Trina the top PV module supplier in 2014
A 30% rise in output pushes China-based manufacturer to the top of the leader board.
Chinese-based companies continue to dominate the list of leading global PV module suppliers, according to a new report.
Trina Solar dethroned compatriot Yingli at the top of the leaderboard last year, boosting unit production by 30% in 2014 compared to the previous year, IHS said.
The new PV Integrated Market Tracker from IHS reveals that seven of the top 10 module suppliers are based in China, two are based in Japan and one in the United States.
With shipments of 23.7 gigawatts (GWs) the top 10 solar photovoltaic (PV) module suppliers grew their combined market share slightly last year, from 48% in 2013 to 49% in 2014.
“Chinese module makers continue to lead IHS rankings, because China is the largest global market, and it is closed to foreign suppliers,” said Jessica Jin, solar supply-chain analyst for IHS.
“Chinese suppliers also performed well in Japan, the United States and other markets worldwide.”
Due to Hanwha SolarOne’s merger with Q Cells, the company rose strongly in the rankings from tenth to fourth place.
IHS forecasts that the global PV market will increase 30% this year to 57 GW. Global utilisation is also forecast to rise from 61% in 2014 to 69% in 2015, with tier-one manufacturers running at the 90% level or higher.
“Top PV module manufacturers continue to expand this year,” Jin said. “JA Solar has announced a 20 percent increase in module capacity in China this year, while Trina Solar will add 1 GW of module capacity.”
The IHS PV Integrated Market Tracker covers focuses on the markets for polysilicon, solar wafers, PV cells and modules and PV installations. It delivers independent analysis, market data and industry forecasts.
The list in full including last year's position in brackets
1. Trina Solar (2)
2. Yingli Green energy (1)
3. Canadian Solar (3)
4. Hanwha SolarOne (10)
5. Jinko Solar (5)
6. JA Solar (9)
7. Sharp (4)
8. ReneSola (7)
9. First Solar (6)
10. Kyocera (8)