Technical FAQs 4

Are Huawei & Sungrow leading the global inverter market?

“ Huawei and Sungrow ranked first and second in the rankings for the 10th consecutive year, combining for 55% of the global inverter market.” Total global inverter shipments reached 589 GW (AC) in 2024, up 10% from 2023.

What is the global solar PV inverter market like in 2023?

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.

Which PV inverter suppliers are based in China?

Nine of the top 10 PV inverter suppliers are based in China. 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 market shares in 2024, said Joseph Shangraw, research associate at Wood Mackenzie.

Who owns the global PV inverter 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.

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Global Solar Inverter Shipments Grew By 56%: Wood

Aug 9, 2024 · 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

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May 7, 2022 · Huawei shipped 51 GW of PV inverters in 2021. This was revealed during a press conference by a company spokesperson, who also revealed that the Chinese conglomerate

PV inverter market share globally by

Nov 28, 2025 · In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market.

Huawei leads global inverter market as

Jul 11, 2025 · Chinese companies made up nine of the 10 largest global inverter suppliers in 2024, with total inverter shipments reaching 589 GW

Huawei leads global inverter market as shipments hit 589

Jul 11, 2025 · 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.

China Drives 56 Percent Surge in Global PV Inverter

Aug 9, 2024 · China led the charge, accounting for over half of the global shipments as its solar demand doubled in 2023. Industry giants Huawei and Sungrow maintained their positions as

PV inverter market share globally by shipments | Statista

Nov 28, 2025 · In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market.

Huawei, Sungrow retain lead in 589-GW PV inverter market

Jul 11, 2025 · Nine of the top 10 PV inverter suppliers are based in China. Huawei and Sungrow retained the top two positions for the 10th consecutive year, together accounting for 55% of the

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May 27, 2020 · New Energy Think Tank: Analysis of the April Chinese inverters export data done by the team at Century New Energy Network was recently released. According to the data, the

Global Solar Inverter Shipments Grew By 56%:

Aug 9, 2024 · According to Wood Mackenzie'' s “Global Solar Inverter and Module-Level Power Electronics Market Share 2024” report, the top 10

Chinese Solar Inverter Export Rankings for

May 27, 2020 · New Energy Think Tank: Analysis of the April Chinese inverters export data done by the team at Century New Energy Network

Huawei is the world''s largest manufacturer of photovoltaic inverters

Moreover, the reason why Huawei''s global share of photovoltaic inverters is so high is not because of the huge market share in China. From the perspective of market segments on all

China Drives 56 Percent Surge in Global PV

Aug 9, 2024 · China led the charge, accounting for over half of the global shipments as its solar demand doubled in 2023. Industry giants Huawei

Global surge in solar PV inverter shipments highlights China''s

China driving demand for global solar PV inverters 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

Global surge in solar PV inverter shipments

China driving demand for global solar PV inverters Global solar PV inverter* shipments grew by 56% in 2023 to 536 GWac, with China accounting for

Entering the Smart String Grid Forming ESS Era with Huawei

Jul 4, 2025 · Huawei has remained steadfastly committed to the smart string-based innovation. In 2013, we pioneered the application of smart sting inverters in utility-scale solar power plants

Entering the Smart String Grid Forming ESS

Jul 4, 2025 · Huawei has remained steadfastly committed to the smart string-based innovation. In 2013, we pioneered the application of smart sting

Huawei, Sungrow retain lead in 589-GW PV

Jul 11, 2025 · Nine of the top 10 PV inverter suppliers are based in China. Huawei and Sungrow retained the top two positions for the 10th

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