Trina Solar featured in independent agency report: Cumulative shipments of 210mm modules top 120GW, capacity for large-format products accounts for over 90%

CHANGZHOU,China,April 13,2023 -- According to TrendForce,the independent new energy research agency,cumulative shipments of 210mm modules have exceeded 120GW,and the power of 210mm n-type modules has passed 700W. TrendForce estimates in its recent report that in 2023,large-format wafers,cells and modules will account for more than 90% of the total production capacity,and demand for large-format products will demonstrate a strong growth.

Production capacity will exceed 90%,with 210mm modules accounting for nearly 60% of total production capacity

In terms of wafers,TrendForce expects a faster increase in demand for large-format wafers in 2023,with its market share increasing rapidly from 83.45% in 2022 to 95.74%. In 2023,the production capacity for large-format wafers will hit 792.4GW, showing a stronger tendency toward larger formats,while 210mm wafer production capacity will hit 320.8GW,increasing by 74.6%,with a market share of 38.76%.

Figure: Capacity ratio for wafers of different sizes between 2022 and 2026 (Unit: %)

In terms of cells,the capacity for large-format cells will reach 822.3GW in 2023,accounting for 94.99% of total capacity. 210mm cell capacity will reach 587.75GW,an increase of 83.7% from 2022,with a market share of 67.9%.

Figure: Capacity ratio of large-format cells (Unit: %)

On the module front,TrendForce anticipates a significant increase in production capacity for large-format modules in 2023,reaching 767 GW with a market share of around 90%. Among them,210mm module capacity will reach 508GW,a 68.14% increase from 2022,with a market share of 59.62%,indicating continued strong growth.

Figure: Market share of modules (Unit: %)

Bidding trends: High power modules dominate,with large-format modules accounting for 89.21%

In terms of bidding trends,projects clearly favor large-format modules. According to TrendForce,high power modules are in demand among the nearly 129GW centralized procurement of PV modules announced by COEs and SOEs in 2022,with large-format modules dominating. Over 115GW of the bidding projects specifically require 182/210mm modules,accounting for 89.21%,indicating an increasing demand for large-format modules,which is a key component of the industry chain for reducing costs and increasing efficiency.

The shipments of the first-tier module manufacturers in 2022 all exceeded 40GW,and the cumulative shipments of 210mm modules exceeded 120GW

According to TrendForce,the top six module manufacturers' shipments in 2022 were around 205-211GW,accounting for 76-78% of the annual module demand of 270GW. Among them,LONGi,Trina Solar and JinkoSolar all shipped more than 40GW. In 2022,shipments of large-format modules grew at a faster rate,accounting for more than 80% of total shipments. As of the first quarter of 2023,the cumulative shipments of 210mm modules had exceeded 120GW. Shipments of large-format modules will continue to rise as market demand and production capacity expand.

Figure: Shipments of leading module manufacturers (Unit: GW)

Technology development: the combination of 210mm and n-type technology supports module power output to exceed 700W

The combination of large-format and n-type technology has become an inevitable trend. The power of 182mm n-type modules increases from 500W+ to 600W+,while the power of 210mm n-type modules exceeds 700W.

With the large-format products develop rapidly and advanced technologies such as n-type mature,210mm products have already become the mainstream in the PV industry and will continue to dominate the market.