Who is the largest solar panel supplier in China?

The production of solar panels is dominated by China, which accounts for approximately 86% of global output each year, as highlighted by the Fraunhofer Institute for Solar Energy Systems in Germany. If you're interested in discovering more, don't hesitate to explore our website OUSHANG SOLAR.

In stark contrast, both Europe and North America produce merely around 2% of the world's solar panels. This discrepancy logically explains why six out of the seven largest solar manufacturers globally are based in China.

The Dominance of Chinese Solar Manufacturers

According to recent data, the price of solar panels is decreasing; however, the shipment volumes and revenues of leading solar panel manufacturers continue to rise. So, who are these industry titans responsible for producing some of the highest-rated solar panels in the market? Below, we will outline the top seven solar panel manufacturers based on their shipment volumes, along with some insights about each company.

Top Solar Panel Manufacturers Worldwide

China's dominance in the solar panel industry is evident, with six of the seven largest manufacturers located in the country. Below is a summary of the leading companies and their respective shipment capacities.

These rankings are significant, as they illustrate the real-world impact these companies are having based on their shipment volumes.

1. Tongwei Solar - China

Recognized as the largest solar panel manufacturer worldwide, Tongwei Solar shipped an impressive 38.2 GW of solar cells and panels recently. With an annual production capacity for solar cells at 70 GW and for solar panels at 14 GW, they stand as a major player in the solar industry. Tongwei employs over 40,000 individuals and registers an average revenue of about 156 billion CNY (around £17 billion). Their products are exported extensively across countries such as the UK, Germany, and the US.

2. JA Solar - China

JA Solar ranks as the second largest manufacturer, reporting shipments of 36.2 GW last year. The company boasts solar cells that achieve efficiencies of up to 25%, which is significantly higher than the average. With a workforce exceeding 32,000, JA Solar's revenue reached 72.9 billion CNY (approximately £8.04 billion) recently, showcasing a growth rate of 43.5% in the first half of the current year.

3. Aiko Solar - China

Aiko Solar comes in third place, having shipped 30.7 GW of solar panels and cells last year. Established in 2009, this Shanghai-based company has exported over 100 GW of solar products to date and has a revenue of 35.34 billion CNY (£3.88 billion). Aiko also produces solar inverters, storage batteries, and mounting systems.

4. LONGi Solar - China

With a revenue of approximately 128 billion CNY (£14 billion), LONGi Solar, while being the fourth largest, shipped out 29.2 GW last year. The company is also engaged in developing green hydrogen production equipment.

5. Jinko Solar - China

Jinko Solar takes fifth place after shipping 23.9 GW of solar panels and cells. Over the years, they have shipped a cumulative total of 165 GW of products, showcasing a notable revenue increase of 105% over the last year.

6. Canadian Solar - Canada

As the solitary representative from Canada, Canadian Solar is the sixth-largest manufacturer, notifying shipments of 16.8 GW last year. Their revenue stands at $7.47 billion CAD (£4.42 billion), signaling their substantial presence in the global market.

7. Trina Solar - China

Trina Solar rounds out the top seven, with shipments equivalent to 14.5 GW. The company specializes in solar technology advancements and has an annual revenue of roughly 98.7 billion CNY (£10.87 billion).

Summary

To summarize, most of the leading solar panel manufacturers are situated in China, which provides a staggering 80% of the world's solar panels, according to the International Energy Agency. Given China's massive lead in solar capacity, other nations such as the UK, the US, and the European Union may need to consider expanding their domestic solar manufacturing efforts to enhance their solar power usage.

FAQs

Where is the largest solar farm located globally?

The largest solar farm in the world is the Golmud Solar Park in China, featuring over seven million solar panels with a combined capacity of 2.8 GW.

Who is the biggest solar panel supplier in the UK?

Project Solar holds the title as the largest solar panel supplier in the UK with a successful history of over 45,000 installations nationwide.

Are there any solar panel manufacturers in the UK?

Yes, there are several solar panel manufacturers in the UK, including GB-Sol and Viridian Solar. These companies design and assemble their solar panels locally.

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