JinkoSolar led global PV module shipments in 2024, followed by JA Solar, Longi, Canadian Solar and Trina Solar, according to Wood Mackenzie. The research firm notes a growing shift toward full vertical integration among top manufacturers.
“In many ways, 2024 was a year of survival through scale for the industry,” said Yana Hryshko, head of global solar supply chain at Wood Mackenzie.
However, the top 10 module manufacturers globally shipped more the 500 GW of panels last year.
“Aggressive pricing, intense competition, and continued capital investment weighed heavily on margins as companies pursued long-term leadership in market share and technology,” said Hryshko.
This year’s rankings included a new criterion assessing manufacturers’ ability to “navigate rising trade tensions and country-specific market barriers.”
JinkoSolar was the largest module provider last year with shipments totaling 90.6 GW, followed by JA Solar with 89.6 GW, Longi with 86.5%, Canadian Solar with 84.0 GW, and Trina Solar with 83.7 GW. All the first 10 positions were taken by Asian manufacturers, including South Korea-based Qcells with 73.9 GW and India's Adani Solar with 72.8 GW.
