Ranking of PV inverter exporting countries

How pvbl ranked the top 20 global photovoltaic inverter brands in 2023?

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.

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 PV inverter vendors shipments grew the most 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. Huawei’s shipments saw a significant increase of 83% in 2022 compared to 2021, while Sungrow’s shipments expanded 56% in the same period.

Which inverter manufacturers dominate China's market share?

Growatt and Jinlang Technology ranked fifth and sixth respectively. Shangneng Electric and Goodway entered the top nine, TBEA and Shouhang New Energy also ranked top, and Kehua Data squeezed into the top 20. The ranking shows that many inverter manufacturers in China continue to control the high market share of the inverter industry.

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 region has the most inverter shipments in 2022?

Asia-Pacific held 50% of the global market with a 44% year-over-year growth in shipments. Over three-quarters (78%) of inverters shipped to the region were directed to China. The US held 13% of the global market in 2022 with 42 GWac of inverter shipments.