The global solar PV module market was valued at $36.71 billion in 2017 and is estimated to reach $26.4bn, in 2021, registering a negative compound annual growth rate (CAGR) of 8% between 2017 and 2021. The fall in the market value is mainly due to the fall in module prices.
First Cradle-to-Cradle certificate
Jinko Solar reported spectacular results in 2017, with the company reaching the milestone of receiving the first Cradle-to-Cradle (C2C) certificate in China from SGS, one of the world's leading testing, inspection, verification, and certification organizations. This certification highlights Jinko Solar’s commitment to high environmental, health, and safety standards.
Enhanced quality control
Ankit Mathur, Practice Head of Power at Global Data, comments: “Jinko Solar has broken a number of world records for its silicon solar cell and module technology, displaying its technological prowess. The company has maintained its top position in terms of solar PV research and development through its advanced manufacturing process, higher mass production speeds, and enhanced quality control compared to its counterparts.”
Trina Solar with record efficiency
Trina Solar is also in a strong position in the areas of product quality and reliability, performance, innovation, as well as robust financial management. The company has achieved a number of breakthroughs with its innovative research and development, and its large-area interdigitated back contact silicon solar cell hit a record efficiency of 24.13% in May 2017.
Canadian and JA Solar third and fourth
Regarding the other companies which made the top rankings, Canadian Solar Inc. and JA Solar Holdings Co., Ltd occupied third and fourth place, with shipments of 6.9 GW and 6.7 GW, respectively. Hanwha Q Cells Co., Ltd. came fifth with 5.6 GW, GCL System Integration Technology Co., Ltd. was sixth with 4.6 GW, Lerri Solar Technology Co. Ltd stood in seventh place with 4.4 GW, and Yingli lay in eighth spot with 2.9 GW.
Lerri Solar mono manufacturing in India
Mathur adds: “Lerri Solar Technology Co. Ltd., a subsidiary of Longi Green Energy Technology, gained substantial ground by entering into the top solar manufacturer ranking in 2017. The company is planning to raise its stakes in the growing market through rapid expansion in domestic and overseas manufacturing facilities. Recently the company announced its plan to increase its production base with a set up 1GW Mono Cell and 1GW mono module manufacturing facility in India.
“Risen Energy has entered the 2017 top 10 listing of the solar module manufacturers after gaining competitive edge in technology, automation and cost control in the photovoltaic sector. From the past few years the company has been company expanding its presence in markets such as Italy, Germany, Romania and India.” (HCN)
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