The quadruple pie chart illustrates the share of global solar panel shipments by top manufacturers from 2021 to 2024. The data reveals that LONGi led the market in 2021 with 18.5% share, followed closely by JinkoSolar at 15.2%. Trina Solar and JA Solar also held significant market shares at 14.8% and 12.1%, respectively. Canadian Solar and other manufacturers accounted for 9.4% and 30.0% of the shipments, respectively. The trend continued in 2022, with LONGi maintaining its lead at 19.1%, followed by JinkoSolar, Trina Solar, and JA Solar. Canadian Solar and other manufacturers' shares decreased slightly. In 2023 and 2024, the market shares shifted gradually, with LONGi consistently leading the market.
Analyzing the data further, it is evident that LONGi maintained a strong position throughout the forecast period, indicating its sustained dominance in the solar panel market. JinkoSolar and Trina Solar also remained competitive, with relatively stable market shares over the years. JA Solar experienced slight fluctuations in its share, while Canadian Solar and other manufacturers saw a gradual decline. The overall trend suggests a relatively stable market landscape with minor shifts in market shares among the top manufacturers.
Looking ahead, the projections indicate that LONGi is likely to continue leading the global solar panel market in the coming years. JinkoSolar, Trina Solar, and JA Solar are expected to maintain their positions as key players in the industry. Canadian Solar and other manufacturers may face increasing competition, necessitating strategic initiatives to enhance their market presence. Understanding these market dynamics and trends is crucial for stakeholders to make informed decisions and capitalize on emerging opportunities in the solar panel industry.