Published on January 29th, 2014 | by Joshua S Hill0
Yingli And Trina Account For 15% Of Solar PV In Q4’13
January 29th, 2014 by Joshua S Hill
The first few months of every year will always find analysts looking back over the previous year, determining who were the market leaders and losers. Many reports and analyses have already shown that China emerged as a solar PV market leader during 2013, and NPD Solarbuzz has released their latest Module Tracker Quarterly report which shows that Chinese solar PV manufacturers Yingli Green Energy and Trina Solar emerged as “clear market leaders” during 2013.
According to the report, the two companies shipped more than 5.8 GW of solar PV modules in 2013, and during the last six quarters Yingli and Trina have increased their total market share from 12% in Q2’12 to nearly 15% at the end of Q4’13.
“Yingli and Trina embarked on an aggressive shipment strategy over the past eighteen months,” said Ray Lian, senior analyst at NPD Solarbuzz. “With the global PV manufacturing segment focused on reducing costs and controlling expenses, there was a clear window of opportunity for market share gains. These two companies have capitalized on this opening with meticulous precision, and they are now poised to become the first multi-gigawatt module suppliers driving the next phase of strong end-market growth.”
For 2013’s fourth quarter, Yingli and Trina both exceeded 800 MW of shipments, with Yingli setting a record of 900 MW. Unsurprisingly, the two companies will now be competing to become the first PV module supplier to reach 1 GW shipped.
Overall, the top 20 leading solar PV companies shipped a new record level of modules in Q4’13, reaching 7.6 GW, marking the first time the top 20 have broken through the 7 GW barrier. The Q4’13 shipment volume from the top 20 companies grew by 9% M/M and 44% Y/Y, allowing the top 20 to account for 68% of the global solar PV industry.
“With a stable pricing climate and with gross margins for the industry leaders set to once again exceed 20%, increased module shipments are now resulting in strong revenue and profit gains,” added Lian. “The positive environment for leading solar PV module suppliers will provide a solid foundation in 2014, which will lead to plans for new capacity expansions and further efficiency improvements.”
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.
Haven’t taken our 2016 reader survey yet? Do so now!