Jinko Solar Continues to outgrow the PV market
Great news for Powerark Customers!
One of Powerark Solar’s tier one brands, Jinko Solar continues to grow despite fluctuations in demand within the solar panel industry. The SMSL (Silicon Module Super League) reported that Jinko Solar’s total PV module shipments of 2,794MW increased from 2,015MW in the previous quarter, which made it the second highest quarterly record, which was set at 2,884MW in the prior year.
The company had previously guided shipments for the second quarter of 2018 to be in the range of 2.4GW to 2.5GW. Jinko Solar’s CEO was reported stating that “We delivered a strong quarter with module shipments hitting 2,794 MW while generating total revenue of US$915.9 million. Leveraging our cutting-edge technologies, strong global sales network, and industry-leading cost structure, I’m confident in our ability to generate sustainable profits and growth going forward” (Osborne, 2018).
What does this mean as a retailer?
It means that as a distributor the market is clearly demonstrating a preference for Jinko Solar panels, over its competitors as a result of their cutting-edge and reliable solar panels. This is also evidenced by its market leadership in the solar PV category globally during the past two years (Hill, 2018). A recent publication of the ‘DNV GL 2018 PV Module Reliability Scorecard’ also placed Jinko Solar panels as a top performing and reliable manufacturer, and has been the case for the last four years. As a retailer, you can have increased confidence around your ordering when re-stocking on Jinko Solar panels, as it is clearly doing well, not only in Australia but globally and has evidence of being a reliable PV module.
How do you capitalise?
As stated by the CEO of Jinko Solar they are forecasting this trend to continue upwards in the foreseeable future, which means as a supplier you can have a certain level of comfort around selling your Jinko Solar Stock based on current market performance.
But, don’t take our word for it! The graph below featured in an article published by Mark Osborne from PVTech (link below to full article), shows the strong growth Jinko Solar is having in megawatts (MW) shipped globally. You can see that the trend is continuing upwards with Q2 of 2018 falling shy of their record in Q2 2017. The article also highlights, that whilst the over PV market is slowing slightly, it does not appear to be affecting Jinko Solar, unlike other PV manufacturers.
Figure 1: Jinko Solar: Quarterly PV Module Shipments (MW). Mark Osborne
Where to from here?
If you are looking to increase or re-order Jinko Solar stock you need to search for one of their distribution partners in Australia to ensure what you purchased is legitimate, OR you could look no further than this article. Powerark Solar is one of the top 3 wholesale distributors in Australia and is a trusted partner of Jinko Solar. Powerark Solar has distribution centres all over the country to ensure that we can get stock to you in a timely fashion. Simply contact Powerark Solar on 1300 887 557 or email [email protected]
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Article Sources:
Osborne, M, 2018. ‘Jinko Solar claims immunity from industry woes as 2018 shipment guidance remains unchanged’. /5e625d8e7d8b3a821babdebf8ecae5ed/news/jinkosolar-claims-immunity-from-industry-woes-as-2018-shipment-guidance-rem
Hill, J, 2018. ‘Jinko Solar Maintains Lead As Global Solar PV Provider, Beats Out Trina & JA Solar’. https://cleantechnica.com/2018/05/07/jinkosolar-maintains-lead-as-global-solar-pv-provider-beats-out-trina-ja-solar/
DNV GL, 2018. ‘DNV GL 2018 PV Module Reliability Scoredcard’. https://www.dnvgl.com/publications/2018-pv-module-reliability-scorecard-117982
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