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 , said Joseph Shangraw, research associate at Wood Mackenzie.
Who has the largest PV inverter market shipments in ?
In , 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
What is the global solar inverter market share ?
According to Wood Mackenzie’ s “Global Solar Inverter and Module-Level Power Electronics Market Share ” report, the top 10 global PV inverter vendors captured 81% of the market. China led the charge, responsible for over half of global shipments as its solar demand doubled in .
Where are PV inverter shipments growing in ?
Global PV inverter shipments increased by 10% to 589 GWac in , with growth occurring in Asia Pacific and the Middle East, while the US and European markets contracted, according to a report by Wood Mackenzie. Nine of the top 10 PV inverter suppliers are based in China.
How did the PV inverter market perform in ?
In comparison, North America and Europe also saw double-digit growth in the PV inverter market, but it was mainly concentrated in the utility-scale sector. Residential inverter manufacturers faced slower demand growth and excess inventory due to oversupply beginning in .
Why did residential inverter market growth slow in ?
Residential inverter manufacturers faced slower demand growth and excess inventory due to oversupply beginning in . In the U.S., central inverter manufacturers like Sungrow and Power Electronics led market growth, while in Europe, string inverter shipments from companies like Huawei, Sungrow, and SMA drove the expansion.
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