The module shipments of the top 20 manufacturers increased by more than 50% year-on-year, of which the shipments of the top four accounted for 59.95% of the total shipments of the top 20. The major players maintained their leading positions throughout the list. The top four were LONGi, Jinko, Trina and JA Solar, the same order as previous year.
In August 2023, Tongwei Group made history as the first solar PV company on the Fortune Global 500 list, and is currently the only solar company on the global list (as of March 2024). The top seven global solar panel manufacturers are mostly (though not exclusively) Chinese.
Tongwei Solar (TW-Solar) is the largest solar panel manufacturer in the world. TW-Solar shipped a whopping 38.1GW of solar modules in 2022, doubling Trina Solar's shipments and achieving an annual revenue of USD $20.57 billion (£16.2 billion). In August 2023, Tongwei Group made history as the first solar PV company on the Fortune Global 500 list.
JA Solar, Canadian Solar, and Risen Energy rounded out the top six, in a year dominated by large-format modules. TrendForce says in a new report that the top six module manufacturers in 2022 shipped around 205 GW to 211 GW of PV panels, accounting for 76% to 78% of 270 GW of module demand last year. All of the main manufacturers are based in China.
TrendForce has ranked the top six module manufacturers by shipment volume in 2022, with Longi topping the list, followed by Trina Solar and JinkoSolar. JA Solar, Canadian Solar, and Risen Energy rounded out the top six, in a year dominated by large-format modules.
The third largest solar panel manufacturer is Shanghai AIKO Energy Co. Ltd., which exported 30.7GWp of solar modules in 2022. AIKO’s sleek black N-type ABC (All Back Contact) monocrystalline glass modules have been consistently ranked as the world's most efficient panels (at 24% efficiency) since their launch in March 2023.
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