Solar industry - revenue of major firms 2018

China is home to many of the largest solar companies in the world. Based on revenue, Canadian Solar was one of these companies (also with headquarters in Canada), generating 3.74 billion U.S. dollars in 2018. Canadian Solar has business subsidiaries in most continents of the world and is a manufacturer of solar photovoltaic modules and other solar energy products.

Solar company trends

Solar companies that are investing in technological innovations and encouraging sustainable infrastructure will provide the structure for market growth in the coming years. Incorporating other technologies like energy storage or information technology will also be essential in the future, along with a growth in distributed power systems. Some companies are focusing on integrating downstream and upstream players, while others are aiming to make owning solar panels more accessible for homeowners.

Privatization in the Chinese market

In recent years, there appears to be a trend for Chinese solar manufacturers to go private and leave the stock exchange. In 2017, JA Solar announced they would be delisting from the NASDAQ stock exchange, while Trina Solar completed the transaction that would allow them to become a private company.

Major solar companies in FY 2018, based on revenue

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

May 2019

Region

Worldwide

Survey time period

FY 2018

Supplementary notes

* Figures for 2017 were used. Figures for Trina Solar are for FY 2015.
The figures have been rounded. For the fiscal year ending December 31, unless otherwise noted.
Canadian Solar: Figures are taken from the company‘s annual report (page 4) – net revenues.
First Solar: Figures are taken from the company‘s annual report (page 48) – net sales.
GCL System Integration: Figures are taken from the company‘s reported revenue . The value has been converted from Chinese renminbi to U.S. dollars at a rate of 1 RMB = 0.14539 USD (correct as of December 31, 2018).
Hanwha Q Cells: Figures are taken from the company‘s annual report (page 7) – net revenue.
JA Solar: Figures are taken from the company‘s annual report (page 3).
Jinko Solar: Figures are taken from the company‘s annual report (page 5).
LONGi Solar: Figures are taken from the company‘s annual report (page 8). The value has been converted from Chinese renminbi to U.S. dollars at a rate of 1 RMB = 0.15355 USD (correct as of December 31, 2017).
Risen Energy: Figures are taken from the company‘s reported revenue .
Trina Solar: Figures are taken from the company‘s annual report (page 2) – net sales.
Yingli: Figures are taken from the company‘s annual report (page 4) – net revenues.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 / Month *
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Global solar photovoltaic industry"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.