On 10 June 2025, the PVBL 2025 Global Top 100 Solar Brands rankings and the PVBL 2025 Global Solar Brand Influence Report were unveiled at the 10th Century Photovoltaic Conference in Shanghai, China. During the conference, PVBL announced its annual ranking of the top 20 global photovoltaic module manufacturers.
In 2024, the global solar module market continued to see the strongest players thrive, with the top four enterprises — JinkoSolar, LONGi, Trina Solar and JA Solar — collectively shipping over 320GW and dominating the industry. JinkoSolar led the pack, capitalising on its early-mover advantage in TOPCon (Tunnel Oxide Passivated Contact) modules to ship over 90GW. LONGi trailed closely behind with 82.32GW, driven by its high-efficiency BC (Back Contact) technology and astute market strategies. Trina Solar and JA Solar both surpassed 70 GW in module shipments, maintaining their leadership through technological innovation and global expansion. Notably, Trina Solar invested 1.846 billion yuan in R&D, just surpassing LONGi’s investment of 1.815 billion yuan, in an effort to strengthen their technical capabilities.
Further down the rankings, the fifth to tenth positions saw diverging fortunes. Tongwei and CHINT (Astronergy) surged with shipments of 45.71GW and 40.20GW respectively, leveraging their vertically integrated supply chains. In contrast, Canadian Solar prioritised profitability over volume, achieving 31.10GW by focusing on high-margin markets. Meanwhile, firms such as GCL SI, DAS Solar and Yingli Energy occupied the 15–25GW bracket, each carving out a niche through a specialised approach. DMEGC (HengdianDongci) and others were close behind. First Solar remained the sole US entrant in the top tier, while Aiko debuted thanks to its mass-produced BC cell modules and Huasun ascended rapidly by commercialising HJT technology.
As the industry undergoes deep adjustment, obsolete capacity is being phased out quickly. Top players are reinforcing their positions through technology, scale and globalisation, while others are adopting differentiated strategies to target niche markets. The sector is evolving from volume-driven competition to value-based rivalry, with R&D intensity and technological differentiation emerging as key success factors.
The rankings assess not only market performance and financial metrics, but also innovation capability, social responsibility, and sustainable development, reflecting the industry’s future trajectory towards tech-driven green growth. Most of the data comes from the 2024 annual reports and public documents of listed companies, while non-listed firms provided their own figures. Renowned companies absent from the list did not submit the required data.
