About Homai photovoltaic inverter market share
In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market.
In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market.
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.
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’ report.
The top 10 global solar inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since 2021, according to a recent study by Wood Mackenzie. The market grew 48% year-over-year, attributed to the ease in supply chain challenges, coupled by strong government support, as seen in the U.S. with the passage of the .
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.
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