2025H1 China PV Module Shipment Rankings: Market Insights and Outlook

Recently, InfoLink released its 2025H1 global PV module shipment rankings. According to the report, Jinko, LONGi, Trina, and JA Solar remain firmly at the top, while second-tier manufacturers such as Tongwei, Astronergy, Innotech, Canadian Solar, GCL SI, and Yingli round out the Top 10 list. The data clearly reflects the increasing market concentration and intensifying competition in the photovoltaic industry.

Key Observations

1. Industry Concentration Rising Further
   The combined market share of the Top 4 module suppliers continues to expand, signaling that industry leaders are consolidating their dominance through stronger technology, brand, and channel advantages. For downstream buyers, this trend implies that choosing Tier 1 suppliers could offer greater assurance in terms of product quality and delivery capacity.

 

1. Technology Transition: TOPCon Still Mainstream, BC Gains Traction
   In the first half of 2025, TOPCon technology remained the mainstream choice across utility-scale projects, given its maturity and cost competitiveness. At the same time, back-contact (BC) technology has started gaining traction in premium distributed applications, driven by its higher efficiency and aesthetics. Buyers should stay flexible by balancing both technologies in procurement strategies.

2. Price and Inventory Dynamics
   After significant price corrections in 2024, module prices in H1 2025 showed signs of stabilization. However, the pace of overseas inventory clearance remains uneven across regions. Developers and distributors should pay attention to localized demand patterns and policy shifts, especially in Europe, the U.S., and emerging markets.

3. Implications for Procurement
   Considering the current environment, a practical strategy would be rolling price lock-in combined with flexible product mix planning. This approach helps hedge against potential cost fluctuations while ensuring access to next-generation high-efficiency modules when they become commercially viable.

Outlook

Looking ahead to the second half of 2025, the PV industry is expected to maintain steady growth. Market leaders will continue to invest in large-scale manufacturing and next-gen technologies, while smaller players may face challenges in keeping pace. For global buyers and project developers, capturing opportunities in this fast-changing environment requires balancing cost, technology, and long-term reliability.