Huawei And Sungrow Lead the Global Solar Inverter Market In
Huawei and Sungrow top the global solar inverter market in H1 2025, with ESG, innovation, and warranties shaping competition.
“ 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.
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.
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.
Nine of the top 10 PV inverter suppliers are based in China. Huawei and Sungrow retained the top two positions for the 10th consecutive year, together accounting for 55% of the global market. Both companies achieved their highest ever market shares in 2024, said Joseph Shangraw, research associate at Wood Mackenzie.
PDF includes complete article with source references for printing and offline reading.
Download detailed specifications for our photovoltaic containers, BESS systems, and mobile energy storage solutions.
Industrial Zone 15, ul. Fabryczna 24
Pabianice 95-200, Poland
+48 42 212 00 00
Monday - Friday: 8:00 AM - 5:00 PM CET