In its latest solar industry report, IMS Research found that Suntech, Yingli and Trina Solar topped the photovoltaic module shipment rankings in Q2 2011. Collectively, said the research company, their shipments grew by nearly 20 percent.
Suntech remained the module shipment leader for the fifth consecutive quarter, while Yingli ranked second, having increased its shipments by 36 percent. Trina, meanwhile, took the third position.
First Solar and Sharp, meanwhile, which ranked second and third place respectively in 2010, dropped to fourth and sixth place in Q2.
While many manufacturers have seen plummeting revenues and high inventories due to increased price pressure and solar incentive uncertainty, there are some suppliers which have been able to "capitalize on their strong brands and competitive pricing to increase their market share," said IMS.
In a statement released, it added, "Although the industry experienced a very difficult quarter in Q211, eight of the ten largest module suppliers in fact increased their shipments over Q1, and the ten largest suppliers accounted for over half of the global market."
Looking ahead, IMS believes the market will recover in the second half of 2011. Predictions are that a total of 22 gigawatts of photovoltaic modules will be shipped throughout the full year.
However," continued the statement, "oversupply is likely to continue affecting the industry with annual PV module capacity predicted to reach over twice this amount by the end of the year, making 2011 a record year for capacity additions."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.