The solar power industry has a great potential to provide free power support to homes or industries, but when we are choosing solar panels, we need to know about the best solar panels available in the market so that we can make a better choice for the right solar panel. In this article, we will take you through the list of top 10 solar panel manufacturers.
TW Solar is a brand of China TW Group Co., Ltd. which was established on August 30, 2010, and now has two main production bases. TW Solar focuses on R&D and manufacturing of solar panels and has formed a production capacity of 39GM high-efficiency solar panels, which is twice as much as Trina Solar’s, and its annual revenue can reach 20.6 billion dollars. With 50,000 employees worldwide, TW Solar is the world’s largest solar panel manufacturer. It plans to double its 80GWP in 2025.
Founded in October 2000, JA Solar is now the world’s second largest solar panel manufacturer. In 2023, JA Solar’s solar panel shipments reached 37GM, JA Solar employs 33,00 people, and it operates in 10 countries, with a 70% share of exports to the UK and a 25% share in Europe. In 2023, JA Solar’s annual revenue will be $20 billion. JA Solar’s manufacturing products include solar panels, solar cells and inverters.
LONGi was founded in 2000, in May 2024, LONGi monocrystalline silicon solar panels set a new global conversion efficiency. LONGi mainly focuses on the research and development of monocrystalline silicon solar panel technology, and its solares panel shipments amounted to 30GMP, with an annual revenue of $19.3 billion. However, LONGi’s solar panels are not sold globally, and currently only sells modules for solar systems in more than 30 countries. LONGi is still a relatively large company, with more than 60,000 employees now. LONGi has joined the Green Energy Join RE100, EP100 and EV100 initiatives to set scientific carbon targets, continue to promote green and sustainable development, and contribute to the global energy revolution.
Founded in December 2006, JinkoSolar has become one of the better solar manufacturers in the world in just over a decade of development. With a shipment volume of 28GWP in 2023 and 15 factories worldwide, JinkoSolar focuses on providing a selection of solar energy system components for both residential and commercial use. In 2023, JinkoSolar’s annual revenue is $13 billion. In addition to JinkoSolar’s provision of manufacturing of solar system components, the company also provides installation services through free of charge to consumers.
Canadian Solar was founded in July 2009. The Canadian Solar power group now has about 20,000 employees in more than 30 countries, with large manufacturing facilities in Canada, China, and Vietnam. Canadian Solar’s products for solar energy systems are solar panels, solar cells, and inverters in order to fulfill the needs of homes, businesses, and utilities. In the year 20231, the company has exported 17GWP0 of solar panels and the annual revenue has also reached $8 billion. In addition to this, Canadian Solar offers free consultation services for consumers to invest in solar systems.
Trina Solar is also a Chinese solar panel manufacturer that was founded in 1997 and specializes in the research and development of solar energy application technology and has successfully passed the ISO9002 certification. In 2023, Trina Solar will ship 15GWP of solar panels, and the company has a strong presence in more than 160 countries around the world. Trina Solar had 24,000 employees in 2023. In addition to generating the basic components of a solar system, Trina Solar is also developing solar trackers in order to bring down the price of solar power. For large solar systems, Trina Solar offers a range of services through solar system management, construction, and maintenance.
Aiko Solar was founded in June 2009, it is also a solar panel manufacturer in China. Aikosolar focuses on improving the photovoltaic conversion efficiency of solar panels, developing energy storage systems and applying solar hybrid energy systems. Aiko has achieved the highest photovoltaic conversion efficiency of commercial solar panels in the world. Aiko Solar’s innovative fully back-contacting solar panel modules have a conversion efficiency of 24%. With a shipment volume of 30GWP in 20231, Aiko employs 15,000 people worldwide. More than 1,000 patents. And in 2023, Aiko Solar’s cumulative shipments reached 120GWP, with annual revenues of $20 billion.
SunPower was founded in 1985 and now has 12,000 employees. The manufacturer develops and designs high-efficiency solar panels, solar cells, and other components, and SunPower has products for every component of a solar system. Whether it’s a home or small commercial or large-scale photovoltaic power plant, SunPower offers a global network of services. And SunPower in the production of solar panels using a number of high-end technologies, such as PERC architecture, heterojunction solar panels, etc., although these technologies are not SunPower R & D, but for the use of these technologies, SunPower’s solar panels are still more popular. And in 2023, SunPower’s shipments will be 100GW, with an annual revenue of $16 billion.
Founded in 1996, REC Group is one of the earlier solar manufacturers and is known for its high quality and innovative approach to solar panels. A wide range of REC Group’s solar panels have received Environmental Product Declarations (EPDs) for their compliance with today’s low carbon footprint and environmentally friendly manufacturing processes, contributing to the development of the solar power industry. 12,000 employees work globally on REC Group’s solar panels, which have a shipment volume of around 15 GWP, and REC Group’s annual revenues amount to $9 billion. The REC Group also has an annual revenue of $9 billion. REC Group also has a diversified product portfolio that includes solares energy storage systems, inverters, and more.
Founded in 1986, Risen Energy New Energy is arguably one of the oldest companies still in operation. But Risen Energy hasn’t fallen by the wayside like other venerable solar manufacturers. Risen Energy focuses heavily on solar panel technology. The company mainly produces solar cells, wafers and other solar modules. As a developer of EPC projects in the solar industry, Risen Energy solar panels now produce bifacial solar panels that are still very popular. In 2023, Risen Energy New Energy will have an annual capacity of 20GW, as Risen Energy has been in business for a long time, with a presence in more than 140 countries and 15,000 employees.
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