Discover which companies are producing the highest number of solar panels around the world. China produces 86% of the world’s solar panels each year, according to Germany’s Fraunhofer Institute for Solar Energy Systems. In comparison, Europe and North America each produce around 2%.
In comparison, Europe and North America each produce around 2%. It therefore makes sense that six of the world's seven largest solar manufacturers are also based in China. Tongwei Solar (TW-Solar) is the largest solar panel manufacturer in the world.
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.
Tongwei Solar (TW-Solar) is the largest solar panel manufacturer in the world. TW-Solar shipped a whopping 38.1GW of solar modules in 2022, doubling Trina Solar's shipments and achieving an annual revenue of USD $20.57 billion (£16.2 billion). In August 2023, Tongwei Group made history as the first solar PV company on the Fortune Global 500 list.
In terms of solar module by capacity, the 2011 global top ten are Suntech, LDK, Canadian Solar, Trina, Yingli, Hanwha Solar One, Solar World, Jinko Solar, Sunneeg and Sunpower, represented by makers in People's Republic of China and Germany.
The third largest solar panel manufacturer is Shanghai AIKO Energy Co. Ltd., which exported 30.7GWp of solar modules in 2022. AIKO’s sleek black N-type ABC (All Back Contact) monocrystalline glass modules have been consistently ranked as the world's most efficient panels (at 24% efficiency) since their launch in March 2023.
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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 …
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