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210mm Modules Dominate Market with Over 260 GW in Cumulative Shipments by Q1 2024: TrendForce

According to TrendForce, the 210 mm n-type modules are emerging as the predominant choice in the market, with seven of the top 10 module makers producing 210mm n-type modules.

July 10, 2024. By Abha Rustagi

By the first quarter of this year, cumulative shipments of 210 mm modules (including 210 R) had surpassed 260 GW, the market intelligence provider TrendForce informed. The 210 mm n-type modules are emerging as the predominant choice in the market, with seven of the top 10 module makers producing 210mm n-type modules.

TrendForce says that by the end of this year, the expansion of production capacity for large-format wafers will continue to accelerate, with capacity projected to reach 1,174GW, accounting for nearly 99 percent market share, dominating the market. Notably, the production capacity for 210 mm (including 210R) wafers has reached 457 GW, accounting for 38.46 percent of the total.

Rectangular wafers, initiated by Trina Solar in 2022, have become a key innovation for companies aiming to improve module efficiency. Market penetration of 210 R rectangular wafers is expected to accelerate in the second half of 2024.

According to TrendForce, the share of production capacity for large-format cells will approach 99 percent by this year, with large-format cell production capacity reaching 1,549 GW. Within this, the overall production capacity for 210 mm cells will be 1,296 GW, representing a market share of 82.66 percent.

TrendForce forecasts that the production capacity for n-type cells will reach about 1,078 GW, or 68.8 percent, by the end of this year. Of this, the production capacity for TOPCon cells will be about 909 GW, accounting for 58 percent of the n-type cell market. TrendForce forecasts that the global market share of n-type modules will rise markedly, from 26.22 percent last year to 68.93 percent this year.

Production capacity for large-format modules will reach 1,365 GW this year, with a market share of 96.7 percent, said TrendForce. Specifically, the production capacity for 210 mm modules will be 1,105 GW, accounting for 78.3 percent. In terms of shipments, large-format modules are expected to accelerate, accounting for over 85 percent of the market. By the first quarter of this year, cumulative shipments of 210 mm (including 210 R) modules have exceeded 260 GW.

Seven of the top 10 companies are producing 210 mm n-type modules, stepping up to achieve power exceeding 700 W. Among them, Trina Solar was the first to mass produce TOPCon modules over 700 W and initiated the 700W+ PV Open Innovation Ecological Alliance to drive this advance. Trina Solar announced that cumulative shipments of 210 mm modules surpassed 120 GW by the first quarter of 2024, maintaining its position as the global leader.

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