Huawei leads global inverter market as shipments hit 589 GW in 2024
Chinese companies made up nine of the 10 largest global inverter suppliers in 2024, with total inverter shipments reaching 589 GW (AC), according to Wood Mackenzie. Chinese
Chinese companies made up nine of the 10 largest global inverter suppliers in 2024, with total inverter shipments reaching 589 GW (AC), according to Wood Mackenzie. Chinese
Huawei and Sungrow ranked as the top two global solar inverter manufacturers for the first half of 2025, based on the “Global Solar Inverter Manufacturer Rankings H1 2025” report from Wood
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.
“Huawei delivered 176 GWac of PV inverters and extended its global lead with strong performances in China, Europe, Latin America and Africa. Sungrow delivered 148 GWac, ranking
The solar grid connected inverter market report provides a comprehensive analysis of the industry"s growth drivers, regional dynamics, and future potential across multiple segments.
This report offers a comprehensive overview of the household grid-connected inverter market, covering market size and projections, key players, technological advancements, and market
Overall, the first half of 2025 shows a market led by Huawei and Sungrow, with a strong focus on sustainability, innovation, and global supply chain strategies shaping the competitive
This ranking is based on the Global Solar Inverter Manufacturer Rankings H1 2025 report from Wood Mackenzie. The rankings evaluate 23 leading manufacturers from seven countries based
The pair shipped a combined 324 GWac—roughly 55 % of all inverters sold—each posting its highest share on record. Huawei widened its margin, delivering 176 GWac thanks to strong utility
In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market.
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