Global Solar PV Cell Production Grew 51% to 10.7 GW in 2009, Panel Production to 8.9 GW
List of the Top Ten 2009 Global PV Cell and Panel Manufacturers Revealed

(source: Greentech Media)
Cambridge, MA, June 3, 2010 - Global photovoltaic cell production last year grew by 51%, from 7.1 gigawatts (GW) in 2008 to 10.7 GW in 2009, according to a research note published by GTM Research. PV panel production also increased by 41% over 2008 to 8.9 GW. The bulk of these panels ended up being deployed in Germany in the third and fourth quarters of 2009, with the threat of upcoming subsidy cuts and steep declines in panel prices driving an unprecedented installation volume of 1.3 GW in the last quarter of the year.

The bumper result masks the reality of 2009 being the most challenging year for PV suppliers in recent memory. "On one hand, you had severe oversupply and drastic price drops causing large losses, major layoffs, and consolidation all across the value chain. On the other hand, it was yet another record-breaking year in manufacturing thanks to Germany's late surge: whereas in January, top manufacturers were reportedly running at factory utilizations of less than 20%, October through December saw the same companies' supplies being completely sold out. To call it a volatile year would be an understatement," said GTM Research Senior Analyst Shyam Mehta.

Fifty percent of the cells produced in 2009 came from China and Taiwan; this is a far cry from just five years ago, when European and Japanese firms combined to make up over three-fourths of the market. Crystalline silicon still dominates the PV technology landscape, with a cell and panel production share of 81% and 78%, respectively. At the same time, thin film market share in 2009 continued to increase, from 15% of panels produced in 2008 to 22% in 2009, and for the first time ever, a thin-film producer (cadmium telluride-based First Solar) claimed the title as the largest cell/panel manufacturer.

The list of the top ten global cell and panel manufacturers is as follows

Top Ten Global Cell Manufacturers
1. First Solar (U.S.)
2. Suntech Power (China)
3. Sharp (Japan)
4. Q-Cells (Germany)
5. Yingli Green Energy (China)
6. JA Solar (China)
7. Kyocera Japan)
8. Trina Solar (China)
9. SunPower (U.S.)
10. Gintech (Taiwan)

Top Ten Global Panel Manufacturers
1. First Solar (U.S.)
2. Suntech Power (China)
3. Sharp (Japan)
4. Yingli Green Energy (China)
5. Kyocera (Japan)
6. Trina Solar (China)
7. SunPower (U.S.)
8. Canadian Solar (China)
9. Solarfun (China)
10. SolarWorld (Germany)

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