Share Of PERC Modules In TaiyangNews TOP SOLAR MODULES Analysis Report

Key Takeaways

• PERC technology began with a strong market presence, holding 60% of the listed modules in January 2022, peaking at 64% in March and April, but gradually declined to 44% by the end of 2023

• Expanded Product Listings: Initially offered by companies like CSI, Risen, Suntech, and others, the number of companies providing PERC modules increased, reaching 24 by February 2024

• Despite the increase in the number of PERC products, the overall share declined due to the rising number of high-efficiency modules from other technologies being listed.

TaiyangNews TOP SOLAR MODULES Analysis H1-2024 sees the share of PERC products decreasing over the past 2.5 years. With a total of 12 products in January 2022, the technology accounted for 60% of the listed modules. It peaked at 64% in March and April that year, before falling to 48% in September and October with 15 products. Although there was a marginal increase in share from November to February, the share of products has been generally shrinking, down to 44% by the end of 2023.

The companies offering PERC modules commercially at the start of our TOP SOLAR MODULES coverage were CSI, Risen, Suntech, Talesun, Trina Solar, EGing, Astronergy, JA Solar, Jinergy, LONGi, Qcells, and Tongwei. In February 2022, Yingli was added to the list followed by Seraphim in March. The list remained unchanged till September when JinkoSolar began offering PERC modules above 21.5% efficiency. In November, Jinergy started offering such modules, while Akcome followed in December 2022, taking the count to 17 products and their share to 34%. The list essentially remained the same even during H1 2023, while the efficiency ratings of the products changed from time to time (see Trends In Solar Module Efficiencies).

In July, we included 6 companies—Qn-SOLAR, SolarSpace, URECO, CECEP, GCL-Si, and Runergy—offering commercial PERC module products with or above 21.5% efficiency. By September, PERC started losing share just due to the overall increase in the number of products getting listed. ZNSHINE joined in October, and the segment remained unchanged until the end of December and remained so until February 2024, with 24 products and a share of 44%. In March, one product from Kalyon was added to the list, taking the relative share from 43% back up to 44%, as at the beginning of the year.

The TaiyangNews TOP SOLAR MODULES H1/2024 Report summarizes the key findings from over 30 editions published during 2022 and H1/2024. Download the free report here.