The year has witnessed many changes in the solar industry and global demand is showing an upward trend, Solarbe Global has compiled the latest global module shipment rankings of Chinese solar enterprises, unveiling a even more robust capability of enterprises and a burning desire to achieve global carbon neutralization.
The above data are collated by Solarbe Global based on the financial statements of listed companies, research and interviews, and are only for reference, not as an investment basis.
In case of discrepancies with the actual data, please refer to the announcement of the listed company.
Obviously, orders for modules in solar industry are further concentrated on the top enterprises, the no.1 camp forming by the top 4 manufacturers, Jinko Solar, Trina Solar, Longi and JA Solar, accounting for over 60% of the global shipments in the first half of the year, and the top 10 accounts for more than 85% in total. On the whole, the top enterprises in the list have generally established sufficient brand influence in overseas markets, and occupied important shares in the bidding and distributed markets of large-scale central state-owned enterprises in China.
According to the data released by National Energy Administration, the country has added 30.88 GW in the first half of the year, up 137.4% YoY, including 11.23 GW of centralized PV power stations and 19.65 GW of distributed PV (8.91 GW are residential). The country has exported 78.6 GW in H1 2022, up 74.3%, with India maintaining a huge market, and increased demand has been seen in Europe, Latin America and other markets.
After listed in domestic market, Jinko Solar has significantly accelerated its pace in capacity integration, supply chain safety and cost control. As a pioneer in the large-scale promotion and application of n-type TOPCon technology, Jinko Solar has the most active capacity layout in this field, reflecting in 16 GW n-type TOPCon cell production line put into production in the first half of the year, which will bring its n-type TOPCon pipeline to exceed 30 GW by the end of the year. Globally, the company accounts for 27% of the European market, 20% of the Asia Pacific and 19% of the emerging areas. The person in charge of the company said that they are confident to complete the annual 35-40 GW module shipment target.
Though Trina Solar does not usually stand out in large-scale centralized procurement bidding, it has strong strength and influence in domestic distributed channels and overseas sales, which provides guarantee for their profits. According to the company’s semi-annual report, Trina Solar shipped 2.2 GW modules for distributed projects. Its sub brands Trina Home (residential use) and Trina Blue (industrial and commercial use) took the lead in putting forward the concept and standard of original photovoltaic system, and were highly recognized by the industry and customers with its differentiated and high-quality products and services. Trina Solar also actively promotes the wide application of large-size module products based on the 210mm technology, won huge market share.
Longi only shipped 6.44 GW in the first quarter, but it caught up in the second and start to grab more orders, bringing the shipment to 11.58 GW in Q2 only. The relevant person in charge said that the company has attached great importance to the improvement of order quality and actively promoted efficient and reliable products to customers from a long-term perspective. Despite the impact of WRO, AD/AB investigation and UFLPA, Longi quickly adjusted their business strategies and shifted to other important markets such as Europe, and maintained robust competitiveness.
The vertical integration layout of JA Solar allows them to have more capital to fight against price changes in the industrial chain. The advantages of global marketing service network and brand are conducive to offsetting the impact of uncontrollable factors such as periodic market lows and trade friction in some countries or regions, which brings overseas sales to 67% in the first half of the year. The company also launched DeepBlue 4.0X modules based on n-type batteries, adopting the self-developed zero spacing flexible interconnection technology and circular solder band buffer design, eliminating the risk of crack, and the maximum power can reach 625W.
