After multiple rounds of communication, discussion, and research visits, Solarbe & Solarbe Consulting jointly released this PV module shipment ranking covering 29 companies for your reference:
Jinko Solar, LONGi Green Energy, Trina Solar, and JA Technology continue to firmly hold their positions as the TOP 4, with a combined market share exceeding 48.5%, nearly half, remaining largely consistent with before. As the industry’s “first tier,” their core advantages lie in “globalized layout + supply chain control.” Based on the data we obtained, leading companies generally have overseas shipment proportions exceeding 50%. They possess a broad presence in both traditional hot markets and emerging markets, offsetting domestic demand fluctuations by exploring overseas markets and mitigating trade barrier risks through the construction of overseas production capacity. On the other hand, leveraging their larger production scale, they hold stronger bargaining power with suppliers, enabling lower procurement costs and longer payment terms, securing an invincible position.
If we expand the view to the TOP 10 range (including ties), their combined market share exceeds 81%. Although these companies are not as stable as the TOP 4, each possesses its own “key to survival.” Whether through comprehensive development of both “development + manufacturing” or active participation in major central and state-owned enterprise tenders, they have achieved good results. Their names frequently appear on the winning bidder lists, giving them significant opportunities to secure orders. In contrast, the combined market share of companies ranked after 15th is only 10.34%, down from 11.2% in the first half. We noted that many of these companies had single-quarter shipments of less than 1 GW in Q3, and for some, their marketing departments have become “unreachable,” with no one responding to messages. While implementing market-based consolidation and eliminating redundant capacity is undoubtedly necessary, we must also recognize that even if all these companies were shut down, the issue of supply-demand imbalance in the industrial chain would persist without fundamental alleviation. A larger scale of companies exiting the market gracefully is still required.
