Top 10 Global Solar PV Module Manufacturers by Shipment Volume (2025 Ranking)
The solar energy industry keeps growing every year. In 2025, solar power is one of the most important sources of clean energy in the world. At the center of this growth are solar PV module manufacturers. These companies make the solar panels used in homes, factories, and large solar power plants.
Not all solar panel companies are equal. Some produce small volumes, while others ship massive amounts of panels to many countries. In the solar industry, shipment volume is the most trusted way to measure real market leadership.
This guide is written for buyers, installers, EPC companies, and business owners who want a clear and honest view of which solar manufacturers truly lead the global market today.
How This Ranking Was Determined
There are many ways people try to rank solar companies, but not all methods are reliable. This article follows the same approach used by top industry analysts.
The ranking is based mainly on global PV module shipment volume. This means how many solar panels a company actually shipped to the market, not how many it planned to produce or claimed to sell.
Shipment volume matters because it shows:
- Real market demand
- Strong production capacity
- Ability to deliver large orders on time
- Trust from global buyers
Along with shipment volume, Wood Mackenzie’s ranking also looks at other important factors, including:
- Factory capacity use
- Solar technology maturity
- Product quality and certification
- Supply chain strength
- Vertical integration from wafers to modules
- Global manufacturing footprint
- Financial and ESG performance
Only crystalline silicon solar module manufacturers are included in this ranking. Thin-film producers are not part of the list.
When companies have very close scores, they may share the same rank. This shows how competitive the solar manufacturing industry has become.
Top 10 Global Solar PV Module Manufacturers (2025)
The following companies are ranked based on 2024 global shipment data. They represent the highest level of scale, technology, and global reach in the solar industry.
1. JinkoSolar
JinkoSolar is the world’s largest solar PV module shipper. In 2024, it shipped more solar panels than any other manufacturer.
JinkoSolar is known for its huge production scale and strong focus on new technology. The company operates large factories in China and other countries, which helps it serve customers around the world.
A key strength of JinkoSolar is its leadership in N-type solar panels, especially TOPCon technology. In 2024, more than 87% of its shipments were N-type modules. These panels offer higher efficiency, better performance in heat, and longer life.
JinkoSolar panels are widely used in large solar power plants, commercial rooftops, and utility projects. Because of its size and experience, many buyers see JinkoSolar as a safe and stable long-term partner.
2. JA Solar
JA Solar ranks second globally and remains one of the strongest names in solar manufacturing.
JA Solar ships a very large volume of solar panels each year and keeps its factories running at high capacity. This helps the company control costs and offer competitive prices.
The company focuses heavily on N-type TOPCon technology, which delivers strong power output and stable performance over time. JA Solar panels are used in homes, factories, and large solar farms across many regions.
JA Solar is trusted by global buyers because it balances scale, quality, and price. Its strong shipment volume shows real demand and reliable supply ability.
3. LONGi Green Energy
LONGi Green Energy is one of the most respected solar brands in the world.
LONGi started as a wafer producer and built deep experience in solar materials before moving fully into module manufacturing. This background helps the company maintain very high quality standards.
LONGi is best known for high-efficiency monocrystalline solar panels. It is also a leader in back contact technology, which places all electrical lines on the back of the panel. This allows more sunlight to reach the cells and improves efficiency.
LONGi panels are widely used in projects that need high performance and long life. Its strong shipment volume and advanced technology place it firmly among the top global manufacturers.
4. Canadian Solar
Canadian Solar is a global solar company with major manufacturing operations in China and other countries.
Canadian Solar ships large volumes of solar modules every year and has a strong presence in utility-scale solar projects. The company also works closely with project developers and investors.
Its panels are known for solid quality, international certifications, and good long-term performance. Canadian Solar’s global manufacturing footprint helps it serve many markets and manage trade risks.
Because of its strong shipment numbers and global reach, Canadian Solar holds a top position in the 2025 ranking.
5. Trina Solar
Trina Solar shares the fourth position and remains one of the largest solar module suppliers in the world.
Trina Solar focuses heavily on utility-scale and large commercial projects. It produces a wide range of high-power solar panels designed for large installations.
The company invests strongly in research and new cell technologies. Its large shipment volume shows strong market trust and long-term demand.
Trina Solar’s ability to produce at scale while keeping up with new technology helps it stay competitive in a challenging market.
6. DMEGC Solar
DMEGC Solar is one of the largest solar panel makers that many people outside the industry do not fully notice, but its shipment numbers are very strong.
The company operates large factories that run at high use rates. This means its production lines are active most of the time, which helps control costs and keep prices competitive.
DMEGC Solar focuses on stable, large-scale output rather than marketing hype. Its panels are widely used in utility-scale projects and commercial systems. The company’s ability to ship large volumes consistently is the main reason it ranks high in global shipment rankings.
