Huawei tops inverter supply rankings for 2021
Huawei was the world’s largest inverter supplier in terms of shipments in 2021, followed by Sungrow, according to a new report by Wood Mackenzie.
The two companies have held the same positions since 2016, with Huawei securing the top spot for the seventh year in a row. Global PV inverter shipments reachers 225,3 GWac in 2021, up 22% growth from 2021.
“Huawei’s market share stayed at a stable 23% in 2021 while Sungrow ranked a close second at about 21% growing from approximately 19% in 2020,” the analysts said. “Second runner-up Growatt accounted for 7% of market share, replacing SMA which slid down to sixth position. Together, the top three vendors control over half of the world’s solar PV inverter market.”
GoodWe jumped four positions to rank fifth in 2021, due to large shipments to the Asia- Pacific region – particularly China and South Korea, Wood Mackenzie said. “Entering the top 10 list for the first time is Israeli-backed SolarEdge, which secured the ninth spot in 2021, adding about 1,000 MW.
The Asia-Pacific region was once again the biggest market last year, accounting for more than half of total shipments. Europe and the United States had shares of 23% and 14%, respectively.
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[…] Solar power can “trip” the power grid, which could cause a blackout if sufficiently widespread. “Tripping” incidents are tied to the inverters that convert electricity generated by solar, wind and battery storage systems to the power used on the grid. Conventional generators — fossil fuel power plants, nuclear plants and hydropower dams — do not require inverters. China’s dominance also extends into inverters, where Huawei is the largest producer in the world. […]
[…] Huawei encabeza de nuevo el ranking de suministro de inversores para 2021: La empresa china es, por séptimo año consecutivo, el mayor proveedor de inversores del mundo, seguida de Sungrow y Growatt, según Wood Mackenzie. […]
[…] von pv magazine International […]
[…] Solar power can “trip” the power grid, which could cause a blackout if sufficiently widespread. “Tripping” incidents are tied to the inverters that convert electricity generated by solar, wind and battery storage systems to the power used on the grid. Conventional generators — fossil fuel power plants, nuclear plants and hydropower dams — do not require inverters. China’s dominance also extends into inverters, where Huawei is the largest producer in the world. […]