---
title: "ASM vs Emmvee - Brand Comparison | ComparePV"
description: "Compare ASM vs Emmvee solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/asm-vs-emmvee"
---

# ASM vs Emmvee

Emmvee has the broader catalog (166 vs 1 models). Emmvee leads on peak efficiency at 23.51%. Emmvee leans bifacial (55% of lineup).


## The two companies


| Attribute | ASM | Emmvee |
| --- | --- | --- |
| Country | Australia | India |
| Headquarters | Hallam, Victoria | Bengaluru |
| Founded | 2009 | 1992 |
| Employees | 1-10 |  |
| Annual capacity |  |  |
| Tier 1 | no | no |
| Listed |  |  |
| Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [https://www.emmveephotovoltaic.com](https://www.emmveephotovoltaic.com) |

Australian Solar Manufacturing (ASM) is a small Australian solar panel assembler that produces crystalline monocrystalline modules domestically using components sourced from Germany, Japan, the USA, and China. The company focuses on providing locally assembled PV modules tailored to Australian conditions, supporting...


## Catalog & Power


| Measure | ASM | Emmvee | Margin |
| --- | --- | --- | --- |
| Panel Models | 1 | 166 | +165 |
| Max Power | 170 W | 720 W | +550 W |
| Avg Power | 170 W | 526 W | +356 W |


## Efficiency


| Measure | ASM | Emmvee | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 16.00% | 23.51% | +7.51 pp |
| Avg Efficiency | 16.00% | 21.69% | +5.69 pp |


## Reliability & Warranty


| Measure | ASM | Emmvee | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.438%/°C | -0.311%/°C | +0.127 |
| Bifacial Share | 0 (0%) | 91 (55%) | +55 pp |
| Avg Warranty | - | 27.0 yrs |  |


## Efficiency distribution

Emmvee skews to higher efficiency: 10% of lineup is 23%+


| Efficiency band | ASM | Emmvee |
| --- | --- | --- |
| \<20% | 1 (100.0%) | 1 (0.6%) |
| 20-21% | 0 | 48 (28.9%) |
| 21-22% | 0 | 47 (28.3%) |
| 22-23% | 0 | 54 (32.5%) |
| 23%+ | 0 | 16 (9.6%) |


## Power distribution

Emmvee offers more 600W+ panels (16% of lineup)


| Power band | ASM | Emmvee |
| --- | --- | --- |
| \<400W | 1 (100.0%) | 6 (3.6%) |
| 400-499W | 0 | 62 (37.3%) |
| 500-599W | 0 | 72 (43.4%) |
| 600-699W | 0 | 16 (9.6%) |
| 700W+ | 0 | 10 (6.0%) |


## Cell technology

Dominant cell tech: **TOPCon** (61%)


| Technology | ASM | Emmvee |
| --- | --- | --- |
| Unknown | 1 (100.0%) | 0 |
| TOPCon | 0 | 102 (61.4%) |
| PERC | 0 | 63 (38.0%) |
| N-type | 0 | 1 (0.6%) |


## Top panels, ASM


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [ASM170M](https://comparepv.com/panel/australian-solar-manufacturing-asm170m) | 170 | 16.0 | -0.438 | Monocrystalline |


## Top panels, Emmvee


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [E720HCBG 132-T](https://comparepv.com/panel/emmvee-e720hcbg-132-t) | 720 | 23.2 | -0.290 | Monocrystalline |
| 2 | [E720HCBG132-T](https://comparepv.com/panel/emmvee-e720hcbg132-t) | 720 | 23.2 | -0.290 | Monocrystalline |
| 3 | [E715HCBG 132-T](https://comparepv.com/panel/emmvee-e715hcbg-132-t) | 715 | 23.0 | -0.290 | Monocrystalline |
| 4 | [E715HCBG132-T](https://comparepv.com/panel/emmvee-e715hcbg132-t) | 715 | 23.0 | -0.290 | Monocrystalline |
| 5 | [E710HCBG 132-T](https://comparepv.com/panel/emmvee-e710hcbg-132-t) | 710 | 22.9 | -0.290 | Monocrystalline |
| 6 | [E710HCBG132-T](https://comparepv.com/panel/emmvee-e710hcbg132-t) | 710 | 22.9 | -0.290 | Monocrystalline |
| 7 | [E705HCBG 132-T](https://comparepv.com/panel/emmvee-e705hcbg-132-t) | 705 | 22.7 | -0.290 | Monocrystalline |
| 8 | [E705HCBG132-T](https://comparepv.com/panel/emmvee-e705hcbg132-t) | 705 | 22.7 | -0.290 | Monocrystalline |
| 9 | [E700HCBG 132-T](https://comparepv.com/panel/emmvee-e700hcbg-132-t) | 700 | 22.5 | -0.290 | Monocrystalline |
| 10 | [E700HCBG132-T](https://comparepv.com/panel/emmvee-e700hcbg132-t) | 700 | 22.5 | -0.290 | Monocrystalline |


