Monday, July 22, 2024

TrendForce says 210 mm module shipments surpassed 260 GW in Q1 – pv journal International

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Market intelligence platform TrendForce says the 210 mm n-type know-how is “set to steer a brand new industrial revolution.” It expects 210mm modules to account for 78.29% of the massive format module market this yr, growing to 82.51% by 2027.

The cumulative cargo of 210 mm PV modules exceeded 260 GW within the first quarter of this yr, in keeping with Taiwan-based TrendForce.

Analysts say seven of the highest 10 module makers now produce 210 mm n-type modules, with Trina Solar, Risen Energy, Tongwei and Huasun all at the moment producing panels. mass of greater than 700 W.

“It is obvious that the 210 mm n-type modules have emerged as the principle selection available in the market,” mentioned TrendForce.

The analysis firm initiatives a 51.8% year-on-year enhance in 210 mm module manufacturing capability to about 1,105 GW in 2024. That will account for 78.29% of the massive format panel market this yr. and 82.51% in 2027.

Analysts say manufacturing of large-format wafers may also proceed to speed up, with capability projected to succeed in 1,174 GW this yr. Large-format wafers now account for almost 99% of all wafer manufacturing. In 2023, 210 mm and 210R wafers accounted for greater than 38% of the entire market, which is 46% yearly.

“A number one pattern within the business chain is the concentrated give attention to the event of n-type, giant format and skinny wafers… 210 mm (together with 210R) is rising as the following mainstream normal, heralding a brand new part in wafer growth,” mentioned TrendForce.

The manufacturing of large-format cells, in the meantime, is anticipated to succeed in 1,549 GW this yr. TrendForce says 210 mm cells will account for 1,296 GW of all giant format cells, for a market share of 82.66%. Its market share is ready to extend to round 92% by 2027.

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In addition, TrendForce mentioned that the manufacturing capability of all n-type cells will attain 1,078 GW by the top of this yr, for nearly 69% of the entire cell market. Tunnel oxide passivated contact (TOPCon) cells account for 909 GW of n-type cell manufacturing, or 58% of the entire n-type cell share.

“Continuous technological innovation and product upgrades are driving the expansion of the PV business,” TrendForce mentioned. “The 210 mm n-type know-how is ready to steer a brand new industrial revolution, selling high-quality growth within the new vitality sector.”

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