PVTIME – According to data compiled by PVInfoLink, LONGi has claimed the title of the world’s largest module supplier of 2020 with more than 20GW shipped worldwide. JinkoSolar, after holding the top spot for consecutive years, fell to second place.
Among all manufacturers, JA Solar placed third, followed by Trina Solar, Canadian Solar, Hanwha Q CELLS, Risen Energy, Astronergy, First Solar, and Suntech. Aside from the reshuffling at the top, rankings of the remaining companies remained the same as the ranking for the first half of 2020.
The top 10 suppliers combined to ship more than 114.1GW of modules in 2020, accounting for more than 81.5% of the global demand. LONGi, JinkoSolar, JA Solar, Trina Solar, and Canadian Solar all achieved significant shipment growth of more than 30% year-on-year in 2020, indicating the increasing dominance of large manufacturers of the solar industry.
PVInfoLink believes that, as larger PV manufacturers have set ambitious shipment targets for 2021, the market share of the top 10 largest manufacturers is likely to grow at a pace similar to their capacity expansions, and account for more than 90% of the global demand.
PVInfoLink analysts added, “Looking ahead, business of smaller manufacturers will struggle amid an increasingly competitive environment. Large companies will form alliance with large manufacturers to promote large size and push supply chains to become vertically integrated to have more control over their supply of raw materials.”
