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Module shipments in the Vietnam market: Jinko first, followed by JA and Longi

  • news2021-04-10
  • news

        A few days ago, the Ministry of Industry and Trade of Vietnam and the official website of Clean Energy Associate Vietnam Energy Online released a market report on component shipments in Vietnam in 2020.

 

total pv modules shipment

Image Source: Vietnam Energy Online

 

        According to data, JinkoSolar topped the Vietnamese market with a sales volume of more than 2.5GW, followed by JA Solar Technology, and Longi ranked third. All three of them have shipped more than 2GW of modules in the Vietnamese market in 2020. , We can see the strength of these three companies.

        In other respects, the fourth and fifth place Trina Solar and Canadian Solar have module shipments exceeding 1.5GW, while the next five companies, such as Risen Energy and Sharp, have module shipments of 1GW. the following.

        As far as the top ten companies are concerned, the polarization has become more obvious. It can be seen that the head agglomeration effect of the Vietnamese market is relatively obvious. If the lower-ranking companies cannot break the status quo, their market share is likely to be further compressed.

        According to statistics from the International Renewable Energy Agency (IRENA), Vietnam’s installed photovoltaic capacity exceeds 10GW in 2020, making it the world’s third-largest photovoltaic market, second only to China and the United States. Photovoltaic companies with early deployments in the local area have also received a lot of orders. JinkoSolar is undoubtedly one of the outstanding ones. Thanks to the global sales network and perfect sales system, JinkoSolar has many The market share of all major photovoltaic markets is firmly ranked first.

        Although LONGi’s module shipments surpassed JinkoSolar in 2020, its global sales network layout is not as good as the latter, and there is still more room for improvement.

Dongguan Slocable Photovoltaic Technology Co.,LTD.

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