The >22.5% efficiency band grew from a 15% share in January 2023 to 28% by December 2024, with product count rising from 5 to 15
Most of its growth occurred in 2024, particularly in H2, with 4 new products added, increasing the share from 19% to 28%
In 2023, the band saw minor fluctuations, ending with 9 products and a 16% share
The TaiyangNews Top Solar Modules Analysis Report 2024 analyzed module efficiency by categorizing them into 4 distinct bands: >22.5%, 22%–22.5%, 21.7%–22%, and 21.5%–21.7%. This approach simplifies analysis across different efficiency ranges. Continuing with the same chronology, the highest efficiency band of >22.5% comes first. As mentioned above, this band nearly doubled its share from 15% to 28% and tripled its product count from 5 to 15. Most of this growth came in 2024, more so in the latter part of the year. H1 2024 saw the band’s share increase by only 1% from 18% to 19%, and the product count by just 1 to 11. During the second half, it saw 2 product additions in July, taking the total to 13 and the share to 23%. Additions of 1 again in each of September and October increased its share to 25% and 28%, respectively, for a final tally of 25 products. This growth was also partly fueled by the reduction of PERC products at the other end of the efficiency spectrum.
In contrast, the share of this efficiency band changed several times in 2023, but not significantly in number. Starting at 15% and 5 products, the share went up slightly to 16% in March with the addition of 1 product and remained so till June. Over the next 2 months, it dropped to 12%, as the total product count of the TOP SOLAR MODULES rose steeply from 38 to 49. It achieved its previous level of 16% again in September, with 2 products added to its basket.
The TaiyangNews TOP SOLAR MODULES 2024 Report summarizes the key findings from over 24 editions published during 2023 and 2024. Download the free report here.
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