1. Top 10 PV inverter suppliers in the world in 2022
In 2022, Top 10 PV inverter suppliers around the world will occupy 82% of the market share, an increase of 2 percentage points compared with last year. This is mainly due to strong growth in the markets of Europe, India and Latin America, where governments have stepped up PV support in order to achieve decarbonisation targets.
1. Huawei
Established: 1987
Company location: Shenzhen
Registered capital: 40,441,130,000 RMB
Official website: https://www.huawei.com
Company profile: Founded in 1987, Huawei is the world’s leading provider of ICT (Information and Communication) infrastructure and smart terminals. At present, Huawei has about 195,000 employees, and its business covers more than 170 countries and regions. As of 2011, it provided services for 45 of the 50 largest telecom operators.
Huawei ranked No. 1 in the 2021 Fortune Global 500 list. 44, and later turned to Hongmeng OS, home appliances and self-driving road technology, taking the establishment of Huawei’s ecosystem as a new profit point, and the R&D ratio was once as high as 20%. This company becomes one of Top 10 PV inverter suppliers.
Latest news and related layout:
Huawei has been awarded the world’s first carbon footprint verification statement for inverter products, which is the result of its efforts to reduce carbon emissions, increase the proportion of renewable energy, and promote a circular economy.
2. Sungrow
Established: 2007
Company location: Anhui
Total market value: 188 billion RMB
Official website: https://www.sungrowpower.com/
Company profile: Sungrow is a national key high-tech enterprise focusing on the research and development, production, sales and service of new energy power equipment such as solar energy, wind energy, energy storage, hydrogen energy, and electric vehicles.
The main products are photovoltaic inverters, wind power converters, energy storage systems, water surface photovoltaic systems, new energy vehicle drive systems, charging equipment, renewable energy hydrogen production systems, smart energy operation and maintenance services, etc., and are committed to providing world-class services. clean energy full life cycle solutions.And it is also one of Top 10 PV inverter suppliers.
The latest news and related layout: In 2021, the PV inverter shipments will be the world’s largest, continue to increase R&D investment, broaden the product spectrum, and fully cover application scenarios such as household, industrial and commercial, and large-scale ground power stations.
3. Growatt
Established: 2010
Company location: Shenzhen
Registered capital: 51.95 million RMB
Official website: https://www.growatt.com/
Company profile: It is an enterprise focusing on sustainable energy generation, storage, electricity consumption and energy digitalization. The company designs, develops, and manufactures photovoltaic inverters, energy storage systems, and smart energy management systems. Since its establishment, R&D centers have been established in Shenzhen, Xi’an and Huizhou successively. Relying on the R&D platform and a professional R&D team of more than 500 people, it provides professional distributed energy solutions for users in different countries and regions.
The company has successively set up 34 offices in Germany, the United States, the United Kingdom, India, the Netherlands and other countries and regions, and its business covers more than 150 countries and regions around the world. 1.4 million household, industrial and commercial end users,becoming one of Top 10 PV inverter suppliers.
Latest news and related layout: The world’s first high-current and high-power industrial and commercial inverter was released, and the MAX 125KTL3-X2 LV industrial and commercial flagship new product was launched.
4. Ginlong
Established: 2005
Company location: Zhejiang
Total market value: 93.1 billion RMB
Official website: https://www.ginlong.com/cn
Company profile: Based on the new energy industry, the company is a high-tech enterprise specializing in the research and development, production, sales and service of string inverters for the core equipment of photovoltaic power generation systems. Inverter enterprise with test report. The company’s R&D team has more than 10 years of technical R&D experience and engineering design experience in the inverter field, and is also one of the important framers and participants of photovoltaic string inverter industry standards.
As a single champion demonstration enterprise in China, Jinlang Technology has owned a number of Chinese authorized patents and pioneering technologies. The products sell well in many countries and regions around the world, and have established global offices and technical after-sales service centers in the United Kingdom, the United States, Australia, Brazil, South Africa, India and other places. Moreover, it becomes one of Top 10 PV inverter suppliers.
The latest news and related layout: Ginlong and C&D Clean Energy signed a strategic cooperation agreement. The agreement stated that under the dual carbon goal.
5. GoodWe
Established: 2010
Company location: Jiangsu
Total market value: 44.3 billion RMB
Official website: http://www.goodwe.com/
Company profile: GoodWe has long been focusing on the research, development, production and sales of new energy power equipment such as solar energy and energy storage. It has developed more than 20 series of photovoltaic inverter products for grid-connected and energy storage, with a power coverage of 0.7- 250kW, the company’s products include grid-connected inverters, energy storage products, SEMS systems and supporting products, etc., which can be used in household, commercial, ground and energy storage, etc.
