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.”

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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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