2022 Top 10 Global PV Module Suppliers

· Industry News

In 2022, the global photovoltaic market will develop rapidly, and the scale of markets in China, Europe, and Latin America will increase significantly, attracting many companies to cross-border enter photovoltaics, and the most involved are the battery and module sectors. Some organizations predict that the total new installed capacity of photovoltaic power generation in the world will exceed 260GW in 2022, and more than 90% of the components will come from Chinese companies. It is no exaggeration to say that China’s photovoltaic industry has made a huge contribution to global carbon peaking and carbon neutrality. According to the research results of China Sobi Photovoltaic Network & Sobi Consulting Company and the data of other research institutions, the forecast of the ranking of the world’s top ten photovoltaic module suppliers in 2022 is compiled.

TOP 10 Hanwha Q.CELLS
South Korea’s Q.CELLS belongs to Hanwha Group, one of the top ten consortiums in South Korea, which is a global leader in the field of energy development. In the information on the official website, Q.CELLS claims to be: a world-leading solar energy company with advanced technology research and development centers in China, Germany, South Korea, and Malaysia.

TOP 9 Tongwei Solar
In 2022, the total shipment of photovoltaic modules is expected to be 9GW. As the world’s largest supplier of polysilicon materials, Tongwei announced its entry into the field of photovoltaic modules in a high-profile manner in the second half of 2022, thereby creating a vertically integrated enterprise with a full industrial chain. Relying on the price advantage of the upstream raw material supply chain, Tongwei has successfully entered the contract supplier system of China’s central enterprises and state-owned enterprises, and has successively won multiple large-scale projects. With its high-quality and efficient shingled Terra series products, reliable brand credibility and strong financing capabilities, Tongwei was listed on the list of Tier 1 (a first-class photovoltaic module manufacturer).

TOP 8 First Solar
First Solar is the leader in the U.S. photovoltaic market and one of the world’s leading manufacturers of solar photovoltaic modules. Although many Chinese photovoltaic companies have deployed in the US market in recent years, it is still difficult to shake the market position of First Solar. The most worth mentioning is that most other photovoltaic companies’ technical routes are crystalline silicon solar cells, but First Solar focuses on the field of thin-film solar cells, especially the design, manufacture and sales of cadmium telluride solar cell modules. The company was founded in 1999 by Michael J. Ahearn and is headquartered in Tempe, Arizona, USA.

TOP 7 Astronergy (CHINT SOLAR)
In 2022, the total shipment of photovoltaic modules is expected to be 13.5GW. Chint New Energy is a subsidiary of Chint Group, a giant in China’s electrical industry, and focuses on photovoltaic module manufacturing and power plant investment. Chint Group was founded in 1984. After more than 30 years of development, it has formed the advantages of the whole industrial chain integrating “power generation, power storage, power transmission, power transformation, power distribution, power sales and power consumption”. It is worth mentioning that the group’s business has spread to more than 140 countries and regions around the world, with an annual revenue of 89.3 billion yuan.

TOP 6 Risen Energy
In 2022, the total shipment of photovoltaic modules is expected to be 16GW. As the first leading photovoltaic module company betting on N-type heterojunction products, Risen Energy has made early deployment and in-depth research and development of N-type technology, and has a first-mover advantage in the field of heterojunction. At the same time, the world’s first high-strength alloy steel frame component was released. In the first three quarters of 2022, the company achieved operating income of 21.022 billion yuan.

TOP 5 Canadian Solar
In 2022, the total shipment of photovoltaic modules is expected to be 21GW. Canadian Solar, as the world’s leading vertically integrated solar energy developer, has a very outstanding performance in the battery energy storage system market. For example, in the US market, it occupies about 10% of the battery energy storage system field.

TOP 4 JA Solar
In 2022, the total shipment of photovoltaic modules is expected to be 40-41GW. JA Solar, as an established leader in photovoltaic modules, has established a vertically integrated industrial chain, including solar silicon rods, silicon wafers, batteries and modules, photovoltaic power plants and other production and application links. Currently, its upstream silicon wafer and battery production capacity is about 80% of the production capacity, the products are exported to 135 countries and regions around the world. On the evening of January 15th, the performance forecast for 2022 was released. It is estimated that the net profit attributable to the parent company will be 4.8 billion to 5.6 billion yuan in 2022, a year-on-year increase of 135.45%-174.69%.

TOP 3 JinkoSolar
In 2022, the total shipment of photovoltaic modules is expected to be 41.5-43.5GW. In the first quarter of 2022, the company will become the world’s first photovoltaic company with cumulative module shipments exceeding 100GW. The 182 N-type high-efficiency monocrystalline silicon battery technology independently developed by its research institute has made a major breakthrough. It has been certified by the testing laboratory of the China Academy of Metrology, an authoritative third-party testing and certification organization, and the conversion efficiency of the full-area battery has reached 26.1%, creating a large-scale battery with a size of 182 and above. A new world record for the conversion efficiency of an area N-type single crystal passivated contact (TOPCon) cell. The company will achieve a total operating income of 52.772 billion yuan in the first three quarters of 2022.

TOP 2 Trina Solar
In 2022, the total shipment of photovoltaic modules is expected to be 43GW. Trina Solar is a world-leading supplier of photovoltaic modules, system solutions and services. Founded in 1997, as one of the earliest photovoltaic system integrators in China, Trina Solar today works with installers, distributors, utilities and project developers around the world to create smart energy. Recently, Trina Solar announced that it expects a net profit of 3.422 billion to 4.018 billion yuan in 2022, a year-on-year increase of 89.69% to 122.68%

TOP 1 LONGi Solar
In 2022, the total shipment of photovoltaic modules is expected to exceed 45GW, ranking first in the world. As a global leader in photovoltaic silicon wafers + modules, LONGi has always focused on technological innovation since its establishment. At present, it has formed five major business segments including monocrystalline silicon wafers, battery modules, and hydrogen energy equipment, forming a “green power” + The development route of “green hydrogen”. On November 2, 2022, a global new product launch conference was held, and HPBC module products (link) were launched, leading the industry development with new battery technology; on the 19th of the same month, the conversion efficiency of the silicon heterojunction battery independently developed by the company reached 26.81%, breaking the dust seal 5-year record for silicon solar cell efficiency.

We can fully foresee that the competition in the global photovoltaic industry in the future will not only be the competition among enterprises of various countries, but also the competition of different technical routes in various countries, and the degree of market competition will become more intense.

The above is a ranking prediction based on module shipments. But how to choose the best PV panel for your home also requires consideration of PV module efficiency, price, service, storage logistics and other factors. For this reason, the Enerad Poland website has analyzed various factors and developed a ranking table of Polish PV panel manufacturers, with Maysun Solar ranked ninth.

As a brand focusing on distributed rooftop photovoltaics, Maysun Solar is expected to have a total shipment of more than 1GW in 2022. In 2023, it will further expand its market share in Europe and provide European users with high-quality products with high cost performance. Contact us today and open the door to green energy.




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