Solar, Utility Scale

Chinese Solar Manufacturers Dominate Market in 2015

According to the latest PV Manufacturer Capacity, Shipments, Price and Revenue Report from SPV market research, in 2015 Chinese solar module manufactures added manufacturing capacity in other regions of the world, indicating strong growth for the PV sector overall.

“At the end of 2015 a cumulative 215-GWp of PV cells/modules had been shipped into the market and the global PV industry looks to be well on its way to a cumulative 1-TWp in shipments by 2023,” said Paula Mints author of the report. Chinese manufacturers accounted for 48 percent of those shipments, dominating the global market.  

solarThe top ten PV manufacturers in 2015 were Trina, JA Solar, Hanwha Q-Cells, Canadian Solar, First Solar, Jinko Solar, Yingli, Motech, NeoSolar, and Shungfeng-Suntech. Shungfeng-Suntech owns a controlling interest in US-based Suniva so Suniva’s shipments are included in the Shungfeng-Suntech total. The report shows that in 2015, PV manufacturer cell/module revenues increased by 23 percent to $32.1-billion from $26.1-billion.

The chart presents manufacturers with a minimum 3 percent share of 2015 shipment volume, a significant feat with current industry gigawatt volume shipments. The thirteen manufacturers in the Figure shipped 61 percent of the global total or 31-GWp.

[Editors note: For the most in-depth analysis of the global solar market from a supply side perspective, be sure to purchase the full report, available at this link.]