IMS Research releases PV modules 2010 top ten rankings

IMS Research releases PV modules 2010 top ten rankings

Market news |
By eeNews Europe

First Solar, which held the top spot in 2009, fell to second place, increasing its shipments by less than 50% although the total market more than doubled.

IMS Research reports that some suppliers were able to benefit more than others: Chinese Tier-1 suppliers Canadian Solar and Hanwha SolarOne (formerly Solarfun) both gained two places in the rankings; in fact, all the suppliers in the top ten gaining rank were Chinese. Conversely, both the suppliers losing rank were Western, headquartered in the US. One Western supplier bucking this trend was REC, which moved quickly up the rankings to become the eleventh largest supplier of PV modules in 2010.

“2010 was an outstanding year for everyone in the PV industry. Module suppliers were able to benefit from the strong demand, which lasted all year, and make great increases in their shipments; five of the top ten suppliers more than doubled them, some even increased them by more than 150%,” said Sam Wilkinson, PV Market Analyst at IMS Research.

Another clear winner in 2010 was JA Solar, another large Chinese supplier, which increased its production by nearly 180%, becoming the largest producer of PV cells, having been only the fifth largest producer in 2009.

IMS Research predicts a slowdown in growth for the PV module market in 2012, as many major European markets cool following amendments to incentive schemes. Detailed analysis of supply and demand dynamics in this market is available from IMS Research’s quarterly PV cell and module report.

Visit IMS Research at

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