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On the first day of the conference, PVBL’s annual ranking of the Top 20 Global Photovoltaic Inverter Brands was announced. Preferential policies promoted the inverter market growth in 2023. Most of the major inverter companies won a large amount of orders and expanded their capacity with high shipment volume.
Jinko topped the ranking, followed by Longi and Trina/JA Solar. With advantages of volume, costs, and overseas channels, vertically integrated companies put module makers in a unlevel playing field. The top 3 each shipped more than 24 GW in the first half, leaving others with a gap of at least 10 GW.
The total module shipments of the top 5 manufacturers nearly reached 300GW in 2023. The major players maintained their leading positions throughout the list. The top four were LONGi, Jinko, Trina and JA Solar, the same order as last year.
JA Solar, which focuses on the Chinese and European markets, had shipments more evenly distributed, posting a growth of 60% compared to the same period last year. Manufacturers ranked at fifth to tenth positions are Canadian Solar, Astronergy/Tongwei, Risen, DAS Solar and First Solar.
The major players maintained their leading positions throughout the list. The top four were LONGi, Jinko, Trina and JA Solar, the same order as last year. Chint (Astonergy), Tongwei, Canadian Solar, Risen Solar, DAS Solar, GCL SI and First Solar were among the top five to ten.
A total of 18 Chinese companies were selected in the top 20 list, with a total output of more than 440GW in 2023, gradually taking over the global PV module market with their unique advantages. LONGi, the king of the PV industry, will supply 66.44GW of modules in 2023, up 42% year on year.