The leading solar PV module manufacturers, based on market share
A solar photovoltaic module typically consists of a set of solar cells. When exposed to light, these small electrical devices absorb the light and convert photons into electricity. Semiconductor materials such as silicon are the fundamental building blocks of a solar cell. Monocrystalline silicon and thin-film silicon technologies are the materials that are predominantly employed in solar cell manufacturing. In light of dwindling solar cell prices, many once successful manufacturers, such as Germany’s Q-Cells - which is now a subsidiary of the Hanwha Group -, have been squeezed out of the market. On the upside, this trend has helped making solar photovoltaic power become more affordable. Solar electricity is expected to be less consistently costly than power generated fossil fuels in the near future.
The global solar power market is expected to reach 158.4 billion U.S. dollars, with China being the largest market for solar cells and modules. China was home to seven of the world’s ten leading solar module manufacturers in 2015. The Chinese manufacturers Yingli and Trina Solar are considered two of the world’s leading manufacturers in the field of solar photovoltaic modules.