Recently, the globally authoritative research institution S&P Global released the shipment volume market ranking for global photovoltaic inverters in 2022. Chinese companies continue to dominate this ranking, with Sungrow maintaining its position at the top, followed by Huawei and Ginlong Technologies in the second and third places.
Wood Mackenzie said that the top five vendors shipped more than 200 GW (AC) and accounted for 71% of total global PV inverter shipments in 2022, up 8% from 2021. The report notes that fir the top vendor of 2022, Huawei, shipments increased by 83%. Ginlong Solis posted growth of 86%.
The US held 13% of the global market in 2022 with 42 GWac of inverter shipments. PV-storage hybrid inverters made up 10% of the country’s shipments as it continues to integrate solar power into the grid.
Huawei, Sungrow, Ginlong, Solis, Growatt, and GoodWe emerged as the top solar inverter vendors in 2022, driving a significant portion of the year’s 330 GW (AC) of global inverter shipments. From pv magazine USA
In terms of market concentration, the top 5 vendors (Huawei, Sungrow, Ginlong, Growatt, and GoodWe) shipped over 200 gigawatts (GW) of inverters, accounting for 71% of the total global PV inverter shipments in 2022 – a year-over-year growth of 8%. The market share for vendors in positions 11-20 shrank to 13% in 2022 compared to 16% in 2021.
Asia-Pacific held 50% of the global market with a 44% year-over-year growth in shipments. Over three-quarters (78%) of inverters shipped to the region were directed to China. The US held 13% of the global market in 2022 with 42 GWac of inverter shipments.
Global PV inverter shipments grew by 56% in 2023 to …
Global PV inverter shipments grew by 56% to 536 gigawatts alternating current (GWac) in 2023, reflecting a strong year for the broader solar industry. The top 10 global PV inverter vendors accounted for 81% of the …
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2024 Top 20 Global Photovoltaic Inverter Brands Revealed by PVBL
Preferential policies promoted the inverter market growth in 2023. Most of the major inverter companies won a large amount of orders and expanded their capacity with high shipment volume. Sungrow and Huawei tied for first place in the list with outstanding performance. Sungrow achieved revenue of 27.65 billion yuan in 2023, up 61% year on year ...
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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...
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The Global Photovoltaic Inverter Rankings for 2022
Recently, the globally authoritative research institution S&P Global released the shipment volume market ranking for global photovoltaic inverters in 2022. Chinese companies continue to dominate this ranking, with …
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Top 10 solar PV inverter vendors cornered 86% of the …
Huawei and Sungrow remained market leaders in 2022, as they have done since 2015, while AISWEI and SOFAR entered the top 10 ranking. The top 10 global photovoltaic (PV) inverter vendors accounted for 86% of the …
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Top 10 solar PV inverter vendors account for 86% of global
The top five vendors – Huawei, Sungrow, Ginlong Solis, Growatt, and GoodWe – shipped more than 200 GWac and accounted for 71% of total global PV inverter shipments in 2022, growing 8% from 2021. Huawei''s shipments saw a significant increase of 83% in 2022 compared to 2021, while Sungrow''s shipments expanded 56% in the same period.
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Top 10 global inverter brands by 2022 market share
The top 10 global solar photovoltaic (PV) inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since 2021, according to latest analysis by Wood Mackenzie, a global insight …
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The Global Photovoltaic Inverter Rankings for 2022
Recently, the globally authoritative research institution S&P Global released the shipment volume market ranking for global photovoltaic inverters in 2022. Chinese companies continue to dominate this ranking, with Sungrow maintaining its position at the top, followed by Huawei and Ginlong Technologies in the second and third places.
Learn More
Top 10 global inverter brands by 2022 market share | Solar Builder
The top five vendors – Huawei, Sungrow, Ginlong Solis, Growatt, and GoodWe – shipped more than 200 GWac and accounted for 71% of total global PV inverter shipments in 2022, growing 8% from 2021. Huawei''s shipments saw a significant increase of 83% in 2022 compared to 2021, while Sungrow''s shipments expanded 56% in the same period.
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Top 10 solar PV inverter vendors account for 86% of global
PV-storage hybrid inverters made up 10% of the regional shipments as the US increases the integration of solar and storage. ENDS. Reporting metrics: WoodMac ranks vendors by quantity of shipments in megawatts-alternating current (MWac). Only shipments with revenue recognised in the reporting year are counted towards the market share.
