Top 10 solar inverter players take up 82% of global market share
Get a unique view of the competitor landscape and pricing trends
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Global solar photovoltaic (PV) inverter shipments grew 22% in 2021. Despite soaring raw material prices, supply chain challenges and delayed constructions, shipments rose by 40,250 MWac to an all-time high of 225,386 MWac.
The top ten vendors contributed to around 82% of market share – up from 80% in 2020 – with Huawei and Sungrow cumulatively making up more than 44% of the market. Shipments to Asia Pacific contributed to 51% of the global market, with China alone accounting for 33%.
We explored the market in detail in our Global PV Inverter and Solar MLPE Market Share and Landscape reports. Fill in the form for a complimentary extract from the latest edition. And watch the video below, where Business Development Manager, Yuan Chang highlights and discusses some of the key findings:
Highlights from our latest report
About the report:
Our Global PV Inverter and Solar MLPE Market Share and Landscape reports are published twice a year and contain the latest market shares and segmented five-year forecasts for product shipments and pricing on a global and major country market level. They are available for single purchase by enquiry, or to subscribers of our PV Technology Systems & Operations Service. Fill in the form for a complimentary extract, and to find out more.