the world, showcasing substantial production capacity, impressive revenue growth, and a wide-reaching market presence.
Canadian Solar stands out as one of the top global manufacturers of solar PV modules, emphasizing research and innovation. The company is known for delivering high-quality products at competitive prices, focusing on manufacturing, engineering, and project development. While already a leader in solar PV technology, Canadian Solar continuously expands its product range and enhances manufacturing efficiency. Pioneering thin-film modules, the company is committed to offering customers top-notch products.
Since its establishment in 2001, with headquarters in Ontario, Canada, Canadian Solar has grown globally, boasting over 14,000 employees and offices in the United States, Europe, and Asia. The company’s dedication to innovation and global presence positions it as a key player in the solar industry. It is thus one of the top 20 solar panel manufacturers in the world.
If you’re on the East Coast and thinking about using solar power for your home, Trinity Solar might be the solution for you. Trinity is a family-run business specializing in solar on the East Coast, serving nine states from Florida to Massachusetts. They work with brands like Q-cells, Tesla, Generac, and SolarEdge.
Trinity offers well-known solar systems and components, and they provide financing, zero-down solar leasing, and a PPA option. The company also has referral rewards for its customers. While Trinity provides 25-year warranties for solar panels and five-year coverage for installations, the warranties for inverters last for 12 years unless you buy an extension for coverage up to 25 years.
Longi Solar, a Chinese company, has a revenue of about 128 billion CNY (£14 billion). While Longi didn’t ship as many solar panels and cells in 2022 as the top companies, it still reached an impressive 29.2 GW.
From its humble beginnings, Sharp Solar has experienced remarkable growth over the past few decades. Now a major player in solar panel manufacturing, the company operates globally, with offices in over 100 countries and a workforce exceeding 8,000. Headquartered in Japan, Sharp Solar boasts over 40 years of industry experience.
Dedicated to environmental sustainability, Sharp Solar stands out as one of the world’s most innovative solar panel companies. Leveraging its technology and expertise, the company actively contributes to reducing the global carbon footprint. Notably, Sharp Solar has developed some of the most efficient solar panels available today, catering to diverse needs, including homes, businesses, farms, and schools.
Founded in 2001, Suntech is based in Wuxi, China, and centers its efforts on researching and developing innovative solar technologies. With units in Australia, Hong Kong, South Africa, and the UAE, as well as a global business presence, this Chinese firm extends its reach worldwide. While most production facilities are situated in Asian countries, there is also a plant in Germany.
The company offers a diverse range of products, including panels with various capacities suitable for different applications. All these bags it a place in this list of the top 20 solar panel manufacturers in the world.
JA Solar, based on shipments, shipped out 36.2 GW worth of solar cells and panels in 2022. This Chinese company boasts over 32,000 employees and has developed solar cells with an impressive 25% efficiency, surpassing the average of 20%.
About World s top solar panel manufacturers
As the photovoltaic (PV) industry continues to evolve, advancements in World s top solar panel manufacturers have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient World s top solar panel manufacturers for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various World s top solar panel manufacturers featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
