Jinko, Trina, and Adani Were Top Solar Module Suppliers in 2022

The top five module suppliers accounted for 49% of the market share


Jinko Solar, Trina Solar, Adani Solar, LONGi Solar, and JA Solar were the top solar module suppliers in the calendar year (CY) 2022, according to Mercom’s recently released India Solar Market Leaderboard 2023.

The report covers market shares and rankings across the Indian solar supply chain and provides the most accurate and comprehensive coverage of India’s solar industry leaders. The report captured notable shifts in market share rankings, with most players changing places in the list.

Trina Solar moved to second place with a significant increase in annual module shipments. The only new entrant in the top ten list was Canadian Solar.

During CY 2022, the polycrystalline modules accounted for 19.5% of the total module supply, while monocrystalline modules constituted around 69.8%. Bifacial and Thin Film modules represented 9.7% and 1% of the module supply, respectively.

Chinese module suppliers continued to dominate the top ten list. A total of six Chinese companies made it to the top ten list.

The top three suppliers—Jinko Solar, Trina Solar, and Adani Solar—accounted for 13%, 11%, and 9% of the total modules supplied in 2022. LONGi Solar and JA Solar were the fourth and fifth largest, with each accounting for 8% of the market share.

The top five suppliers shipped around 49% of capacities supplied to the domestic solar market.

Top Module Suppliers 2022-1

Jinko Solar emerged as the top choice among developers in 2022.

The company has built a vertically integrated solar product value chain with an integrated annual capacity of 58 GW for monocrystalline wafers, 55 GW for solar cells, and 70 GW for solar modules as of December 2022. The company expects its yearly production capacities to reach 75 GW each for monocrystalline wafers and solar cells, with solar module capacities reaching 90 GW by the end of 2023.

In December last year, Jinko Solar recorded maximum efficiency of 26.4% for its M10 wafer format n-type Tunnel Oxide Passivated Contact (TOPCon) solar cells. The mass production efficiency of n-type TOPCon solar cells reached 25.1% at the end of 2022.

The company announced in March last year that it had delivered 100 GW of solar modules globally.

Second on the list was Trina Solar. In December 2022, Trina inaugurated its 8 GW n-type i-TOPCon solar cell factory in Suqian, China. The company also added 11 GW of solar module production factory in Yancheng, China, in the second half of 2022.

In July, Trina Solar’s State Key Laboratory of PV Science and Technology announced that its proprietary industrial larger-area 210 mm×210 mm PERC solar cell had achieved 24.5% efficiency.

Trina Solar inaugurated its New Energy Industrial Park project in Xining, the provincial capital of the central Chinese province of Qinghai, last June. The factory will include production lines with an annual output of 300,000 metric tons of industrial silicon, 150,000 metric tons of high-purity polysilicon, 35 GW of monosilicon, 10 GW of wafer slices, 10 GW of cells, 10 GW of modules, and 15 GW of auxiliaries for modules.

Adani Solar, the only Indian company to make it to the top five, established India’s first and largest vertically integrated solar company with a 4 GW manufacturing capacity, offering products and services across the spectrum of photovoltaics manufacturing.

Adani Enterprises became the first company to start the construction of a polysilicon and monosilane manufacturing facility to be constructed in Mundra, Gujarat. The Mundra plant is expected to play host to the entire solar manufacturing ecosystem, from polysilicon to modules, including ancillaries and supporting utilities.

Adani was awarded a performance-linked incentive of ₹6.63 billion (~$80.03 million) for a capacity of nearly 737 MW of vertically-integrated high-efficiency solar modules.

Next on the list at number four position was LONGi Solar. As of December 2022, the company has a module manufacturing capacity of 85 GW, a cell manufacturing capacity of 60 GW, wafer manufacturing capacity of 150 GW.

LONGi Green Energy Technology signed an investment agreement with the local government of Shaanxi province to manufacture 100 GW of monocrystalline silicon wafers and 50 GW of monocrystalline cells.

In December last year, after a year and a half of extensive research in heterojunction (HJT) solar cells, China-based LONGi Green Energy Technology said it had achieved a record efficiency of 26.81% for its HJT silicon solar cells on full-size silicon wafers through mass production.

JA Solar rounded off the top five list. With 12 manufacturing bases and over 20 branches worldwide, JA Solar’s business covers silicon wafers, cells, and modules. JA Solar products are available in 135 countries and regions and are used extensively in ground-mounted solar projects and rooftop solar installations of commercial, industrial, and residential customers.

JA Solar signed a strategic cooperation framework agreement with the Ordos Municipal government in China’s inner Mongolia region to build a low-carbon industrial park for the photovoltaic (PV) industry cluster. The PV industry cluster, once complete, will have facilities to produce 10,000 tons of silicon, 20 GW each of ingots and wafers, 30 GW of photovoltaic cells, and 10 GW of solar modules.

The company announced the maximum power of their n-type module reaching 625W and efficiency of up to 22.4%. The company’s solar modules are used across multiple utility-scale projects in India.

The report covers the market landscape across the entire supply chain. For the detailed and comprehensive report, click here.

Also, the Market Share Tracker, which gives data insights into your competitors and their growth rates on a quarterly basis, is now available.