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Global top 10 solar PV inverter vendors account for …
Europe took up 23% of the global market with 50,770 MWac inverter shipment. The market increased its inverter shipment capacity by over 17,000 MWac in 2021 from 2020, with an impressive 52% year-on-year …
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Global PV Inverter Shipments Surge 56% In 2023, China
Notably, nine of the top 10 inverter vendors are based in China, reflecting the country''s strategic investments in solar energy to meet both domestic and international demand. In contrast, North America and Europe also saw substantial growth in PV inverter shipments, though this was largely focused on the utility-scale sector. Residential ...
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Global Solar Inverter Shipments Grew By 56%: Wood Mackenzie
According to Wood Mackenzie''s "Global Solar Inverter and Module-Level Power Electronics Market Share 2024" report, the top 10 global PV inverter vendors captured 81% of the market ina led the charge, responsible for over half of global shipments as its solar demand doubled in 2023. Huawei and Sungrow solidified their market dominance, maintaining the first …
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Solis Makes Top Global Ranking in Residential PV String Inverters
Solis (Ginlong Technologies), a global leader in solar inverter technology, proudly announces it has received the #1 ranking position in global residential inverter shipments, as reported in the latest Wood Mackenzie inverter market share report. Solis also retained its position on the podium as the third-largest inverter manufacturer across ...
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Top 10 solar PV inverter vendors account for 86% of …
The top five vendors – Huawei, Sungrow, Ginlong Solis, Growatt, and GoodWe – shipped more than 200 GWac and accounted for 71% of total global PV inverter shipments in 2022, growing 8% from 2021. Huawei''s …
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2024 Top 20 Global Photovoltaic Inverter Brands …
On the first day of the conference, PVBL''s annual ranking of the Top 20 Global Photovoltaic Inverter Brands was announced. Preferential policies promoted the inverter market growth in 2023. Most of the major inverter …
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Top 5 solar inverter suppliers accounted for 71% of shipments in …
Huawei, Sungrow, Ginlong, Solis, Growatt, and GoodWe emerged as the top solar inverter vendors in 2022, driving a significant portion of the year''s 330 GW (AC) of global inverter shipments.
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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 global PV inverter shipments in 2022, growing 8% from 2021. Huawei''s …
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Sungrow Ranks No. 1 in 2021 Global PV Inverter Shipment: IHS …
International authoritative research institution IHS Markit (now a part of S&P Global) announced the top 10 global PV inverter companies in terms of estimated shipments in 2021. Sungrow, with 47.1 GWac inverter shipments, becomes …
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2024 Top 20 Global Photovoltaic Inverter Brands Revealed by PVBL
On the first day of the conference, PVBL''s annual ranking of the Top 20 Global Photovoltaic Inverter Brands was announced. Preferential policies promoted the inverter market growth in 2023. Most of the major inverter companies won a large amount of orders and expanded their capacity with high shipment volume.
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Top PV module companies by shipment volume in 2023
The recently unveiled shipment rankings shed light on the achievements of 32 companies, showcasing their strengths and strategies in the evolving solar industry. Stability at the Top The Top 4 and Top 5-9 lists remained relatively stable in 2023, with established and emerging brands holding their ground.
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Top 10 solar PV inverter vendors cornered 86% of the market in …
Huawei and Sungrow remained market leaders in 2022, as they have done since 2015, while AISWEI and SOFAR entered the top 10 ranking. The top 10 global photovoltaic (PV) inverter vendors accounted for 86% of the market – an increase of 4% year-over-year, whereas the top 3 players captured 60% of the market share for shipments in 2022.
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Solis Takes No. 3 Position in Global Inverter Rankings
International authoritative research institution IHS Markit (part of S&P Global) announces the top 10 global solar inverter shipments for 2021 with Ginlong (Solis) taking the No.3 position.
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Global PV inverter shipments grew by 56% in 2023 to 536 GWac
Global PV inverter shipments grew by 56% to 536 gigawatts alternating current (GWac) in 2023, reflecting a strong year for the broader solar industry. The top 10 global PV inverter vendors accounted for 81% of the market, according to Wood Mackenzie''s '' Global solar inverter and module-level power electronics market share 2024 ...
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2022 H1 module shipment rankings of Chinese solar enterprises
Obviously, orders for modules in solar industry are further concentrated on the top enterprises, the no.1 camp forming by the top 4 manufacturers, Jinko Solar, Trina Solar, Longi and JA Solar, accounting for over 60% of the global shipments in the first half of the year, and the top 10 accounts for more than 85% in total. On the whole, the top enterprises in the list have …
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Solis Takes No. 3 Position in Global Inverter Rankings
International authoritative research institution IHS Markit (part of S&P Global) announces the top 10 global solar inverter shipments for 2021 with Ginlong (Solis) taking the No.3 position. According to the research, Solis not only leads the distributed inverter shipments in relevant regions around the world but also for the first time ranks ...
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