Owing to the ample availability of solar energy, it is considered to be an ideal long-term source of clean energy that can be used as a viable alternative to currently nonrenewable energy sources such as gas, coal, and oil. Today, solar energy is being increasingly used in the industrial, commercial, and residential sectors. Solar panels are among the most commonly used systems for converting solar energy into electrical energy. Increasing investments in renewable energy and rising environmental concerns regarding greenhouse gas (GHG) emissions are driving the growth of solar panel companies, globally. Additionally, it has been noted that the growth of solar panel companies is driven by the recent increase in environmental pollution and provision of government incentives and tax rebates. Also, the decrease in water footprint associated with solar energy systems has fueled their demand from the power generation sector. Furthermore, the demand for solar panels has gained momentum owing to the surge in rooftop installations, followed by increasing applications in the architectural sector. The demand for parabolic troughs and solar power towers in electricity generation is also expected to expand the growth of solar panel companies in 2019.
SpendEdge’s latest procurement intelligence report on the global solar panel market offers actionable insights into the factors impacting the growth of solar panel companies in 2019, global market potential, and key supplier selection criteria.
Top Solar Panel Companies
Trina Solar is a Chinese company located in the province of Jiangsu, with several branches in Europe, the US, and Asia. Trina Solar is listed on the PPVX solar share index and on the NYSE. The company was founded in 1997. This is one of the solar panel companies that develops and produces wafers, ingots, solar modules, and solar cells. Trina Solar surpassed Yingli as the biggest solar panel maker in the world. It is headquartered in Changzhou in China.
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Jinko Solar is one of the well-known solar panel companies, globally. The company supplies its solar products and sells its services and solutions to a diversified international utility, residential and commercial customer base in China, Japan, the United States, Germany, Chile, the United Kingdom, South Africa, Mexico, India, Brazil, Italy, the United Arab Emirates, Spain, Belgium, France, and other regions and countries. It has over 12,000 employees in six global productions facilities and fifteen overseas subsidiaries.
Canadian Solar is one of the most popular solar panel companies. They are a leading provider of solar energy solutions and solar PV modules. With an employee count of over 12,000 employees, they have business subsidiaries in 20 countries on six continents. The company was listed on the top in Bloomberg’s New Energy Finance’s Tier 1 Module Manufacturers ranking in terms of bankability for Q2 2018. The company is making a name for itself by delivering safer, cleaner, and affordable solar energy to the world.
JA Solar was founded in 2005. The company was listed on the US NASDAQ Exchange in 2007. It has an impressive supply chain that includes photovoltaic products. They manufacture and sells products in over 100 countries and regions. Solar panel companies such as JA Solar offer products such as cells, silicon wafers, and modules to complete photovoltaic (PV) power systems. JA Solar is one of the solar panel companies that has received worldwide recognition from authoritative agencies, as a leading global manufacturer of high-performance PV products.
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