4 FAQs about Photovoltaic panel industry profit margin ranking

Who are the top 20 global photovoltaic module manufacturers?

During the conference, PVBL announced its annual ranking of the top 20 global photovoltaic module manufacturers. In 2024, the global solar module market continued to see the strongest players thrive, with the top four enterprises — JinkoSolar, LONGi, Trina Solar and JA Solar — collectively shipping over 320GW and dominating the industry.

Why is the solar photovoltaic (PV) module market growing?

Since 2021, the solar photovoltaic (PV) modules market has experienced explosive growth, driven predominantly by the aggressive expansion of Chinese manufacturers, who maintain their dominance of global shipments.

What is the market share of solar panels?

As of total market share based on PV modules shipments, Jinko Solar leads with 13%, followed by Longi, Trina solar, and JA Solar, each with around 11%. The next tier includes TW solar (7%), Astronergy (6%), Canadian solar (5%), GCL and Risen Solar (4%), and DAS Solar (3%).

Which country produces the most solar panels in the world?

The Asian industry continues to dominate the global ranking of solar panel manufacturers. Chinese companies hold eight of the top ten spots, including the entire podium. Who are the top 10 photovoltaic module producers in the world?

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