It is pertinent to note that according to HIS, Trina Solar is the top shipper of solar panels (in 2014), which was followed by Yingli Green Energy and that both the companies are based out of China. China, over the past few years, has dominated the solar power equipment manufacturing business and shipments as well.
China is the global powerhouse in solar panel manufacturing, driving the industry with unparalleled production capabilities and cutting-edge technological advancements. As the world’s leading producer, China commands over 95% of the global market for key components such as polysilicon, ingots, and wafers, essential for solar panel production.
The Sinovoltaics analysts note that while the rankings do not say anything about the actual quality of PV equipment, buyers and other industry stakeholders, such as financial institutions, can use the ranking reports as part of the due diligence process or to help identify financially stable partners.
The manufacturer leading the ranking is Taiwan-based Tainergy, followed by Eterbright Solar Corporation, and First Solar. They are followed by China-based ERA Solar Technology and Taiwan-based TSEC, DMEGC, Adani Solar, Japan’s Kyocera, and China-based Tognwei Solar and Longi.
Jiangsu Province is renowned as one of China’s largest solar panel manufacturing hubs. Located on the east coast, it has the advantage of being near ports, which facilitates the ease of exporting solar panels. The province hosts a multitude of solar panel manufacturers in China, including Trina Solar, one of the world’s largest.
China’s DMEGC Solar, a unit of DMEGC Magnetics Group, climbed from ninth to sixth, while India-based Adani Solar , a unit of Adani Enterprises, entered the top ten at seventh place, up from thirteenth.
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