TrendForce says 210 mm module shipments surpassed 260 GW in Q1

Market intelligence platform TrendForce says 210 mm n-type technology is “set to spearhead a new industrial revolution.” It expects 210mm modules to account for 78.29% of the large-format module market this year, increasing to 82.51% by 2027.

July 8, 2024 Patrick Jowett

Image: TrendForce

From pv magazine Global

Cumulative shipments of 210 mm PV modules surpassed 260 GW in the first quarter of this year, according to Taiwan-based TrendForce.

The analysts said that seven of the top 10 module makers now make 210 mm n-type modules, with Trina Solar, Risen Energy, Tongwei and Huasun all now mass producing panels above 700 W.

“It is clear that the 210 mm n-type modules are emerging as the predominant choice in the market,” said TrendForce.

The research firm projected a 51.8% year-on-year increase in 210 mm module production capacity to about 1,105 GW in 2024. That would account for 78.29% of the large-format panel market this year and 82.51% by 2027.

The analysts said that production of large-format wafers will also continue to accelerate, with capacity projected to reach 1,174 GW this year. Large-format wafers now account for nearly 99% of all wafer production. In 2023, 210 mm and 210R wafers accounted for more than 38% of the market total, up 46% year on year.

“A prevailing trend in the industry chain is the concentrated focus on the advance of n-type, large-format and thin wafers … 210 mm (including 210R) has emerged as the next mainstream standard, heralding a new phase in wafer development,” said TrendForce.

Production of large-format cells, meanwhile, is expected to reach 1,549 GW this year. TrendForce said 210 mm cells will account for 1,296 GW of all large-format cells, for a market share of 82.66%. Its market share is set to increase to almost 92% by 2027.

In addition, TrendForce said the production capacity of all n-type cells will reach around 1,078 GW by the end of this year, for almost 69% of the total cell market. Tunnel oxide passivated contact (TOPCon) cells will account for around 909 GW of n-type cell production, or 58% of the total n-type cell segment.

“Continuous technological innovation and product upgrades are driving the advance of the PV industry,” TrendForce said. “The 210 mm n-type technology is set to spearhead a new industrial revolution, fostering the high-quality development of the new energy sector.”

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