About International PV Inverter Ranking
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.
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.
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.
On the first day of the conference, PVBL’s annual ranking of the Top 20 Global Photovoltaic Inverter Brands was announced. Most of the companies in the above list are listed companies and the data was mainly taken from their 2022 annual report and public documents.
Top 20 Global Photovoltaic Inverter Brands for 2023 Announced by PVBL. Century New Energy Network and Photovoltaic Brand Lab (PVBL) held the CPC 8th Century Photovoltaic Conference of 2023 and the PVBL 11th Global PV Global Photovoltaic Brand Rankings Announcement Ceremony in Shanghai, China, on May 22 and 23, 2023.
Global top 10 solar photovoltaic (PV) inverter vendors shored up 82% of market share in 2021, increasing by 2 percentage points compared to 2020, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Global PV inverter shipments grew 22% or 40,250 MWac (mega-watt, alternating current) to 225,386 MWac in 2021 compared to 2020.
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6 FAQs about [International PV Inverter Ranking]
What is the global PV inverter market share in 2022?
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.
Which PV inverter vendors shipped the most in 2022?
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%.
Who are the top solar inverter vendors in 2022?
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
What is the global solar inverter market like in 2019?
Analysis from Wood Mackenzie shows global inverter demand grew 18% last year. The ten largest inverter suppliers accounted for 76% of the global trade. Huawei, Sungrow and SMA have topped the PV inverter rankings since 2015. The global solar inverter market grew 18% in 2019, according to new data from U.S.-owned analyst Wood Mackenzie.
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 are global PV inverter shipments rising?
This is mainly driven by strong growth in markets in Europe, India, and Latin America where government support increased to meet decarbonisation goals. Wood Mackenzie research analyst Annie Rabi Bernard said: “Despite soaring raw material prices, supply chain challenges and delayed constructions, global PV inverter shipments continue to rise.