As 2014 comes to a close as well as the third quarter earnings season companies are getting a glimpse into how solar manufactures are performing in terms of sales. Over the past few years Chinese manufacturers have dominated the scene and continue to do so, but according to research firm IHS a reshuffling of the top 10 PV manufacturers is underway.
“The 2014 top 10 PV module suppliers are almost the same group of companies as one year ago. SunPower entered the top 10 in 2014 and was ranked joint 10th largest suppliers alongside Kyocera according to IHS estimates,” wrote IHS’s Stefan de Haan.
Trina Solar will likely be the largest solar panel supplier in 2014, supplanting Yingli solar, which was the largest supplier in 2013. Trina Solar is expected to be ranked the world’s largest PV module supplier by shipment volume for the first time,” Haan said. “It is also expected to break industry records for both quarterly and annual PV module shipments in Q4’14.” Yingli meanwhile adopted a new strategy to prioritize profitability.
JA Solar increased sales significantly, moving up four spots to the fifth largest supplier in 2014. It also saw the highest shipment growth rate among the top 10, Haan said. “Its module shipments are expected to double from 2013 level, outpacing all of the other top 10 suppliers. Such impressive growth highlights JA’s successful transformation from a major cell manufacturer into a leading module supplier.”
The top 10 list reflects the world’s largest markets for solar, according to IHS. China, the U.S. and Japan were the largest markets for solar power in 2014, hence it’s no surprise they’re also the largest producers of modules. For instance, Sharp and Kyocera, Japanese brands were dominate suppliers in that market and SunPower and First Solar were dominant in the U.S. Though both U.S. manufacturers have been installing some of the world’s largest solar power farms in the U.S. while increasingly looking to world markets for additional growth.
IHS also noted that many of the manufacturers increased the use of the their modules for their own solar projects in 2014, much like First Solar and SunPower have done, becoming more integrated solar companies. IHS anticipated that Trina Solar, Yingli, Jinko Solar, and JA Solar, will develop 1.4 gigawatts of projects in 2014.Tweet