Top 10 PV Suppliers Solidify Hold On Growing Market

Posted by SI Staff on April 23, 2015 No Comments
Categories : New & Noteworthy

According to a new report from IHS Inc., the top 10 solar photovoltaic module suppliers shipped 23.7 GW of product in 2014, growing their combined share of the total market to 49%, compared with 48% in 2013.

Chinese suppliers continued to dominate the market last year, the report says. The new PV Integrated Market Tracker from IHS shows that seven of the top 10 module suppliers are based in China, two are based in Japan and one is in the U.S.

The 2014 top 10 companies are the same as the previous year, but the order has changed. For example, with a 30% unit-shipment increase and 17% gross margin, Trina Solar became the top supplier last year. Hanwha SolarOne's merger with Q Cells propelled the company from 10th place in 2013 to fourth place.

IHS forecasts that the global PV market will increase 30% this year, reaching 57 GW.

‘Chinese module makers continue to lead IHS rankings because China is the largest global market and it is closed to foreign suppliers,’ says Jessica Jin, solar supply-chain analyst for IHS. ‘Chinese suppliers also performed well in Japan, the U.S. and other markets worldwide.’

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