Lux Research Reveals 2011 Top 10 Module Manufacturers
Japanese and Korean module suppliers rise in the ranks
BOSTON -- March 14, 2012
First Solar and Suntech led in module manufacturing in 2011 with both having
around 2 GW of module production, according to Lux Research’s latest Solar
Supply Tracker. Crystalline silicon module prices continue to be at a record
low with Tier 1 manufacturers selling around $0.9/W while Tier 2 and Tier 3
manufacturers sold at even lower rates to burn through their inventories and
survive the current market conditions.
The top 10 companies added up to 12.5 GW of module production, a significant
share at 44% of the 2011 total global module production. It is interesting to
note that Sharp, a Japanese module manufacturer, and Hanwha, a South Korean
module manufacturer, are also in the top 10. Heightened interest in both
countries to increase the share of photovoltaic generated power in their
energy infrastructure was triggered both by the Fukushima nuclear disaster and
competition with China, which continues to support its photovoltaic industry.
Another notable Japanese company, Solar Frontier, makes copper-indium-selenide
(CIS) modules and according to the Lux Research Solar Supply Tracker, has
consistently ranked in the global top 25 module manufacturers since Q2 2011.
According to Fatima Toor, the Lux Research Analyst who led the Solar Supply
Tracker, “Expect to see a major rise in market share from Japanese and Korean
suppliers, while European module manufacturers struggle with financial woes
and reduced government incentives for solar in Europe.”
Top 10 2011 Module % Global Module Module Production in 2011
Manufacturers Production (MW)
First Solar 7 2,001
Suntech Power 6.5 1,866
Yingli Green Energy 5.5 1,554
Trina Solar 4.9 1,395
Canadian Solar 4.8 1,363
Sharp 4.1 1,155
Hanwha Solar One 2.9 825
Jinko Solar 2.8 782
LDK Solar 2.7 774
SolarWorld 2.7 767
Available only from Lux Research, the Solar Supply Tracker provides a
customizable platform for tracking the capacity and production of five key
value chain segments in photovoltaics: polysilicon, ingot, wafer, cell and
module. The cell and module segments track crystalline silicon (x-Si),
thin-film silicon (TF-Si), copper indium gallium selenide (CIGS), cadmium
telluride (CdTe) and organic photovoltaic (OPV) companies, while the
polysilicon, ingot and wafer value chain segments are specific to x-Si. Lux
Research tracks over 400 companies globally across all value chain segments.
About Lux Research
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Lux Research, Inc.
Carole Jacques, 617‐502‐5314
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