7. Astronergy (CHINT Group)
Astronergy is part of the larger CHINT Group and has grown quickly as a global solar module supplier.
The company focuses mainly on large solar power plants and commercial projects. Its ASTRO series panels use modern N-type TOPCon technology, which offers good efficiency and long-term stability.
Strong group backing allows Astronergy to invest in factory upgrades, research, and overseas expansion. Its steady rise in shipment volume shows growing trust from global buyers and EPC companies.
8. Boviet Solar
Boviet Solar has become an important name in the global solar market due to its smart manufacturing strategy.
The company expanded production in Vietnam, which helps it avoid some trade barriers and serve overseas markets more easily. This geographic flexibility is becoming very important in today’s solar industry.
Boviet Solar’s shipment growth reflects rising demand for suppliers that can deliver reliably while meeting trade and local content rules. Its growing presence earned it a strong position in the top 10 ranking.
9. Risen Energy
Risen Energy is a fast-growing solar module manufacturer with increasing global shipments.
The company invests heavily in N-type solar technology and continues to improve panel power and efficiency. Its products are used in many utility and commercial solar projects.
Risen Energy’s ranking shows how newer players with strong technology focus and competitive pricing can gain market share quickly when they scale production effectively.
10. Qcells
Qcells is known for high-quality solar panels and a strong brand image, especially in markets like the United States and Europe.
The company operates manufacturing facilities in several countries and focuses on strict quality control and performance standards. Its panels are often used in projects that require strong reliability and long warranties.
Qcells’ solid shipment volume and global manufacturing presence help it stay competitive despite intense pricing pressure in the market.
11. Adani Solar
Adani Solar represents the growing role of India in global solar manufacturing.
The company focuses mainly on large-scale production for the domestic Indian market, but its shipment volumes are large enough to place it among the global top players.
Adani Solar benefits from strong local demand, government support, and expanding production capacity. As India continues to invest in solar energy, manufacturers like Adani Solar are expected to play a larger global role.
12. TCL Solar
TCL Solar is backed by the TCL Group and is expanding quickly in the solar industry.
The company invests in vertical integration, moving deeper into upstream and downstream parts of the supply chain. This helps reduce costs and improve control over quality.
Its shipment growth shows that large electronics groups entering solar manufacturing can compete when they apply scale, capital, and supply chain experience.
13. Tongwei
Tongwei is well known for its strength in upstream solar production, especially solar cells, and has expanded strongly into module manufacturing.
The company’s vertical integration helps it manage quality and cost more efficiently than companies that rely heavily on outside suppliers.
Tongwei’s growing shipment volume shows how strong control over the supply chain can support fast growth, even in a highly competitive market.
Key Industry Trends from the 2025 Ranking
Survival Through Scale
One of the clearest trends in the solar industry is that size matters. In 2024, prices fell sharply and profits were under pressure. Many companies struggled financially.
The top manufacturers survived by shipping more panels at lower margins. High shipment volume allowed them to keep factories running and protect market share.
Geographic Diversification
More companies are building factories outside China. Manufacturing in places like Vietnam, India, and Southeast Asia helps companies deal with tariffs, trade rules, and local content requirements.
This trend is likely to continue as global solar demand grows.
Vertical Integration
Leading manufacturers are moving upstream into wafers and cells. This gives them more control over cost, quality, and supply stability.
Companies with strong vertical integration are better prepared for price swings and supply disruptions.
Solar Technologies Used by Top Manufacturers
N-Type Solar Panels
In 2025, most panels shipped by top manufacturers are N-type. These panels perform better over time and lose less power compared to older designs.
TOPCon Technology
TOPCon is the most widely used advanced solar technology today. It offers high efficiency, good reliability, and works well in hot climates.
Back Contact and HJT Panels
Some manufacturers are also expanding back contact and HJT technologies. These panels offer even higher efficiency, but they are usually more expensive and used in special projects.
What This Ranking Means for Buyers
For buyers, shipment-based rankings provide real value.
Companies that ship large volumes:
- Are more likely to deliver on time
- Have stable supply chains
- Are trusted by large global customers
- Can support long-term warranties
Buyers should always look beyond marketing claims and focus on shipment data, certifications, and proven delivery history.
Conclusion
The global solar industry is becoming more competitive every year. In 2025, true leadership is defined by shipment volume, scale, and technology, not by advertising or brand claims alone.
The top solar PV module manufacturers listed here have proven their strength by delivering real products to the global market under difficult conditions.
As solar prices stay low and demand keeps rising, manufacturers that combine scale, advanced technology, and global flexibility will continue to shape the future of clean energy.
