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Top 10 global inverter brands by 2022 market share
The top five vendors – Huawei, Sungrow, Ginlong Solis, Growatt, and GoodWe – shipped more than 200 GWac and accounted for 71% of total
Huawei and Sungrow retain inverter market dominance
Huawei and Sungrow were the top two suppliers and covered more than 50% of the market themselves, seeing 83% and 56% growth in shipments respectively compared with
Global PV inverter shipments grew by 10% in 2024 to
Global PV inverter shipments grew by 10% to 589 gigawatts alternating current (GWac) in 2024. Asia Pacific, led by China, accounted for
Huawei s photovoltaic inverter revenue share
The world''''s top 10 solar inverter providers accounted for 86% market share in 2022, a year where the market saw a 48% increase in size year-on-year (YoY).
Huawei s photovoltaic inverter market share
What is the global PV inverter market share in 2022? In terms of market concentration, the top 5 vendors (Huawei, Sungrow, Ginlong, Growatt, and GoodWe) shipped
Global top 10 solar PV inverter vendors account for
For the seventh consecutive year, Huawei and Sungrow continue to lead the pack taking the first and second positions, respectively. Huawei''s
Global top 10 solar PV inverter vendors account for 82% of market share
For the seventh consecutive year, Huawei and Sungrow continue to lead the pack taking the first and second positions, respectively. Huawei''s market share stayed at a stable
Huawei, Sungrow Held 55% of Global Inverter Market in 2024:
The research placed Huawei and Sungrow in the first and second positions in the rankings for the 10th consecutive year, together accounting for 55% of the global inverter market.
Top 10 Solar Inverter Manufacturers in 2025: Global Brands
Market Share: A leader in global shipments, Huawei holds a significant share of the solar inverter market, particularly in Asia and Europe. Innovations: The FusionSolar smart
Top five solar inverter vendors accounted for 71% of
For the eighth consecutive year, the top two vendors were Huawei and Sungrow. Huawei held the first position with a 29% market share in 2022.
Huawei, Sungrow retain lead in 589-GW PV inverter
Huawei and Sungrow retained the top two positions for the 10th consecutive year, together accounting for 55% of the global market. Both
10 most popular solar inverters in Europe in 2024
6. Huawei SUN2000 Series Manufacturer: Huawei Technologies Co., Ltd. (China) Sales Statistics: Huawei has been expanding its presence in Europe, achieving around 18%
Top five solar inverter suppliers hold 71% of market in
The top five solar photovoltaic (PV) inverter suppliers accounted for 71% of global inverter shipments in 2022, growing 8% from the prior year,
China Leads 589 GW AC Global PV Inverter Shipments In 2024
Huawei and Sungrow retained top ranks on Wood Mackenzie''s global solar PV inverter shipment rankings for 2024, jointly controlling 55% of the global inverter market share.
How String Inverters Are Changing Solar Management on
Huawei''s string inverters have a dominant position in the world''s largest solar market. Overall, Huawei''s inverters are used in more than 40 percent of all solar projects installed in China.
Huawei, Sungrow retain lead in 589-GW PV inverter market in 2024
Huawei and Sungrow retained the top two positions for the 10th consecutive year, together accounting for 55% of the global market. Both companies achieved their highest ever
Top 10 solar inverter makers account for 82% global
For the seventh consecutive year, Huawei and Sungrow continue to lead the pack taking the first and second positions, respectively. Huawei''s
Huawei and Sungrow retain inverter market
Huawei and Sungrow were the top two suppliers and covered more than 50% of the market themselves, seeing 83% and 56% growth in
Huawei Photovoltaic Inverters in 2025: Leading the Global Solar
Huawei remains a top-tier producer of photovoltaic inverters, commanding 23% of global market share as of Q1 2025 according to Wood Mackenzie''s latest renewable energy
PV inverter market share globally by shipments | Statista
In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market.
PV Inverter Market
The global PV inverter market is expected to grow at a CAGR of 13.54% during 2022 to 2028. In 2020, Sungrow Power Supply (Sungrow) surpassed Huawei
Solar inverter global market share ranking for 2021 and future
The global list looks a bit different than the U.S. leaderboard. For the seventh consecutive year, Huawei and Sungrow continue to lead the pack taking the first and second
Huawei leads global inverter market as shipments hit
Chinese companies made up nine of the 10 largest global inverter suppliers in 2024, with total inverter shipments reaching 589 GW (AC),
Top 10 solar inverter makers account for 82% global market share
For the seventh consecutive year, Huawei and Sungrow continue to lead the pack taking the first and second positions, respectively. Huawei''s market share stayed at a stable
Huawei leads global inverter market as shipments hit 589 GW in
Chinese companies made up nine of the 10 largest global inverter suppliers in 2024, with total inverter shipments reaching 589 GW (AC), according to Wood Mackenzie. Chinese
Huawei Digital Power, Your Sustainable Partner
Leading Market Share Globally HUAWEI String inverter market share > Total market Share of the 2nd to 8th String inverter market share ~42%
Solar PV Inverter Market Share | Size & Analysis
The solar PV inverter market reached USD 8.45 Billion in 2024 & expected to grow at 5.00% CAGR between 2025 and 2034, to reach USD 13.76 Billion by
Top five solar inverter vendors accounted for 71% of shipments in
For the eighth consecutive year, the top two vendors were Huawei and Sungrow. Huawei held the first position with a 29% market share in 2022. Sungrow, winner of the pv
FAQs 6
Which solar inverter company has the most market share in 2021?
Huawei’s market share stayed at a stable 23% in 2021 while Sungrow ranked a close second at about 21% growing from approximately 19% in 2020. Second runner-up Growatt accounted for 7% of market share, replacing SMA which slid down to sixth position. Together, the top three vendors control over half of the world’s solar PV inverter market.
Where can I buy a Huawei solar inverter?
Shop Huawei solar inverter for your PV system. Huawei solar inverters for every system size at the best price with worldwide delivery on Europe-SolarStore.com
Who dominates the solar PV inverter market in 2021?
Second runner-up Growatt accounted for 7% of market share, replacing SMA which slid down to sixth position. Together, the top three vendors control over half of the world’s solar PV inverter market. GoodWe jumped four positions to rank at number five in 2021 owing to large shipments to the Asia Pacific region particularly China and South Korea.
Who has the largest PV inverter market shipments in 2022?
In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market. Huawei was followed by Sungrow Power Supply and Ginlong Solis in the second and third position respectively, based on shipments. Get notified via email when this statistic is updated. * For commercial use only
Why should you buy a Huawei inverter?
HUAWEI inverters are durable, premium-quality technological marvels. High-quality engineering and optimum connectivity enable solar energy plants to work efficiently for many decades. Huawei products are constantly improved and subject to rapid technological advances In our table you will find an overview of all inverters from Huawei.
Where are solar PV inverter shipments coming from in 2021?
In terms of geographic reach, Asia Pacific consumed over half or 116,064 MWac of the global solar PV inverter shipments in 2021. Shipments to China, India and Australia accounted for the increase in demand, with Huawei and Sungrow maintaining its dominance in the region. Europe took up 23% of the global market with 50,770 MWac inverter shipment.
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