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Manufacturing


MODULE SHIPMENT RANKING 2022: TOP 10 MANUFACTURERS SHIPPED 240 GW GLOBALLY



By Vera Wang
01/13/2023
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In 2022, the top 10 Chinese manufacturers have shipped over 240 GW modules
globally, up 60% and occupying over 90% of global demand, according to the
annual module shipment ranking published by Solarbe and Solarbe Consulting.

LONGi, Trina Solar, Jinko Solar, and JA Solar remain the top 4 manufacturers,
shipping a total of around 170 GW globally, accounting for two-thirds of newly
added installations.

The heavyweights have remained in their leading positions in the market and
technological innovations. Their products have been regarded as top choices by
developers and investors in China and overseas and are widely acclaimed by
owners and financial institutions.

Solarbe analysts predict their shipment volume to surpass 240 GW in 2023.

The past year has seen a rapid expansion of production capacity and an increase
in market concentration.

The threshold to be listed among the top ten has doubled to reach 7 GW. The
sales directors of multiple module producers said that the market had boomed in
2022. Most manufacturers have shipped more modules in the first three quarters
of 2022 than in the whole year of 2021.

As many manufacturers have made ambitious ramp-up plans, their shipment targets
for 2023 have also seen a substantial increase.

Solarbe Consulting’s data shows that China’s top 10 module producers aim at
shipping a total of 400 GW in 2023. This has far exceeded module demands
globally, which implies mounting competition in the market.

From January to November, the export volume of solar PV products hit USD 47.75
billion. Except for the top 4 manufacturers, Canadian Solar and Risen Energy
have shipped over 60% of their modules overseas. The ratios have even reached
80% and 90% for Znshine Solar and DAH Solar.

With the advent of commercial n-type solar cells and modules, the shipment
volume of TOPCon and heterojunction (HJT) modules has exceeded 20 GW. Jinko
Solar alone has delivered over 10 GW of n-type TOPCon modules.

As the price difference narrows between n-type and p-type modules, n-type is
projected to become more economical in 2023. Its shipment volume may witness a
massive expansion to reach 60-70 GW.

Except for LONGi which is focusing on developing HPBC technology, most new
production capacities have adopted n-type technology.

Trina Solar said its n-type capacity will reach 30 GW, shipping over 20 GW
globally. Jinko Solar also revealed that the n-type products will account for
over 50% of its production capacity and shipment in 2023.

Risen Energy said to improve HJT solar cell and module production capacity to 15
GW. DAS Solar has also planned a 60 GW capacity for n-type solar cells and
modules for the year.

Solarbe Consulting predicts global newly installed solar capacity to exceed 260
GW in 2022, which means over 90% of the modules have been supplied by Chinese
manufacturers.

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 * shipment ranking
 * Trina Solar




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