Top 10 Solar Module Manufacturers in the World in 2021 by Capacity

Jinko Solar Holding Co Ltd, First Solar Inc, Canadian Solar Inc, Trina Solar Co Ltd, and LONGi Green Energy Technology Co Ltd are the top 5 Solar Module Manufacturers in the world in 2021 by capacity. Comprehensively, the top 10 solar module manufacturers in the world had a capacity of 90,937MW, where Jinko Solar Holding Co Ltd was the highest (17,572 MW), followed by First Solar Inc (17,206MW), and Canadian Solar Inc (11,069MW), while Risen Energy Co Ltd was the lowest (3,826MW). In total, they generated revenue of $40,480 million with an average revenue growth increase of 38.8%. The highest revenue increase was posted by JA Solar Technology Co Ltd (71.0%), followed by Trina Solar Co Ltd (61.8%), and LONGi Green Energy Technology Co Ltd (58.6%), while the lowest revenue increase was posted by First Solar Inc (7.8%). In terms of the geographical split, 7 out of the world's top 10 solar module manufacturers are based in Asia, and the remaining are based in North America. They employed a total of 94,539 people in 2021. China-based Jinko Solar Holding Co Ltd is the leading solar module manufacturer in the world in 2021 by capacity. The company reported revenues of $6,330 million for the fiscal year ended December 31, 2021(FY2021) an increase of 24.3% over FY2021 driven by increased demand for solar products across the globe. The company manufactures and markets solar power products such as silicon ingots, silicon wafers, solar modules, solar PV cells, and monocrystalline, and multi-crystalline photovoltaic (PV) panels. Jinko Solar distributes solar products and sells its solutions and services to international utility. It employed a total of 31,030 people in FY2021. First Solar Inc (First Solar) is another leading solar module manufacturer in the world in 2021 by capacity. First Solar is a provider of solar photovoltaic (PV) systems, which designs, manufactures and sells solar PV modules with thin film semiconductor technology. Its polycrystalline films uses CdTe absorption layer which delivers competitive wattage using approximately 2% of the amount of semiconductor material used to manufacture a conventional crystalline silicon module. It also offers solar PV power systems, operations and maintenance services to system owners.