Yingli Green and Trina Solar took 15% of global market share in Q4 2013

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Yingli Green and Trina Solar extended their share of the global PV module market to 15% in the fourth quarter of 2013, according to the latest report from analysts NPD Solarbuzz.

This represents an increase of 3% from the second quarter of 2012, when Yingli and Trina held a market share of 12%. During 2013 the two Chinese companies shipped more than 5.8GW of PV modules. Calculated from trailing-twelve-month shipment volumes, this represented an increase of 62% in 18 months from the second quarter of 2012, when the two companies combined had shipped 2.4GW.

Both Yingli and Trina broke the 800MW barrier in the last quarter of 2013, with Yingli shipping over 900MW. According to Solarbuzz the two firms are on course to compete for the chance to be the first PV module supplier to ship over 1GW in a single quarter.

Solarbuzz analyst Ray Lian said: “Yingli and Trina embarked on an aggressive shipment strategy over the past eighteen months. With the global PV manufacturing segment focused on reducing costs and controlling expenses, there was a clear window of opportunity for market share gains. These two companies have capitalised on this opening with meticulous precision, and they are now poised to become the first multi-gigawatt module suppliers driving the next phase of strong end-market growth.”

The latest Solarbuzz Module Tracker Quarterly claims that in Q4 2013, 7.6GW of modules were shipped by the top 20 leading suppliers. According to Solarbuzz this is the first time the top 20 have broken the 7GW mark in a single quarter, with 11 of the top 20 setting new quarterly shipment records. The top 20 also saw shipment volumes grow month-on-month and year-on-year, with those 20 companies supplying 68% of the PV industry worldwide.

Average Selling Price (ASP) of the top 20 remained flat, at US$0.72 per Watt as module prices remained stable for three quarters, according to Solarbuzz. Since the final quarter of 2012, ASPs have fallen only 3%, which Solarbuzz points out is in contrast to the previous 12-month period, when ASPs fell by 35%. ASPs are between US$0.60 per Watt and US$0.70 per Watt for 11 of the top 20. High performance and premium brand suppliers are thought to be achieving higher ASPs.

During Q4 2013, Jinko Solar became the first major supplier to get blended costs below US$0.50 per Watt, with over half of the top 20 achieving blended costs below US$0.60 per Watt. Average gross margins of the top 20 module suppliers therefore increased to 15% in the fourth quarter of 2013, an increase of 10% over the six months between then and Q2 2013 and a significant jump from the 1% experienced in the third quarter of 2012.

Speaking recently at the World Economic Forum held in Davos, Switzerland, Jifan Gao, chairman of Trina Solar said that in his view consolidation of the PV industry would continue, with mergers and acquisitions likely to fuel the next stage of the industry’s development.

“I see a 20 to 25% annual increase in installations across the industry, and Trina will certainly beat the average. Our revenue and profits should also grow, in line with such market expansion,” Gao said.

Solarbuzz analyst and vice-president Finlay Colville recently previewed the year in PV with a Q&A blog for PV Tech.

19 August 2021
The utility-scale PV market is poised for exponential growth and yet the industry still has many fundamental opportunities to improve on standards and best practice. Tracker shade loss has been one of those topics that deserve more attention, but has been typically handled by derate factors rather than trying to accurately forecast the loss over the life of the system. Join Nextracker’s subject matter experts, Aron Dobos and Neelesh Umachandran, and Rounak Kharait, director of solar energy assessments at DNV, for a webinar about why shade modeling matters and recommendations on what the solar industry should do about it.
25 August 2021
The Intersolar Summit Brasil Nordeste takes place in Fortaleza, Brazil. It addresses leading local and international experts on solar power and renewable energy in the region. The Summit’s mission is to provide in-depth education, enable high-quality networking opportunities, expand the use of PV technologies at regional and national level and strengthen the local PV industry. The Intersolar Summit Brasil Nordeste is organized by Intersolar South America - Latin America’s largest exhibition and conference for the solar industry: Solar Promotion International GmbH, Pforzheim, Freiburg Management and Marketing International GmbH (FMMI) and Aranda Eventos & Congressos Ltda, São Paulo as co-organizer.
25 August 2021
Join us to hear directly from the CTOs and heads-of-research from the top-20 cell/wafer producers to the PV industry today. The event will focus on predicting the key metrics underpinning the next big shift to n-type with answers to the key questions: When will the transition to n-type happen? Which companies will be first to 10 GW capacity and production? Who will be the key equipment suppliers for the new production lines? Which n-type process flow/architecture will emerge as the front-runner? What will polysilicon purity and wafer thickness levels look like for optimized n-type manufacturing? What will the upstream poly/wafer supply-chain look like in 5 years from now?
26 August 2021
In this webinar, JA Solar will present its product portfolio based on the latest technologies to improve your PV projects, ensuring maximum reliability and performance. During the webinar we will receive insight from JA Solar about its solar technology roadmap and how the manufacturer is providing customers with innovative solutions to suit their needs, while we will also analyse how to determine the best product solution for each solar project.
6 September 2021
The 38th European Photovoltaic Solar Energy Conference and Exhibition will be held online from 6 - 10 September 2021, allowing PV experts from all around the globe to participate with just one click! The EU PVSEC is the world's leading forum for PV Research and Development and the biggest Conference on PV Solar Energy worldwide. That is why PV experts from all around the globe are keen on gathering together each year to be part of this specialist’s event, to present and discuss the latest developments in Photovoltaics, to network and to conduct business.
7 September 2021
Intersolar Mexico sits at the cross-section of photovoltaics, solar heating & cooling technologies, and energy storage. The event serves as the industry’s go-to source for invaluable technology trends and premier B2B contacts in the promising Mexican solar market. In its second edition from September 7–9, 2021 Intersolar Mexico together with the co-located The GREEN Expo® and Aquatech Mexico will move to a new venue – Centro Citibanamex.

Read Next

August 4, 2021
Danish investment firm Copenhagen Infrastructure Partners has signed an agreement with Amp Energy to enable the addition of 1.7GWp of renewables projects in India.
August 4, 2021
Walmart will buy renewable energy credits from 23 community solar projects across New York State through an agreement with developer Nexamp.
August 4, 2021
Israeli independent power producer Enlight Renewable Energy has secured a deal to acquire a portfolio of solar projects in Spain with a combined capacity of 490MWdc.
August 4, 2021
SunPower was boosted by rising homeowner demand for its PV and storage solutions during Q2 as the US solar installer added 13,000 new customers, bringing its total residential install base to more than 376,000.
August 4, 2021
The Australian Energy Market Operator (AEMO) has published a series of planning and forecasting publications under the 2021 Inputs, Assumptions and Scenarios (IASR) report that present five different visions of Australia's future
PV Tech Premium
August 4, 2021
Shipping costs have increased substantially since COVID-19, with knock-on impacts on the solar industry. PV Tech spoke to industry insiders about what its means for the solar industry and when pressures might ease

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021