China Continues Solar PV Domination
It not news that China – largely out of necessity—has set ambitious goals for solar installations in is nation. China’s commitment to reducing pollution is now part of the public record.
Chinese solar photovoltaic (PV) module suppliers, at the same time, grew combined market share slightly last year, from 48 percent in 2013 to 49 percent in 2014, according to a new report from IHS Inc. (NYSE: IHS).
“Chinese module makers continue to lead IHS rankings, because China is the largest global market, and it is closed to foreign suppliers,” said Jessica Jin, solar supply-chain analyst for IHS. “Chinese suppliers also performed well in Japan, the United States and other markets worldwide.”
The new PV Integrated Market Tracker from IHS reveals that seven of the top 10 module suppliers are based in China; two are based in Japan and one in the United States. The 2014 top-10 list of companies are the same as the previous year, but the order has changed. For example, with a 30 percent unit-shipment increase and 17 percent gross margin, Trina Solar became the top supplier in 2014; and due to Hanwha SolarOne’s merger with Q Cells, the company rose strongly in the rankings, from tenth place to fourth place.