Power Electronics Photovoltaic Inverter Manufacturer

What is the solar inverter manufacturing industry?

The solar inverter manufacturing industry focuses on producing devices that convert the variable direct current (DC) output of a photovoltaic solar panel into alternating 240V current (AC) for commercial use or feeding into an electricity grid. Companies in this industry range from multinational corporations to smaller specialized firms.

Who are goodwe solar inverters?

GoodWe is a leading manufacturer of PV inverters and energy storage solutions, offering comprehensive solutions for residential, commercial, and industrial installations. They provide high-quality and reliable products for solar energy production, with a range of inverters from 0.7kW to 250kW.

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.

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.

Who has the largest PV inverter market shipments in 2022?

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 second and third position respectively, based on shipments. Get notified via email when this statistic is updated. * For commercial use only

Where are solar PV inverter shipments coming from in 2021?

In terms of geographic reach, Asia Pacific consumed over half or 116,064 MWac of the global solar PV inverter shipments in 2021. Shipments to China, India and Australia accounted for the increase in demand, with Huawei and Sungrow maintaining its dominance in the region. Europe took up 23% of the global market with 50,770 MWac inverter shipment.