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.
Market share of the solar PV inverter market worldwide in 2022, based on shipments
Characteristic
Market share
Huawei
29%
Sungrow Power Supply
23%
Ginlong Solis
8%
Growatt
6%
Goodwe
5%
SMA
3%
Power Electronics
3%
SofarSolar
3%
Sineng
3%
Aiswei
3%
TMEIC
2%
Other
12%
Created with Highcharts 7.2.2Market share29%29%23%23%8%8%6%6%5%5%3%3%3%3%3%3%3%3%3%3%2%2%12%12%HuaweiSungrow Power SupplyGinlong SolisGrowattGoodweSMAPower ElectronicsSofarSolarSinengAisweiTMEICOther
0%2%4%6%8%10%12%14%16%18%20%22%24%26%28%30%32%
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Wood Mackenzie. (September 19, 2023). Market share of the solar PV inverter market worldwide in 2022, based on shipments [Graph]. In Statista. Retrieved February 03, 2025, from https://www.statista.com/statistics/1003705/global-pv-inverter-market-share-shipments/
Wood Mackenzie. "Market share of the solar PV inverter market worldwide in 2022, based on shipments." Chart. September 19, 2023. Statista. Accessed February 03, 2025. https://www.statista.com/statistics/1003705/global-pv-inverter-market-share-shipments/
Wood Mackenzie. (2023). Market share of the solar PV inverter market worldwide in 2022, based on shipments. Statista. Statista Inc.. Accessed: February 03, 2025. https://www.statista.com/statistics/1003705/global-pv-inverter-market-share-shipments/
Wood Mackenzie. "Market Share of The Solar Pv Inverter Market Worldwide in 2022, Based on Shipments." Statista, Statista Inc., 19 Sep 2023, https://www.statista.com/statistics/1003705/global-pv-inverter-market-share-shipments/
Wood Mackenzie, Market share of the solar PV inverter market worldwide in 2022, based on shipments Statista, https://www.statista.com/statistics/1003705/global-pv-inverter-market-share-shipments/ (last visited February 03, 2025)
Market share of the solar PV inverter market worldwide in 2022, based on shipments [Graph], Wood Mackenzie, September 19, 2023. [Online]. Available: https://www.statista.com/statistics/1003705/global-pv-inverter-market-share-shipments/
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