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Global solar PV inverter* shipments grew by 56% in 2023 to 536 GWac, with China accounting for half of all shipments as the country's solar demand doubled in 2023, according to the latest analysis by Wood Mackenzie. The top 10 PV inverter vendors, led by Chinese giants Huawei and Sungrow, controlled 81% of the global market.
The top 10 PV inverter vendors, led by Chinese giants Huawei and Sungrow, controlled 81% of the global market. Huawei and Sungrow alone captured over 50% of the global share, thanks largely to their popular utility-scale inverters, reports the market analyst.
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
Joseph Shangraw, research associate at Wood Mackenzie, said: “Both vendors consolidated the market and achieved their highest ever market shares in 2024. Huawei delivered 176 GWac of PV inverters and extended its global lead with strong performances in China, Europe, Latin America and Africa.
Chinese companies made up nine of the 10 largest global inverter suppliers in 2024, with total inverter shipments reachi…
In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market. Hu…
The global energy landscape saw a significant shift in 2023, marked by a 56% increase in solar photovoltaic (PV) inverte…
The global solar PV inverter shipments in the year 2023 increased strongly by 56% Year-over-Year (YoY) to 536 GW AC, wit…
The global shipments of PV inverters increased by 10% to 589 gigawatts alternating current (GWac) in 2024, according to …
Global PV inverter shipments grew by 10% to 589 gigawatts alternating current (GWac) in 2024. Asia Pacific, led by China…
Global photovoltaic (PV) inverter shipments surged by 56 percent in 2023, reaching 536 GWAC, marking a robust year for t…
S&P Global Commodity Insights estimate that 527 GWac of PV inverters were shipped in 2023, a 57% increase on 2022 sh…
Global shipments of photovoltaic (PV) inverters recorded a 56% increase in 2023, reaching 536 gigawatts alternating curr…
According to Wood Mackenzie'' s “Global Solar Inverter and Module-Level Power Electronics Market Share 2024” report, the…
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