The trend of the strong getting stronger is increasingly evident in the photovoltaic (PV) module sector, where companies are adopting differentiated strategies to carve out their niche. Recent statistics show that the concentration of PV module manufacturers is on the rise. In the first half of 2020, the top 10 module companies accounted for approximately 70% of domestic shipments, an increase from 64% in 2019. Notably, the top three companies alone made up 45.3% of the total shipments from these ten firms, demonstrating the growing competitiveness among leading enterprises.
In light of the Matthew effect, where the rich get richer, pursuing a differentiated approach has become crucial for the growth of PV module companies. As the industry expands globally, both domestic and international markets are witnessing significant shifts.
Recent reports highlight key developments in the sector. For instance, Jiangsu Province’s Vice Governor, Fang Wei, recently visited Trina Solar to encourage the company to enhance its international competitiveness. During the visit, Fang was briefed on the company’s production, technological innovations, and market expansion efforts. Trina Solar’s cumulative shipment of 210 modules continues to lead globally.
In the first quarter of 2025, the shipment volumes of the top 20 PV module companies have become a focal point following the release of annual and quarterly reports. The top 10 companies remained unchanged, but with slight adjustments in their rankings. The leaders—Jinko, Longi, JA Solar, and Trina—collectively surpassed 10 GW in module shipments for the quarter, maintaining a stable pattern established since 2018.
Additionally, a recent announcement revealed the termination of the component and inverter procurement project for a 1.5 GW PV desertification project in Xinjiang due to adjustments in project conditions.
On April 28, Canadian Solar announced its projected module shipments for 2025, estimating between 30-35 GW. Their 2024 annual report indicated a revenue of 46.165 billion yuan and a net profit of 2.247 billion yuan, attributed largely to their high-quality PV and rapidly growing energy storage businesses.
Various projects are also underway, with the groundbreaking ceremony for the “Smart PV Industrial Park” led by Skyworth Solar Technology taking place in Shenzhen. This project aims to integrate smart manufacturing with green energy solutions, emphasizing the importance of innovation in the sector.
Looking ahead, the upcoming Intersolar Europe event from May 7-9 in Munich will showcase cutting-edge technologies and innovations, reinforcing the industry’s commitment to performance and environmental sustainability.
In summary, as the PV module market evolves, companies are increasingly focusing on differentiation to strengthen their competitive edge amid a landscape where leading firms continue to dominate.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/differentiation-strategies-propel-photovoltaic-component-companies-amid-stronger-competition/
