Jinko Solar And LONGi Lead 2025 Global Module Shipments As TOPCon Technology Dominates The Solar PV Market

InfoLink Consulting has released its 2025 global solar module shipment ranking, showing that the combined shipments of leading photovoltaic (PV) module manufacturers reached about 536 GW. The ranking is based on InfoLink’s internal database and manufacturer surveys, and it includes companies that shipped more than 100 MW during the year. Because shipment volumes among some companies were very close, InfoLink also updated its methodology for ranking firms with similar shipment figures.

Under the revised approach, companies shipping more than 30 GW are ranked jointly if the difference in their shipments is within 5 percent. For companies shipping less than 30 GW, joint rankings apply when the difference does not exceed 1 GW. Due to the narrow gaps in shipment volumes, the final list includes 12 companies in total.

The top tier of manufacturers recorded shipments in the range of 80–90 GW. Jinko Solar and LONGi shared the first position after including production from their U.S. manufacturing facilities, with only a marginal difference between their shipment volumes. The second tier saw shipments of around 60–70 GW, where Trina Solar and JA Solar tied for the next position. Because the shipment gaps between these companies were extremely small, the top four positions effectively formed two tie groups.

The shipment data for these companies also included output from their U.S. operations. Jinko Solar’s figures included shipments from Jinko Solar (U.S.) Industries, LONGi counted shipments from its subsidiary Illuminate USA, Trina Solar included output from T1 Energy Inc., and JA Solar’s numbers incorporated shipments from American Panel Solutions.

Together, these four companies accounted for about 58 percent of the total shipments among the ranked suppliers. Their leadership reflects strong technological innovation and global distribution networks. Jinko Solar has continued to invest in its TOPCon 3.0 technology roadmap, pushing module power output to higher levels. LONGi has expanded the market presence of its back contact (BC) products, strengthening its premium brand positioning. Trina Solar has maintained its influence in module format standardization with its 210 and 210R series products. JA Solar has also made progress in advancing both TOPCon 3.0 and BC technologies.

The third tier of manufacturers recorded shipments between 30 GW and 50 GW. Tongwei and Astronergy retained the fifth and sixth positions respectively. Compared with the top-tier companies that emphasize technological leadership and global expansion, these companies tend to adopt a more cautious business approach. Their module strategies focus on steady operations and controlled risk.

Many Tier-3 players have taken a conservative stance toward expanding manufacturing capacity outside China. While they continue to evaluate international opportunities and long-term strategic scenarios, most of their shipments still come from the domestic Chinese market. They also tend to follow mainstream technology trends rather than leading new technology transitions, which helps them reduce risks related to technology shifts and large capital investments.

The fourth tier includes companies with shipments between 20 GW and 30 GW. GCL ranked seventh, while DMEGC and Canadian Solar shared the eighth position. TCL Solar, Yingli, and DAS Solar were tied for the tenth position. Shipment volumes among these companies were very close, with differences of less than 5 GW within the tier. As a result, rankings in the coming years could change significantly depending on market conditions.

Among these companies, DMEGC has a strong presence in the European market, while Canadian Solar remains well established in North America. Many of the other companies still rely heavily on demand from the Chinese market. TCL Solar’s shipment data included modules sold under several brands, including HuanSheng, TCL Solar, TCL PV Tech, SunPower, and Maxeon.

In terms of technology trends, TOPCon modules dominated shipments in 2025. They accounted for nearly 95 percent of shipments among the ranked companies, while the share of PERC modules dropped to about 1–2 percent. Other emerging technologies such as thin-film, BC, and HJT were represented by companies like First Solar, Aiko, and Risen, which each shipped more than 10 GW but were not included in the top-ranking list.

Market dynamics also shifted during the year. China remained the largest market, accounting for about 55 percent of shipments from leading suppliers, while international markets represented 45 percent. Exports from China increased by about 13 percent year over year, reaching around 267.6 GW in 2025.

Looking ahead, the solar industry continues to face significant challenges. Many manufacturers have reported losses for the past two years, and the recovery in module prices has mainly been driven by rising raw material costs rather than stronger demand. In addition, China’s newly installed solar capacity is expected to decline significantly in 2026. Under these conditions, the industry is likely to enter a period of consolidation, where companies that balance scale with profitability and focus on product value rather than price competition will be better positioned for long-term success.