## Summary

ASM (Australian Solar Manufacturing) is a micro-scale manufacturer founded in 2009 and based in Victoria, Australia, operating with a workforce of just one to ten employees and carrying no Tier 1 bankable status on any BloombergNEF quarterly list. Emmvee is a Bengaluru-based Indian manufacturer established in 1992 that has scaled to 7.80 GW of module production capacity and 2.94 GW of cell manufacturing capacity as of 2025, positioning it as the second-largest pure-play integrated solar PV module and cell manufacturer in India, with an active IPO process underway. Neither company holds Tier 1 status, but Emmvee's institutional footprint - in terms of manufacturing scale, vertical integration, and financial profile - dwarfs ASM's by every available measure.

The portfolio data reinforces this gap decisively. ASM carries no current panel listings in available databases, providing no basis for comparing output, efficiency, or cell technology. Emmvee's 115-panel catalog delivers an average output of 511 Wp, peaking at 720 Wp, with average efficiency at 21.4% and a top efficiency of 23.51%. PERC technology accounts for roughly 42% of its lineup, and 57% of its panels are bifacial, reflecting a product mix well suited to utility-scale ground mounts and mid-to-large commercial rooftops seeking rear-side energy gain. An average warranty of 27.2 years exceeds the common 25-year industry benchmark, adding meaningful long-term assurance for project developers and commercial buyers prioritizing module longevity.

For any buyer evaluating these two manufacturers in 2025, Emmvee is the only practical choice. ASM presents no verifiable current product portfolio, no published production scale, and no bankability credential, making it effectively unworkable for project finance or large procurement. Emmvee, while outside the Tier 1 list, compensates with substantial verified capacity, a broad bifacial-heavy portfolio, and documented third-party reliability recognition from Kiwa PVEL. Buyers requiring Tier 1 bankability for lender requirements should look beyond both brands, but strictly between these two, Emmvee is the clear default for any commercial or utility application.

\---LINKS---

\- https://a1solarstore.com/blog/emmvee-solar-panels-review-hands-of-bangalore.html \| Emmvee solar panels review - A1 Solar Store \| review

\- https://www.eqmagpro.com/emmvee-a-32-year-legacy-of-solar-excellence-eq/ \| Emmvee - A 32-year legacy of solar excellence - EQ Magazine \| article

\- https://www.swastika.co.in/blog/emmvee-photovoltaic-ipo-review-bright-future-or-overheated-valuation \| Emmvee Photovoltaic IPO Review - Swastika \| article

\- https://www.enfsolar.com/asm \| ASM manufacturer profile - ENF Solar directory \| article

Sources:

\- \[Emmvee solar panels review - A1 Solar Store\](https://a1solarstore.com/blog/emmvee-solar-panels-review-hands-of-bangalore.html)

\- \[Emmvee - A 32-year legacy of solar excellence - EQ Magazine\](https://www.eqmagpro.com/emmvee-a-32-year-legacy-of-solar-excellence-eq/)

\- \[Emmvee Photovoltaic IPO Review - Swastika\](https://www.swastika.co.in/blog/emmvee-photovoltaic-ipo-review-bright-future-or-overheated-valuation)

\- \[ASM manufacturer profile - ENF Solar\](https://www.enfsolar.com/asm)

Written by claude-sonnet from the figures above.


## Other comparisons

- [ASM vs A.B. Energy](https://comparepv.com/asm-vs-a-b-energy)
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- [ASM vs AEET](https://comparepv.com/asm-vs-aeet)
- [AIKO vs Emmvee](https://comparepv.com/aiko-vs-emmvee)
- [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome)
- [ARTsolar vs Emmvee](https://comparepv.com/artsolar-vs-emmvee)


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Source: https://comparepv.com/asm-vs-emmvee

Not in this file, on the page: the distributions above drawn as charts.