LONGi Solar, the world’s leading manufacturer of high-efficiency mono-crystalline solar cells and modules, has been named India’s market leader based on module shipments in 2020, as per a recent study by JMK Research.
In 2019, LONGi Solar was just starting to set up its footprint as a module supplier in India. In a short span of less than two years, it has emerged as one of the leading module suppliers in the country, catering to over 15% of the annual solar power market.
The X’ian, China-based vertically integrated solar player supplied over 1,500 MW (DC) of modules in 2020. In addition to its number one position in utility projects, LONGi has also gained a good market share in the rooftop solar market.
According to JMK’s recent research, LONGi emerged as India’s leading supplier of solar modules in 2020 contributing 15.6% share of total shipments. As per the available data, total module shipments in 2020 was around 9478 MW. LONGi was the largest supplier followed by Jinko and Adani with 12.7% and 10.2% market share, respectively.
“2020 will be a memorable year for LONGi’s business in India. We sincerely thank all our partners and customers who made this possible. In 2020, LONGi was also ranked number one in terms of global shipment. LONGi is the highest spender on R&D in the PV industry and we work tirelessly to provide our customers with the best technology for their projects.” Pradeep Kumar – Director India and Sri Lanka for LONGi’s Solar division.
According to data received from market players, 2020 was the first year where the shipment of high efficiency mono PERC modules in India overtook that of multi crystalline modules. Key factors contributing to this significant market shift from multi to mono are the narrowing price differences between the two, higher efficiency of mono modules and the complete shift to mono production by leading Chinese suppliers.
Link to download report –https://jmkresearch.com/renewable-sector-published-reports/annual-india-solar-report-card-2020/