About Huawei s share in photovoltaic inverters
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6 FAQs about [Huawei s share in photovoltaic inverters]
What is the global PV inverter market share in 2022?
In terms of market concentration, the top 5 vendors (Huawei, Sungrow, Ginlong, Growatt, and GoodWe) shipped over 200 gigawatts (GW) of inverters, accounting for 71% of the total global PV inverter shipments in 2022 – a year-over-year growth of 8%. The market share for vendors in positions 11-20 shrank to 13% in 2022 compared to 16% in 2021.
How long does a Huawei PV inverter account last?
The account requires an annual contract and will renew after one year to the regular list price. In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market.
Who has the largest PV inverter market shipments in 2022?
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. Get notified via email when this statistic is updated. * For commercial use only
What is the market share of Huawei & Sungrow?
Huawei and Sungrow covered 52% of the market cumulatively - an increase from 44% in 2021. Huawei held the number 1 position for market share with an increase in shipments from 23% in 2021, to 29% in 2022. Sungrow ranked second with 23% in 2022, growing from 21% in 2021.
What is the global PV inverter & module-level power electronics market share 2023?
Our latest ‘Global Solar PV Inverter and Module-Level Power Electronics Market Share 2023’ report reveals a buoyant market in 2023, with 48% year-over-year growth in global PV inverter shipments.
How big is the solar-plus-storage hybrid inverter market?
While the U.S. market is beginning a strong growth trajectory, it accounted for only 13% of the global market with 42 GWac shipped to the country. Solar-plus-storage hybrid inverters made up 10% of the regional shipments as the curtailment of net metering in some markets are leading to a strong energy storage market.
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