The full line of photovoltaic inverter products are sold to 100 large-scale global The company has a strong core R&D team of more than 600 people in many countries and regions, and is committed to digitizing and intelligentizing each power station, becoming one of Top 10 PV inverter suppliers.
Latest news and related layout: GoodWe SDT G2 high-current version of household inverter is launched. The inverter realizes current upgrade, protection upgrade, safety upgrade, and super configuration upgrade, which can meet and accommodate various component needs.
6. SMA
Established: 2003
Company location: Beijing
Official website: https://www.sma-china.com/
Company profile: SMA is a wholly-owned subsidiary of SMA Group, the world’s leading manufacturer of photovoltaic inverters. Its products include solar and energy storage inverters of different power levels, electric charging piles, and green hydrogen production and other energy solutions. So far, the company has an installed capacity of more than 85GW and successful application cases in 190 countries around the world.
Its service system covers more than 190 countries. It undertakes more than 4.5GW of power station operation and maintenance service cooperation, and has complete products suitable for different photovoltaic application scenarios. Line and comprehensive solutions, and the field of energy storage inverters has always been at the forefront of the world. SMA’s award-winning technology is protected by more than 1,700 patents and utility model patents. And this company is one of Top 10 PV inverter suppliers.
Latest news and related layout: SMA will build a new factory covering an area of approximately 47,000 square meters at its German headquarters to expand the capacity of inverters used in the ground power station scenario.
7. Power Electronics
Company location: Spain
Official website: http://www.power-electronics.com.cn/news/3.asp
Company profile: Power Electronics is a pioneer in the field of photovoltaic inverters. Its headquarters is located in the new technology development center of Valencia Autonomous Region. The plant area has reached more than 8,000 square meters, and the equipment is more complete. Dust-free laboratory, laboratory benches up to 1.5MW capable of testing load conditions, customer-specific training rooms, state-of-the-art assembly and electronic testing. This company is one of Top 10 PV inverter suppliers.
Latest news and related layouts: PE Electric launches VS65 high voltage soft starter, VS65 is a modular unit device with a variety of configurations, with an effective input voltage range of 2.3KV to 11KV, suitable for most standard high voltage motors.
8. Sineng
Established: 2012
Company location: Jiangsu
Total market value: 70.3 billion RMB
Official website: https://www.si-neng.com/
Company profile: The company has three R&D centers in Shenzhen, Wuxi and Chengdu, and three production bases in Wuxi, Wuxi, Ningxia, and Bangalore, India. Centralized, string, and distributed inverters for each power segment are widely used in large-scale ground, mountain, water, industrial and commercial roofs, and households to meet the diverse needs of customers.
In the field of energy storage, Shangneng Electric provides full-scenario energy storage system solutions, including a full range of 1000V/1500V energy storage converters and system integration products with a variety of centralized and string-type technical routes, targeting the power generation side and power grid. side, user side, microgrid and other multi-scenario applications. It is also one of Top 10 PV inverter suppliers.
Latest news and related layout: All new PCS equipments of Shangneng Electric adopt 1500V 3.45MW energy storage converters. The maximum power can reach 3.45MW, with higher energy density; 1500V integrated design, less equipment, smaller footprint, greatly reducing transportation, installation and operation and maintenance costs.
9. SolarEdge
Established: 2006
Company location: Israel
Total market value: 14.7 billion RMB
Official website: https://www.solaredge.com/
Company profile: Developed a DC optimized converter solution that changed the way solar power was generated and the system was managed. SolarEdge’s smart converter solutions maximize power generation while reducing the cost of generating electricity for solar systems, thereby increasing the return on investment.
On the basis of continuing to promote smart energy, SolarEdge residential, commercial and large-scale solar systems, energy storage and backup power solutions, electric vehicle charging, residential energy management, grid services and virtual power plants, to battery and uninterruptible power system (UPS) solutions and other diversified products to meet the different needs of the energy market. And this company is one of Top 10 PV inverter suppliers.
Latest news and related layout: SolarEdge opens new 2GWh battery factory in South Korea to meet growing battery storage demand.
10. TMEIC
Established: 2003
Company location: Japan
Official website: https://www.tmeic.com/
Company profile: Founded in 2003 from the merger of the industrial systems divisions of Toshiba and Mitsubishi Electric Corporation, the company provides a comprehensive range of unique system solutions including variable frequency drives, motors, photovoltaic inverters for various industrial applications and advanced automation systems) to drive industrial development around the world. TMEIC can provide industrial motors and drives, automation technology, industrial scale UPS systems, photovoltaics, solar inverters, becoming one of Top 10 PV inverter suppliers.
