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    Headline:    

    Top 10 solar module suppliers in 2018

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    7 minutes, 45 seconds

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    en

    Main keyword:    

    Non-Chinese Phone Brand

    Sub keyword:    

    top 10

    Topics of your individual article:    

    Module ✓ Manufacturing ✓ Rankings ✓ Companies

    Summary:    

    • Thankfully however, the delta between the Top-10 and then to the adjacent number-11 is modest, definition that the recent (preliminary) ranking shown below is probably the ultimate and correct version that will unfold over the next 3-4 months as revealed data of sorts trickles out into mainstream press and social media outlets.
    • Hanwha Q-CELLS looked its ranking fall in 2018, with the company adjusting to former Section two hundred and one implications for US shipments, technology upgrades to lines in China, and a less ambitious growth trajectory that overlapped with its going-private actions during the year.
    • Canadian Solar begin less ambitious procedure shipment targets during 2018, with its business model still fundamentally driven by downstream project acquisition, build-out and phased sales to global secondary market long-term owners.

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    This article reveals the Top-10 module suppliers of 2018, based purely on own-brand shipped module MWp-dc volumes. This story reveals the Top ten module suppliers of 2018, beatened purely on own-brand shipped module MWp-dc volumes. This ranking complements our recently published Top 10 cell producers feature. For the old scarce years, we have wished to compile the Top ten module supplier list before the end of January (or at the latest before the Chinese new year). In practice, with the first two weeks of the year being a reset from any prior-year shipment rush or inventory clear-out, we end up having a couple of weeks to get the Top 10 module supplier rankings done. By carefully finding the main contenders during 2018, this gives us a happy idea of what the Top ten will look like, but when we get initial (unreported) confirmation during January, there are always a few surprises. The counting in the past couple of weeks did not disappoint, and while the industry leader for 2018 was largely known from the start of the year, a few contenders did perform strongly during 2H’18 which is confirmed by the rankings list shown in the article here. Some others – elder reliant on China for shipments – survived more during 2H’18 owing to the reset that occurred after China-531, and especially those module suppliers lacking access to overseas markets, being cash-constrained and with no Southeast Asia manufacturing to utilize then. Before we get to the position ten registering shown, it is vital to understand what ‘module supply’ means, because this still remains broadly misunderstood in the PV industry today. Even when we check companies for numbers, we find we are having to constantly explain to them what module-shipment really means! Methodology spoken Ranking the module suppliers purely on branded end-user (whether in-house EPC or third-party installer/EPC) shipments has become increasingly harder in the old scarce years, with an uptick in both module tolling (where production numbers do not translate to shipment figures) and the use of rebranded OEM module outsourcing (which count as module supply). For example, some multi-GW procedure producers in China may have ‘ produced’ very lofty thing of modules, but shipment numbers are markedly poor owing to these companies being used heavily on a tolling basis by peers in China that have access to module sales pipelines to downstream outlets. Using underutilized production lines as a tolling service for other companies does not count as a module shipment! This is also relevant for some module producers today in Southeast Asia, in particular, Vietnam, as it has always been for contract modules manufacturers like Flex (formerly Flextronics), Celestica and Jabil, to name just three. Similarly, other society in China that have global brand recognition, or have downstream operations that drive the want for in-house branded modules – and who lack readily available owned cell/module operations outside China – typically have module shipment numbers much higher than in-house module production levels (or indeed any nameplate of effective module capacity levels). In fact, seeing across the position twenty module suppliers for 2018, almost every c-Si player (19 of the Top 20) is liable to the above two caveats when ranking module supply figures for the year. By delinquency somewhat, First Solar stays the only (Top 10) company that can lay claim to having 100% own-produced module supply. Another battle in rankings involves to the numbers being reported (or not) by PV companies these days, particularly in light of the current trend of delisting from non-Chinese stock exchanges where the expectation from western observers for production clarity tends to be far greater than any other reporting channels. Ultimately, the methodology behind all companies’ shipment levels has conform rather bespoke, even for the ones that are still releasing MW or revenue numbers on a quarterly basis on NASDAQ or the NYSE for example. Some society also like to quote a-sum-of-all shipments (wafers, cells, modules, and tolling services), which misleads certain third-party observers each year. Thankfully however, the delta between the Top-10 and then to the adjacent number-11 is modest, definition that the recent (preliminary) ranking shown below is probably the ultimate and correct