Where does Huawei s solar inverter rank

4 FAQs about Where does Huawei s solar inverter rank

Are Huawei & Sungrow leading the global inverter market?

“ Huawei and Sungrow ranked first and second in the rankings for the 10th consecutive year, combining for 55% of the global inverter market.” Total global inverter shipments reached 589 GW (AC) in 2024, up 10% from 2023.

What is the global PV inverter market share?

Global PV inverter shipments grew by 10% to 589 gigawatts alternating current (GWac) in 2024, according to Wood Mackenzie's Global Solar Inverter Market Share Report 2025. The research placed Huawei and Sungrow in the first and second positions in the rankings for the 10th consecutive year, together accounting for 55% of the global inverter market.

Which companies dominate the global inverter market?

The research placed Huawei and Sungrow in the first and second positions in the rankings for the 10th consecutive year, together accounting for 55% of the global inverter market. In the Asia Pacific region, the growth of inverters was primarily driven by China, which accounted for almost all of the global increase.

Who is the world's largest inverter supplier in 2024?

Chinese conglomerate Huawei was the world's largest inverter supplier in 2024, followed by Sungrow, Ginlong Solis, Growatt, and Sineng. New figures from Wood Mackenzie shows that nine of the 10 largest global inverter suppliers last year were based in China.