Latest news and related layout: TMEIC’s acquisition of Orbita’s ports and terminals division will enable it to expand its offering to new and existing ports in the form of industry-leading and proven OCR capabilities and an expanded menu of automation options and dock clients. In addition, the existing port and terminal sector will gain greater opportunities for growth and advancement.
Established: 1987
Company location: Shenzhen
Registered capital: 40,441,130,000 RMB
Official website: https://www.huawei.com
Company profile: Founded in 1987, Huawei is the world’s leading provider of ICT (Information and Communication) infrastructure and smart terminals. At present, Huawei has about 195,000 employees, and its business covers more than 170 countries and regions. As of 2011, it provided services for 45 of the 50 largest telecom operators.
Huawei ranked No. 1 in the 2021 Fortune Global 500 list. 44, and later turned to Hongmeng OS, home appliances and self-driving road technology, taking the establishment of Huawei’s ecosystem as a new profit point, and the R&D ratio was once as high as 20%. This company becomes one of Top 10 PV inverter suppliers.
Latest news and related layout:
Huawei has been awarded the world’s first carbon footprint verification statement for inverter products, which is the result of its efforts to reduce carbon emissions, increase the proportion of renewable energy, and promote a circular economy.
Established: 2007
Company location: Anhui
Total market value: 188 billion RMB
Official website: https://www.sungrowpower.com/
Company profile: Sungrow is a national key high-tech enterprise focusing on the research and development, production, sales and service of new energy power equipment such as solar energy, wind energy, energy storage, hydrogen energy, and electric vehicles.
The main products are photovoltaic inverters, wind power converters, energy storage systems, water surface photovoltaic systems, new energy vehicle drive systems, charging equipment, renewable energy hydrogen production systems, smart energy operation and maintenance services, etc., and are committed to providing world-class services. clean energy full life cycle solutions.And it is also one of Top 10 PV inverter suppliers.
The latest news and related layout: In 2021, the PV inverter shipments will be the world’s largest, continue to increase R&D investment, broaden the product spectrum, and fully cover application scenarios such as household, industrial and commercial, and large-scale ground power stations.
Established: 2010
Company location: Shenzhen
Registered capital: 51.95 million RMB
Official website: https://www.growatt.com/
Company profile: It is an enterprise focusing on sustainable energy generation, storage, electricity consumption and energy digitalization. The company designs, develops, and manufactures photovoltaic inverters, energy storage systems, and smart energy management systems. Since its establishment, R&D centers have been established in Shenzhen, Xi’an and Huizhou successively. Relying on the R&D platform and a professional R&D team of more than 500 people, it provides professional distributed energy solutions for users in different countries and regions.
The company has successively set up 34 offices in Germany, the United States, the United Kingdom, India, the Netherlands and other countries and regions, and its business covers more than 150 countries and regions around the world. 1.4 million household, industrial and commercial end users,becoming one of Top 10 PV inverter suppliers.
Latest news and related layout: The world’s first high-current and high-power industrial and commercial inverter was released, and the MAX 125KTL3-X2 LV industrial and commercial flagship new product was launched.
Established: 2005
Company location: Zhejiang
Total market value: 93.1 billion RMB
Official website: https://www.ginlong.com/cn
Company profile: Based on the new energy industry, the company is a high-tech enterprise specializing in the research and development, production, sales and service of string inverters for the core equipment of photovoltaic power generation systems. Inverter enterprise with test report. The company’s R&D team has more than 10 years of technical R&D experience and engineering design experience in the inverter field, and is also one of the important framers and participants of photovoltaic string inverter industry standards.
As a single champion demonstration enterprise in China, Jinlang Technology has owned a number of Chinese authorized patents and pioneering technologies. The products sell well in many countries and regions around the world, and have established global offices and technical after-sales service centers in the United Kingdom, the United States, Australia, Brazil, South Africa, India and other places. Moreover, it becomes one of Top 10 PV inverter suppliers.
The latest news and related layout: Ginlong and C&D Clean Energy signed a strategic cooperation agreement. The agreement stated that under the dual carbon goal.
Established: 2010
Company location: Jiangsu
Total market value: 44.3 billion RMB
Official website: http://www.goodwe.com/
Company profile: GoodWe has long been focusing on the research, development, production and sales of new energy power equipment such as solar energy and energy storage. It has developed more than 20 series of photovoltaic inverter products for grid-connected and energy storage, with a power coverage of 0.7- 250kW, the company’s products include grid-connected inverters, energy storage products, SEMS systems and supporting products, etc., which can be used in household, commercial, ground and energy storage, etc.
The full line of photovoltaic inverter products are sold to 100 large-scale global The company has a strong core R&D team of more than 600 people in many countries and regions, and is committed to digitizing and intelligentizing each power station, becoming one of Top 10 PV inverter suppliers.
