Top 5 photovoltaic module manufacturers in China in 2022
Photovoltaic modules are part of the photovoltaic industry chain. As the smallest effective power generation unit, photovoltaic modules undertake the function of photoelectric conversion in photovoltaic power plants and are the core part of photovoltaic power generation systems. Our website has previously sorted out the top 5 pv inverter manufacturers. This article will list top 5 photovoltaic module manufacturers in China and introduce these companies’ development of photovoltaic modules in detail.
Top 5 photovoltaic module manufacturers in China
Founded in 2000, LONGi initially started with the semiconductor business. In 2007, it began to deploy photovoltaic monocrystalline silicon wafers, and later listed on the main board in 2012. LONGi’s main business is the research and development, production and sales of monocrystalline silicon rods, silicon wafers, cells and modules, as well as the development, construction and operation of photovoltaic power plants.
A complete industrial chain from monocrystalline silicon rods/wafers, monocrystalline cells/modules to downstream monocrystalline photovoltaic power station applications has been formed. Among them, the monocrystalline silicon wafer and monocrystalline module business is the core manufacturing business of the company. At present, the company has developed into the world’s largest monocrystalline silicon wafer and module manufacturing enterprise.
According to the growth and cyclical characteristics of the photovoltaic industry, LONGi arranges the rhythm of production expansion, and actively conducts an integrated layout, laying the foundation for the company’s rapid development in the future.One of top 5 photovoltaic module manufacturers in China, LONGi has become the global leader in silicon wafers and components, with a comprehensive layout of the zero-carbon track. The global leader in module sales will maintain rapid growth in 2022.
The company’s monocrystalline module shipments in 2021 will be 38.52GW, ranking first in the industry. The company’s market share in Asia-Pacific, Europe, Middle East and Africa and other countries and regions has achieved leadership, and module sales have achieved overall leadership in major global market segments. In 2022, the company’s module shipments are expected to reach 50GW-60GW (including self-use).
The integrated production capacity continues to expand, and the market share is expected to further increase. In 2022, the company plans to expand the production of 45/23/25GW of monocrystalline silicon wafers/monocrystalline cells/monocrystalline modules respectively. By the end of 2022, the production capacity of monocrystalline silicon wafers/monocrystalline cells/monocrystalline modules will reach 150/60/85GW respectively, and the module production capacity will remain the first in the industry.
Total market value: 372.939 billion RMB
Company website: http://www.longigroup.com
Established in 2006, Jinko Solar is a PV module manufacturer with vertically integrated production capacity ranging from rod/ingot production, wafer production, cell production to PV module production. Customers include photovoltaic power plant investors, developers, contractors and end customers of distributed photovoltaic systems around the world, and the sales scale and market share occupy the leading position in the market.
Jinko Solar, as a company of top 5 photovoltaic module manufacturers in 2022, the company’s component shipments lead the world, and the integration rate has increased significantly. In 2022Q1, the company’s module shipments reached 8031MW, an increase of 56.7% over the same period last year, and the global cumulative shipments exceeded 100GW, making it the only company in the world with shipments reaching the level of one million GW.
By the end of 2021, Jinko Solar’s monocrystalline silicon wafer/cell/module production capacity will reach 32.5/24/45GW, respectively, with a capacity integration rate of about 53%. As the company’s silicon wafer and battery production capacity in Vietnam, Hefei, Haining and other places will be put into production in 2022.
By the end of 2022, the company’s monocrystalline silicon wafer/cell/module production capacity will reach 55/55/60GW respectively, and the integration rate of the entire industry chain will increase to about 92%. N-type TOPCon technology is leading in the industry, and the expansion of production capacity is imminent. Jinko Solar is in a leading position in the N-type TOPCon technology route. In April 2022, the company’s 182 N-type TOPCon cell conversion efficiency reached 25.7%, setting a new world record again.
In November 2021, the company launched the TigerNeo series module products using N-type TOPCon battery technology, which have the characteristics of high power, high efficiency, high reliability and low attenuation, and are widely recognized by the market. The company’s N-type TOPCon module capacity industrialization process continues to accelerate, and the company’s N-type TOPCon module shipments are expected to reach more than 10GW in 2022.
Total market value: 176.8 billion RMB
Company website: http://www.jinkosolar.com
Founded in 2005, JA SOLAR started with the photovoltaic cell business and entered the A-share market in 2019. JA SOLAR is a photovoltaic integrated enterprise, its business covers silicon wafers, cells, modules and photovoltaic power plants and other fields.
JA SOLAR also as one of the top 10 solar battery manufacturers has 12 production bases and more than 20 branches around the world, with product footprints in more than 100 countries and regions, and is widely used in ground photovoltaic power stations, industrial, commercial, and residential distributed photovoltaic systems. Most of the company’s cell products are produced by its own components, and a small amount is sold to the outside world. At present, the company’s vertical integration rate is as high as 80%, which is at the leading level in China, and its cost control ability is excellent.
