The research and consulting firm's latest analysis shows that global crystalline module production grew from 33 GW in 2013 to 44 GW in 2014 at an annual growth rate of 33.3 percent, with Trina Solar producing an estimated 3,500 MW last year.
“Trina Solar was able to surpass Yingli’s module production by around 150 MW in 2014, despite the latter’s increase in production," said Sameer Joshi, GlobalData's director of research and analysis for power and alternative energy.
“JinkoSolar Holding (JinkoSolar) jumped up two positions from fifth in 2013 to third in 2014, as its market share increased from 5.2 percent to 7.3 percent. JinkoSolar replaced Sharp Corporation (Sharp), which fell from the third-ranking company to the sixth due to a decrease in sales,” Joshi added.
The top five manufacturers alone accounted for more than one-third of overall production, which is along the same lines as 2013 estimates, according to GlobalData. Among the top five companies in 2013, Yingli and Sharp were the only two to go down in the 2014 rankings.
“Canadian Solar Inc. retains fourth position, with a 5.6 percent share in 2014, while JA Solar Holding is the only company to have entered the group of top five manufacturers in terms of module production," Joshi said.
“GlobalData estimates that JA Solar’s production in 2014 increased by more than 53 percent over the previous year to 2,300 MW, equivalent to 5.2percent of the market,” he said.
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