After the fierce competition in the past two years, the overall competition pattern of the Solar industry has changed a lot, and the strength ranking of different enterprises has also changed unprecedentedly. Now we rank the “Top 7 solar panel manufacturers in China in 2020” from six dimensions: enterprise-scale, core business data in 2019, capital market performance, financial stability, advanced capacity layout and factor support for enterprise expansion for your reference and discussion.
- LONGi Solar
The company was founded in 2000 and listed in 2012. Since then, it has quickly become the first in the world in the field of monocrystal silicon.
In its 20th year since its establishment, the company has become the first photovoltaic manufacturer in the industry in terms of revenue, net profit and market value. Since 2019, the company has announced at least 16 major project investment announcements, covering monocrystalline silicon rods, monocrystalline silicon wafers, monocrystalline cells, monocrystalline solar panels and other fields.
- Jinko Solar
The company was founded in 2006. By the end of 2019, it has occupied the “first” position of global solar panel shipments for four consecutive years. In the company’s shipment of 14.2gw in 2019, the proportion of high-efficiency monocrystal silicon products will exceed 70%, and the proportion of high-efficiency monocrystal silicon products will be close to 100% in 2020.
As of March 31, 2020, the company’s monocrystalline silicon production capacity has reached about 17.5 GW, solar cell production capacity has reached about 10.6 GW, and solar panel production capacity has reached about 16 GW.
The company has more than 15000 employees and 14 overseas subsidiaries; The cumulative shipment volume is 52 GW, there are more than 30 global service centers, covering more than 100 countries, and the annual order volume is more than 8000.
- Trinasolar
One of the leaders in the global solar power industry, ranked first in the global solar panel shipment for two consecutive years. The company’s main businesses include solar products, solar systems and smart energy.
- JA solar
As the world’s leading photovoltaic enterprise covering the whole industry chain, the shipment of solar panels ranked second in the world in 2019, and overseas accounted for 73.61% of the company’s total shipment. At present, the company has 12 production bases and more than 20 branches all over the world, with products in more than 120 countries and regions.
- CanadianSolar
Founded in 2001, the company has more than 13000 employees worldwide. In 2019, CanadianSolar shipped 8.6 GW of solar panels to more than 90 countries around the world. Among them, the shipments of polycrystalline solar panels accounted for 74%, and the shipments of monocrystalline solar panels accounted for 26%. The company has the production capacity of monocrystalline and polycrystalline solar panels, and the capacity layout has strong flexibility.
As of December 31, 2019, the production capacity of silicon ingot, silicon wafer, solar cell and solar panel has reached 1850 MW, 5000 MW, 9600 MW and 13040 MW respectively.
- Risen energy
This company is one of the enterprises with the strongest development momentum in the solar industry in recent years. Founded in 1986. The company is mainly engaged in the R&D, production and sales of the grid-connected solar power generation systems, independent solar power supply systems, solar cells, solar panels, etc.
The company has set up offices and branches around the world and established a global sales network, such as China, Germany, Australia, Mexico, India, the United States and Japan, in order to provide green new energy for the world. After years of efforts, the company’s solar panel production capacity has reached 11.1gw. The company’s products are exported to more than 50 countries and regions such as Europe, America, South Africa and Southeast Asia, providing professional and convenient photovoltaic products and technical support for the majority of users.
As of 2019, the company’s annual capacity of solar panels is 11.1gw, mainly distributed in Ningbo, Zhejiang, Jintan, Jiangsu, Yiwu, Zhejiang and Luoyang, Henan.
- SUNTECH
Founded in 2001, the company is a world-renowned manufacturer of high-performance solar products, focusing on the R&D and production of solar cells and solar panels for 20 years. In recent years, the company has a good development momentum, and the cumulative shipment in 2019 exceeded 4gw, a record high.
Relying on the influence of the brand overseas, the export scale of the company has increased year by year. According to the customs data, the company’s solar panel shipments in 2019 ranked among the top, including the top 3 in India, Egypt and South Africa, the top 6 in Europe and Japan, and also performed well in other markets.