JA SOLAR’s performance has grown rapidly, and both the volume and price of module products have risen. In 2021, the company’s annual module shipments will reach 24.07GW, a year-on-year increase of 60.26%, ranking second in the world. In the first quarter of 2022, the company’s module shipments will reach 6.83GW, a year-on-year increase of 45.56%.
The company has increased the vertical integration layout, and the production capacity integration rate has remained around 80%. By the end of 2021, the company has a module production capacity of nearly 40GW, and the upstream wafer and cell production capacity is about 80% of the module production capacity. JA SOLAR in top 5 photovoltaic module manufacturers is actively deploying to the upstream and downstream of the industrial chain. Modules include Xingtai 5GW high-power module project, Qujing 5GW module project, and Hefei 11GW high-power module reconstruction and expansion project.
By the end of 2022, the company’s module production capacity will reach 50GW, and the silicon wafer and cell production capacity will continue to maintain about 80% of the module production capacity. The new N-type modules have excellent efficiency and large-scale mass production is imminent. JA SOLAR released its first n-type module product, DeepBlue 4.0 X, on May 18, 2022. The mass-produced cell efficiency can reach more than 24.8%, the maximum power can reach 625W, and the maximum conversion efficiency of the module can reach 22.4%.
The company’s N-type modules plan to achieve mass production in the third quarter of this year, with a production capacity of 1.3GW. It will reach 6.5GW by the end of this year and is expected to reach a capacity reserve of 15GW by 2023, helping to improve the company’s competitive position in the industrialization of next-generation N-type module technology.
Total market value: 150.037 billion RMB
Company website: http://www.jasolar.com
The company was established in 1997, and the photovoltaic technology research and development and innovation center was established in 1999, focusing on the research and development of solar energy application technology. After the company’s first module production line was put into production in 2004, the company actively started the process of internationalization, expanded its sales network globally, and was listed on the New York Stock Exchange in 2006.
In 2010, the company’s photovoltaic module shipments reached 1GW, which has become the first echelon of global photovoltaic companies. Since then, the company has repeatedly set world records for module efficiency, and has deployed production capacity in Southeast Asia.
By the end of 2021, the company’s cell/module production capacity will be 35/50GW respectively, of which large-scale production capacity accounts for more than 70%. In 2021, the company’s total module shipments will reach 24.8GW. Among them, the shipment of 210mm large-size products is about 16GW, accounting for about 65%, and the shipment of large-size components ranks first in the world.
By the end of 2022, the company plans to reach 50/65GW of cell/module production capacity, respectively, and the self-sufficiency rate of cells will be further improved. In 2022, as one of top 5 photovoltaic module manufacturers the company’s module shipment target is 43GW (including self-use), a year-on-year increase of 73%. On June 17, 2022, Trina Solar announced to invest in the construction of Trina Solar (Xining) New Energy Industrial Park project in Xining.
Including an annual output of 300,000 tons of industrial silicon, an annual output of 150,000 tons of high-purity polysilicon, an annual output of 35GW of monocrystalline silicon, an annual output of 10 GW of chips, an annual output of 10 GW of cells, an annual output of 10 GW of modules, and a 15GW module auxiliary material production line.
Total market value: 143.863 billion RMB
Company website: http://www.trinasolar.com/cn
Risen Energy was established in 1986. In September 2010, it was successfully listed on the Growth Enterprise Market of Shenzhen Stock Exchange. The company is mainly engaged in the research and development, production and sales of photovoltaic grid-connected power generation systems, photovoltaic independent power supply systems, solar cells, and modules. After years of hard work, Risen Energy’s module production capacity has now reached 14.1GW.
In 2011, Risen Energy’s module capacity was 700MW. In 2021, this figure will reach 19.1GW, a 27-fold increase. This is only the landed production capacity, as well as the planned production capacity. On December 27, 2021, Risen Energy in top 5 photovoltaic module issued an announcement saying that it participated in the construction of the source-grid-load-storage integration demonstration project (Phase II) of the incremental distribution network in Inner Mongolia.
The project is divided into two parts: one is the annual output of 200,000 tons of metal silicon + 150,000 tons of high-purity silicon + 10GW N-type high-efficiency crystal pulling + 3GW modules. The second is 3.5GW photovoltaic power station project + 1.6GW wind power station project + energy storage project. On January 29, 2022, Risen Energy plans to invest 15.2 billion RMB to build a 15GW N-type ultra-low carbon high-efficiency heterojunction cell and 15GW high-efficiency solar module project in Ningbo.
Total market value: 24 billion RMB
Company website: http://www.risenenergy.com