IHS concludes that Trina Solar will be the largest module supplier in 2014

Photon News reports that Chinese solar manufacturers Trina Solar, Yingli Green Energy and Canadian Solar will be the three largest module suppliers in 2014, according to revised rankings from market research firm IHS and its subsidiary Solarbuzz.

Trina will overtake last year’s leader Yingli to become the largest module provider this year based on shipment volume. According to IHS, Trina’s increased shipments in the fourth quarter and in full year 2014 coupled with Yingli’s new strategy that prioritizes profitability over shipments led to the change in the rankings.

Canadian Solar will again take third place, as it did in 2013, while Jinko Solar is expected to move up one spot from last year to fourth place.

JA Solar, meanwhile, will climb four spots to fifth place, while Sharp Solar is expected to drop two spots to sixth. Rounding out the top 10 is ReneSola, First Solar, Hanwha SolarOne and SunPower and Kyocera tied for tenth place.

According to IHS, several of the top 10 suppliers shipped a large amount of PV modules for internal projects in 2014, especially Trina Solar, Yingli, Jinko Solar and JA Solar.

It a statement concerning its third quarter results, Trina said it expects its total PV module shipments for 2014 to be between 3.61 and 3.66 GW, of which 340 to 360 MW will be shipped to the company’s own downstream projects.

Reference:
Story Source — Trina will be the largest module supplier in 2014, IHS written by Photon News — December 04th, 2014