This sheet provides a detailed comparison of major solar panel vendors globally, including their market share, main products, target markets, key models, pricing, and countries of manufacture.
Key Specifications
- Company Name: The name of the manufacturer.
- Market Share: The percentage of total market shipments attributed to the company.
- Main Product: The primary type of solar panel they produce (e.g., monocrystalline, polycrystalline, thin-film).
- Main Target Market: The primary customer segment (e.g., residential, commercial, industrial).
- Main Model: The flagship solar panel model offered by the company.
- Price: Average price per watt or per panel.
- Country of Manufacture: Where the panels are produced.
Vendor Comparison Table
| Company Name | Market Share (%) | Main Product | Main Target Market | Main Model | Price (AUD/Watt) | Country of Manufacture |
|---|---|---|---|---|---|---|
| Tongwei Solar | 15.5 | Monocrystalline | Residential/Commercial | TW-Solar Series | $0.34 | China |
| JA Solar | 14.7 | Monocrystalline | Residential/Commercial | JAM72S20 | $0.32 | China |
| LONGi Solar | 13.4 | Monocrystalline | Residential/Commercial | Hi-MO 6 | $0.34 | China |
| JinkoSolar | 12.6 | Monocrystalline | Residential/Commercial/Utility | Tiger NEO | $0.32 | China |
| Canadian Solar | 10.5 | Monocrystalline/Polycrystalline | Residential/Commercial/Utility | HiKu6 | $0.30 | Canada |
| Trina Solar | 10.3 | Monocrystalline | Residential/Commercial/Utility | Vertex S+ | $0.30 | China |
| First Solar | 8.2 | Thin-film | Utility | Series 6 | $0.46 | USA |
| Risen Energy | 7.1 | Monocrystalline | Residential/Commercial/Utility | Risen RSM120 | $0.31 | China |
| Q CELLS | 6.4 | Monocrystalline | Residential/Commercial/Utility | Q.PEAK DUO G6 | $0.35 | South Korea |
| Hanwha Q CELLS | 5.8 | Monocrystalline | Residential/Commercial/Utility | Q.PEAK DUO L | $0.36 | South Korea |
Insights and Recommendations
- Leading Manufacturers: Tongwei Solar and JA Solar are among the top manufacturers with significant market shares and strong product offerings in monocrystalline panels.
- Diverse Product Lines: Companies like Canadian Solar and First Solar provide a mix of monocrystalline and thin-film options, catering to different market needs.
- Competitive Pricing: Most vendors maintain competitive pricing around AUD $0.30 to AUD $0.36 per watt, making solar energy more accessible.
- Geographical Considerations: While most leading manufacturers are based in China, companies like First Solar in the USA focus on thin-film technology, which may appeal to specific markets.
Citations:
[1] https://www.sunsave.energy/solar-panels-advice/solar-energy/largest-manufacturers
[2] https://www.mordorintelligence.com/industry-reports/solar-panel-market
[3] https://www.pv-magazine.com/2024/06/11/ja-solar-takes-top-spot-on-woodmacs-list-of-pv-module-manufacturers/
[4] https://www.mokoenergy.com/solar-panel-market/
[5] https://renewables.digital/product/solar-panel-manufacturers-global/
[6] https://www.statista.com/statistics/513150/solar-firms-market-capitalization-globally/
[7] https://www.solarbeglobal.com/top-pv-module-suppliers-by-shipment-in-h1-2024/
[8] https://www.precedenceresearch.com/solar-pv-panels-market
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/comparison-of-solar-panel-vendors-worldwide/
