The global solar industry experienced a slowdown in photovoltaic (PV) module shipments during the first half of 2026. Most of the world’s leading manufacturers reported lower shipment volumes compared to the same period last year, mainly due to oversupply across the solar supply chain and ongoing international trade restrictions.
Despite the challenging market conditions, Jinko Solar maintained its position as the world’s largest PV module supplier, followed by LONGi, Trina Solar, JA Solar, and Tongwei Solar. While these companies remained industry leaders, all recorded year-on-year shipment declines.
The report highlights that manufacturers with global production facilities, advanced N-type technologies, strong cost management, and integrated solar-plus-storage solutions were better positioned to overcome market challenges. Companies that expanded their international manufacturing operations were also able to reduce the impact of trade barriers and maintain stronger global competitiveness.
Looking at the broader industry trend, the global PV market has grown significantly over the past five years. Annual module shipments increased from 221 GW in 2021 to 642 GW in 2025, demonstrating the continued global transition toward renewable energy despite short-term market fluctuations.
As the solar industry continues to evolve, future success will depend on technological innovation, manufacturing efficiency, global production strategies, and the ability to deliver complete solar and energy storage solutions that meet the growing needs of customers worldwide.
Source: PVTIME – Global PV Module Shipment Performance in the First Half of 2026, published on 03 August 2026.