version that will unfold over the next 3-4 months as revealed data of sorts trickles out into mainstream press and social media outlets. We will correct any changes in a few months of course. The position eight are beautiful plenty understood with high certainty at this point; the final two entries are likely correct, with any other lists probably not differentiating between the various categories outlined above (in particular module-only numbers and tolling services). For reference, during 2018, the position 10 module suppliers shipped nearly 60% of all modules to the industry. And finally, here is our estimation of the Top ten module supplier ranking table for 2018: JinkoSolar retained its status as leading module supplier during 2018, with strong market-share gains seen by JA Solar, LONGi Solar and Risen Energy. mentioning on the choice ten companies While JinkoSolar’s position as leading global module supplier during two thousand and eighteen was barely in doubt during the year, the most interesting changes were seen across the remaining companies in the rankings table above. JA Solar demonstrated itself as JinkoSolar’s mean rival globally, with the two companies having made strong investments into mono PERC and being firmly committed to Southeast Asia manufacturing hubs to complement Chinese factories. Trina Solar imagined its ranking fall in 2018, as the crew went through a year of adjustment coupled with cost savings exercises. However, a robust second-half sustained Top three status for the company. LONGi was another hero in 2018, with a robust company focus on wishing non-Chinese module supply growth in most major end-markets. This scheme is anticipated to continue during 2019. Hanwha Q-CELLS looked its ranking fall in 2018, with the company adjusting to former Section two hundred and one implications for US shipments, technology upgrades to lines in China, and a less ambitious growth trajectory that overlapped with its going-private actions during the year. Canadian Solar begin less ambitious procedure shipment targets during 2018, with its business model still fundamentally driven by downstream project acquisition, build-out and phased sales to global secondary market long-term owners. Risen Energy made strong gains in 2018, driven largely by highly effective downstream project activity across Asia that puts the company on a par with Canadian Solar in the grouping above. GCL-SI sustained ceiling ten status, but the company’s non-China function is still a work-in-progress, with all capacity still located in China. holding been just outside the choice ten in 2017, Talesun is a latest entrant to the global Top ten listing for 2018. The group had been one of the first multi-GW capacity Chinese-based companies to focus on non-domestic business (similar to Risen Energy) and its inclusion in the Top 10 in 2018 should not come as a surprise. Finally in the choice ten rankings above, First Solar holds the only non-Asian and only non-c-Si based company to feature. The company went through most of 2018 with sales demand outstripping module supply, allowing the company to control the phasing of Series 4 and Series 6 line utilizations and ramp-ups. Just outside the choice 10 there were other multi-GW module producers, some of which produced more modules than companies in the Top 10 list, but were often used as tolling sources for other companies, pulling down their final estimated module shipment figures. What to require in two thousand and nineteen When we come to summary the Top ten procedure suppliers in 2019, do not ask too countless adjustments; rather some inner reshuffling. In fact, it is likely nine or the position ten urge almost certainly be in the Top 10 for 2019, with the Top 6 the same. Like 2018, the position five are likely to be all Chinese companies, presuming on whether Hanwha Q-CELLS has a happy rebound in two thousand and nineteen or not, with Jinko’s #1 status again simply not in doubt. First Solar is expected to move further up the rankings, but this depends on the success of Series 6 during the year. Of course, aside from being a nightmare for marketing teams admiring to claim leading-supply status or show Y/Y progress, shipment-by-MW-volume is just one part of what really matters in 2019. Module ASPs, cost-structures and profit margins reign supreme of course. But for those multi-GW players that are satisfied with 10-15% gross margins, then the more product that ships, the better. Perhaps again, beating multi-GW position in two thousand and nineteen urge owe a appreciable portion to being one-step ahead of the industry when enacting flexibility in the use of in-house and third-party suppliers , having the correct balance of cell/module capacity inside and outside China, and always offering the optimum performing product to each key global market at ASPs that work also for key customers. various of the ceiling ten procedure suppliers fing be outlining their in-house cell production roadmaps at the imminent PV CellTech two thousand and nineteen event in Penang, Malaysia on 12-13 March 2019. In the past, society that hurried up module shipments to lead global rankings often did this at the expense of in-house cell R&D. Therefore, for those looking to see which of the Top ten procedure suppliers are also cell production leaders in two thousand and nineteen and beyond, PV CellTech 2019 should offer key findings in this regard. To enlist to attend PV CellTech two thousand and nineteen in Penang, Malaysia on 12-13 March 2019, please succeed the wire at the event website here.
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    Top 10 solar module suppliers in 2018
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