Solar Panels Market

Headquarters: California, US Founded: 1985 Workforce: Approximately 7,306 Company Working: SunPower Corporation is engaged in the business of crystalline silicon solar photovoltaic cells and solar panels. SunPower Corporation is also involved in research and development, and supply of solar power solutions, globally. The company operates in three main segments, namely residential, commercial, and power plants. For over three decades, SunPower Corporation solar panels generated around 18,000,000-megawatt hour (MWh) of solar power, globally and holds more than 750 patents for solar technology. SunPower Corporation offers commercial rooftop and ground-mounted solar power systems, residential mounting systems, and power plant systems, as well as utility-scale photovoltaic power plants. In addition to that, the company offers operations and maintenance services and outage restoration services. The company has prevalence in countries such as the US, Japan, and the UK and in Philippines. In 2011, SunPower Corporation became a subsidiary of global oil and gas giant, Total Energies Nouvelles Activités, USA, which bought the majority stake in the company to become a major player in the solar power industry. Also, SunPower has subsidiaries such as SunPower Malaysia Manufacturing Sdn. Bhd, SunPower Philippines Manufacturing Limited, and SunPower Technology Ltd. It competes with companies such as Trina Solar, Canadian Solar Inc., JA Solar Holdings, Yingli Solar, and Abengoa Solar.

Headquarters: Netherlands Founded: 1943 Workforce: ~149,000 Company Working: IKEA Systems B.V. is the global retail company that offers a wide range of well designed, effective home furnishing products at feasible prices. The company has total 355 stores in 29 IKEA group countries, out of which 33 stores are present in Asia including pickup and order points, store distribution site and shopping centers. The company has approximately 9,500 products across the IKEA range, and adds approximately 2,500 products, every year. The company is working on reducing wastes and ensuring efficient use of natural resources in any operation. For enhancing sustainability, the company is investing in wind farms and solar panels to generate energy. The company is investing in the installation of solar modules in building and in wind farms. Moreover, IKEA launched home solar for generating and using renewable energy at home within effective prices and budget. In the year 2017, the company’s home solar solution was introduced in Belgium and Poland, which involved turning rooftop into power stations.

Headquarters: Stuttgart, Germany Founded: 2013 Company Working: Grün leben GmbH has operational presence in Africa. It operates in solar energy segments such as solar photovoltaic (PV), and concentrated solar power (CSP). It offers solar panels under monocrystalline and polycrystaliine structure and develops solar thermal energy projects, internationally. Grün leben GmbH claims that it can provide the facility of a 500KW distributed generation solar energy system to a 150MW utility-scale solar project. It believes in simplifying the entire value chain by consolidating all of the services as per the consumer need. The company provides full-service solutions from the conceptualization of the project, through design, permissions, construction, to the stage of operation. Additionally, it manage the physical assets over the life of the project.

Headquarters: Seoul, South Korea Founded: 1999 Workforce: Approximately 8,000 Company Working: Hanwha Q CELLS offers solar panels for segments such as residential, commercial & industrial, and power plants. Its solar panels combine the best features of all known cell technologies to achieve high performance levels at low cost of electricity (LCOE). Such use of advanced technology ensures Q CELLS solar modules achieve maximum luminous efficiency under real, day to day conditions, even under cloudy skies. Hanwha Q CELLS has presence in 14 countries in 5 continents. Its headquarters for Technology & Innovation are located in the Solar Valley in Thalheim, Germany, where the "Engineered in Germany" product portfolio is developed. Excellent scientists and engineers make continuous improvements to their existing technologies in the in-house research center, developing new innovative product generations. Products are manufactured in international facilities at China, Malaysia, and South Korea. Hanwha Q CELLS has a solar module manufacturing capacity of 8.0 GW, which makes the company one of the biggest solar module manufacturers in the world.

Headquarters: Shangrao, China Founded: 2006 Workforce: More than 12,500 Company Working: Jinko Solar operates from 18 countries in 5 continents, 6 production plants in 4 countries and 21 warehouses in 9 countries, with 33 sales offices catering to the requirements of customers in more than 80 countries. It had a vertically integrated solar product value chain, with an integrated annual capacity of 8.0 GW for silicon ingots and wafers, 5.0GW for solar cells, and 8.0 GW for solar modules, as of March 31, 2017. It had about 15,000 full-time workers, worldwide, with more than 19 GW cumulative shipments of solar panels until 2017 and was ranked one of the top companies for global shipment of solar modules in 2016 (6.65 GW). It is the first Chinese PV manufacturer whose modules have passed the intensive UV test in terms of IEC61345 from TUV Rheinland, which is the major international standard of the industry. Jinko Solar offers a wide range of products such as solar cells, solar module, and mounting system. Its solar panels are mainly of monocrystalline and polycrystalline structure. These solar panels are as per global specifications and conventional standards with linear performance warranty.

Headquarters: Changzhou, China Founded: 1997 Workforce: ~13,556 Company Working: Trina Solar majorly operates in China with the State Key Laboratory of PV Science and Technology, a state-of-art facility designed to foster technological innovations. The laboratory covers 15,000 square meters and is located within the Changzhou Trina PV Industrial Park. It is a national platform for driving PV technological developments in China. It received accreditation from China’s Ministry of Science and Technology on November 3, 2013 and has become one of the leading R&D centres in the field of photovoltaics since then. It sells its products in more than 70 countries with some of its offices in Beijing, Madrid, Shanghai, Singapore, Sydney, Tokyo, Zurich, Mexico City, and San Jose. Trina solar modules around the world are displacing over 27 million tons of CO2, equivalent to planting 4.9 million acres of trees. Changzhou Trina Solar Energy Co., Ltd. Sun Era Industries Ltd., Brannon Solar, LLC, and Trina Solar are some of its subsidiaries. With almost 20 years in the solar industry, Trina Solar’s experience, high-quality products and technological innovations have led the company to be one of the leading photovoltaic module manufacturers in the world. The company operates under the segments of utility products and solutions, commercial, and residential. The company has a wide range of solar panels under monocrystalline, multicrystalline, dual glass monocrystalline, and dual glass multi-crystalline structure. The solar panels offered by the company cover all the global specifications and conventional standards.