Latest news and related layout: GoodWe SDT G2 high-current version of household inverter is launched. The inverter realizes current upgrade, protection upgrade, safety upgrade, and super configuration upgrade, which can meet and accommodate various component needs.
Established: 2003
Company location: Beijing
Official website: https://www.sma-china.com/
Company profile: SMA is a wholly-owned subsidiary of SMA Group, the world’s leading manufacturer of photovoltaic inverters. Its products include solar and energy storage inverters of different power levels, electric charging piles, and green hydrogen production and other energy solutions. So far, the company has an installed capacity of more than 85GW and successful application cases in 190 countries around the world.
Its service system covers more than 190 countries. It undertakes more than 4.5GW of power station operation and maintenance service cooperation, and has complete products suitable for different photovoltaic application scenarios. Line and comprehensive solutions, and the field of energy storage inverters has always been at the forefront of the world. SMA’s award-winning technology is protected by more than 1,700 patents and utility model patents. And this company is one of Top 10 PV inverter suppliers.
Latest news and related layout: SMA will build a new factory covering an area of approximately 47,000 square meters at its German headquarters to expand the capacity of inverters used in the ground power station scenario.
Company location: Spain
Official website: http://www.power-electronics.com.cn/news/3.asp
Company profile: Power Electronics is a pioneer in the field of photovoltaic inverters. Its headquarters is located in the new technology development center of Valencia Autonomous Region. The plant area has reached more than 8,000 square meters, and the equipment is more complete. Dust-free laboratory, laboratory benches up to 1.5MW capable of testing load conditions, customer-specific training rooms, state-of-the-art assembly and electronic testing. This company is one of Top 10 PV inverter suppliers.
Latest news and related layouts: PE Electric launches VS65 high voltage soft starter, VS65 is a modular unit device with a variety of configurations, with an effective input voltage range of 2.3KV to 11KV, suitable for most standard high voltage motors.
Established: 2012
Company location: Jiangsu
Total market value: 70.3 billion RMB
Official website: https://www.si-neng.com/
Company profile: The company has three R&D centers in Shenzhen, Wuxi and Chengdu, and three production bases in Wuxi, Wuxi, Ningxia, and Bangalore, India. Centralized, string, and distributed inverters for each power segment are widely used in large-scale ground, mountain, water, industrial and commercial roofs, and households to meet the diverse needs of customers.
In the field of energy storage, Shangneng Electric provides full-scenario energy storage system solutions, including a full range of 1000V/1500V energy storage converters and system integration products with a variety of centralized and string-type technical routes, targeting the power generation side and power grid. side, user side, microgrid and other multi-scenario applications. It is also one of Top 10 PV inverter suppliers.
Latest news and related layout: All new PCS equipments of Shangneng Electric adopt 1500V 3.45MW energy storage converters. The maximum power can reach 3.45MW, with higher energy density; 1500V integrated design, less equipment, smaller footprint, greatly reducing transportation, installation and operation and maintenance costs.
Established: 2006
Company location: Israel
Total market value: 14.7 billion RMB
Official website: https://www.solaredge.com/
Company profile: Developed a DC optimized converter solution that changed the way solar power was generated and the system was managed. SolarEdge’s smart converter solutions maximize power generation while reducing the cost of generating electricity for solar systems, thereby increasing the return on investment.
On the basis of continuing to promote smart energy, SolarEdge residential, commercial and large-scale solar systems, energy storage and backup power solutions, electric vehicle charging, residential energy management, grid services and virtual power plants, to battery and uninterruptible power system (UPS) solutions and other diversified products to meet the different needs of the energy market. And this company is one of Top 10 PV inverter suppliers.
Latest news and related layout: SolarEdge opens new 2GWh battery factory in South Korea to meet growing battery storage demand.
Established: 2003
Company location: Japan
Official website: https://www.tmeic.com/
Company profile: Founded in 2003 from the merger of the industrial systems divisions of Toshiba and Mitsubishi Electric Corporation, the company provides a comprehensive range of unique system solutions including variable frequency drives, motors, photovoltaic inverters for various industrial applications and advanced automation systems) to drive industrial development around the world. TMEIC can provide industrial motors and drives, automation technology, industrial scale UPS systems, photovoltaics, solar inverters, becoming one of Top 10 PV inverter suppliers.
Latest news and related layout: TMEIC’s acquisition of Orbita’s ports and terminals division will enable it to expand its offering to new and existing ports in the form of industry-leading and proven OCR capabilities and an expanded menu of automation options and dock clients. In addition, the existing port and terminal sector will gain greater opportunities for growth and advancement. 
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