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Top 6 Crystalline Solar Panel Manufacturers To Achieve 50% Global Share In 2016

The top solar panel manufacturers in the world are expected to have a great 2016 as orders, and their overall share, is expected to increase significantly.

Solar Intelligence, part of Solar Media, expects that the collective share of six of the leading crystalline silicon solar panels will increase to 50%. Solar Intelligence refers Canadian Solar, Hanwha Q CELLS, JA Solar, JinkoSolar, Trina Solar, and Yingli Green as the ‘Silicon Module Super League.’

The analysis by Solar Intelligence takes into account production capacity as well as final shipments. For 2015, the 6 companies were estimated to have had just over 40% global market share, representing a total of 25-30 GW in production capacity and final module shipment.

In 2016, with the share expected to increase to around 50% for these six companies, the cumulative production and shipment is expected to exceed 30 GW.

Solar panel module shipments are expected to rise significantly over the next few months as demand from developed as well as developing markets is expected to increase. Among the leading demand centers of solar panels will be China and India. China aims to have installed solar power capacity of up to 200 GW by 2020, while India has set an installed capacity target of 100 GW by 2022. Demand is also expected to increase from other developing markets like Africa and Latin America.

 
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Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.

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