Stock market photovoltaic inverter leader

Which inverter vendors dominated the global photovoltaic market in 2022?

Huawei and Sungrow remained market leaders in 2022, as they have done since 2015, while AISWEI and SOFAR entered the top 10 ranking. The top 10 global photovoltaic (PV) inverter vendors accounted for 86% of the market – an increase of 4% year-over-year, whereas the top 3 players captured 60% of the market share for shipments in 2022.

How pvbl ranked the top 20 global photovoltaic inverter brands in 2023?

On the first day of the conference, PVBL’s annual ranking of the Top 20 Global Photovoltaic Inverter Brands was announced. Preferential policies promoted the inverter market growth in 2023. Most of the major inverter companies won a large amount of orders and expanded their capacity with high shipment volume.

How did the PV inverter market perform in 2022?

Overall, global PV inverter shipments saw 48% growth year-over-year in 2022, with an additional 100 GW shipped from 2021. In 2022, the PV inverter industry saw a renewed increase in shipments as the pandemic-related semiconductor chip shortage improved. Huawei and Sungrow covered 52% of the market cumulatively - an increase from 44% in 2021.

Where did PV inverter shipments grow in 2022?

Strong growth in the PV markets in Europe, Asia Pacific and the United States drove the 333 gigawatts alternating current (GWac) of inverter shipments in 2022. Government support has increased across these regions in a bid to meet clean energy goals. Europe held 28% of the global market for PV inverter shipments in 2022.

What is SolarEdge DC optimized inverter?

The company has developed the SolarEdge DC optimized inverter solution for managing photovoltaic systems. This smart inverter maximizes power generation while lowering the cost of energy produced by the photovoltaic system.

Are solar stocks a risky investment?

In such an environment, solar stocks as a group remain higher risk than other sectors on Wall Street. Still, the long-term promise of solar remains significant in the age of climate change – so many investors are eager to get a foothold in the industry, regardless of the challenges.