About Photovoltaic inverter chip shortage
Lisa Zhang, global marketing director, Growatt:On the back of impressive global growth in the residential PV and energy storage markets, we saw a dramatic increase in sales in Europe and Latin America, etc. Our total revenues saw an over 60% increase compared to 2020.
The shortage of chipswas unexpected and had a negative impact. We have thus had many discussions with leading global chip suppliers and have established strategic cooperations with them to ensure supply. We have also expanded.
We think the situation will continue to be difficult and won't be completely resolved this year. The capacity expansion of chip manufacturers takes time, and therefore it’s difficult for the situation.
We’ve been present in the United States since 2013 and we highly value this solar market. In 2021, GROWATT launched the MIN 3000-11400TL-XH US inverter series, which can be coupled with.
Presently about 75% of our revenue comes from overseas markets. We believe the Chinese PV market will continue to grow strongly, benefiting.
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6 FAQs about [Photovoltaic inverter chip shortage]
Why did PV inverter shipments increase in 2022?
The industry saw this renewed increase in shipments as the pandemic-related chip shortage and other supply chain challenges eased in 2022. 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.
Why is there a shortage of solar photovoltaic (PV) equipment?
Trade and supply-chain frictions have resulted in an acute shortage of solar photovoltaic (PV) equipment in the United States that risks abruptly slowing the rate of solar PV installation. Project delays and cancellations pose risks to power sector reliability, electricity prices, and energy-sector jobs.
Which inverter vendors dominated the global photovoltaic market in 2022?
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.
Which country has the most solar inverter shipments in 2022?
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.
Which inverter vendors were ranked in 2022?
The top eight vendors of 2021 held their ranks in 2022, with only Ginlong Solis and Growatt swapping third and fourth positions from 2021. Aiswei and Sofar jumped up three ranks to enter the top 10 ranking, holding the ninth and tenth positions respectively in 2022. Asia Pacific leads inverter market
What is the global PV inverter & module-level power electronics market share 2023?
Our latest ‘Global Solar PV Inverter and Module-Level Power Electronics Market Share 2023’ report reveals a buoyant market in 2023, with 48% year-over-year growth in global PV inverter shipments.