Nine of the top 12 manufacturers in Wood Mackenzie’s global PV module rankings were Chinese. The fifth and tenth positions were shared by two companies each due to close scores. The evaluation of over 30 manufacturers was based on nine criteria, including manufacturing experience, vertical integration, financial performance, and capacity utilization. Notably, eight of the 12 manufacturers are self-sufficient in cell capacity, and seven are projected to exceed 100 GW of module production capacity by 2027. Tongwei and Risen are fully vertically integrated from polysilicon to module. The combined wafer and cell capacity of the top 10 companies is expected to reach 830 GW within three years, enough to meet global demand twice over. Additionally, 10 of the 12 manufacturers achieved over 100% growth in the past four years, continuing to expand despite an oversupply.
Wood Mackenzie’s PV module manufacturer rankings published
Seven manufacturers to exceed 100 GW production capacity by 2027, reports Wood Mackenzie. (Image Credit: Wood Mackenzie)
South Carolina currently has 108 solar farms with a combined capacity of 1,503 MW, generating 159,167 MWh annually. (Image Credit: SOLARbytes)
JinkoSolar’s N-type TOPCon solar module has attained 25.42% conversion efficiency. (Image Credit: JinkoSolar)
ISO 37301 certification reflects Trina Solar’s commitment to ethical business practices and regulatory compliance. (Image Credit: Trina Solar)
JinkoSolar has set a record with its perovskite tandem solar cell, achieving an impressive 33.24% conversion efficiency using n-type TOPCon technology. (Image Credit: JinkoSolar)