TrendForce has listed the top six module manufacturers by shipment volume in 2022, with Longi at the top of the list, followed by Trina Solar and JinkoSolar. JA Solar, Canadian Solar and Risen Energy rounded out the top six in a year dominated by large modules.
All major manufacturers are located in China. Longi Solar ranked first with 45 GW to 47 GW, followed by Trina Solar with approximately 43 GW and JinkoSolar with 42 GW to 43 GW. JA Solar ranked fourth with 39.75 GW, followed by Canadian Solar with 21.1 GW and Risen Energy with 16 GW.
According to TrendForce, last year high-power, large-size modules dominated the market. With the development of N-type technology, 210mm products have already become mainstream and continue to dominate the market, the research firm said.
In the first quarter of 2023, the cumulative shipments of 210 mm modules have exceeded 120 GW, and the power of 210 mm n-type modules has exceeded 700 W. TrendForce estimates that large wafers, cells and modules will account for more than 90% of the total production capacity, and 210 mm modules account for almost 60% of the total production capacity.
According to TrendForce, the market share of lar-shaped wafers may increase from 83.45% in 2022 to 95.74% in 2023.
“By 2023, large wafer production capacity will reach 792.4 GW, showing a stronger trend towards larger formats, while 210 mm wafer production capacity will reach 320.8 GW, an increase of 74.6%, with a market share of 38.76 percent.” it said in a statement.
In terms of cells, large-sized units are said to reach 822.3 GW in 2023, or 94.99% of the total capacity. The market share of 210 mm cells can reach 67.9 percent with a capacity of 587.75 GW, an increase of 83.7 percent from 2022.
On the module front, large-scale PV panels could reach about 90 percent of the 767 GW market, TrendForce said.
“Among them, the 210mm module capacity will reach 508 GW, an increase of 68.14 percent compared to 2022, with a market share of 59.62 percent, indicating continued strong growth,” it concluded.