Despite inverter shipments being projected to grow in 2025, the mood in the industry remains tense. S&P Global’s Liam Coman sees an evolving competitive landscape increasingly dominated by Chinese suppliers. With demand shifting to markets like Saudi Arabia, India and emerging residential markets, established players may still be left chasing a slice of a shrinking pie.
Inverter shipments are expected to grow by 13% in 2025, but competition is still intense.
image: Growatt
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