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Huawei leads global inverter market as shipments hit 589
Jul 11, 2025 · Chinese companies made up nine of the 10 largest global inverter suppliers in 2024, with total inverter shipments reaching 589 GW (AC), according to Wood Mackenzie.
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FAQS 4
Are Huawei & Sungrow leading the global inverter market?
“ Huawei and Sungrow ranked first and second in the rankings for the 10th consecutive year, combining for 55% of the global inverter market.” Total global inverter shipments reached 589 GW (AC) in 2024, up 10% from 2023.
Who is responsible for the global inverter market?
China was responsible for more than half of all global demand, receiving 330 GW (AC) of shipments, a 14% increase over 2023,” Wood Mackenzie said. “ Huawei and Sungrow ranked first and second in the rankings for the 10th consecutive year, combining for 55% of the global inverter market.”
Why is Huawei a leader in utility scale PV technology?
D.D: Huawei is at the forefront of Utility Scale PV technology, focusing on integrating PV with Energy Storage Systems (ESS) and leveraging cutting-edge materials and technologies. This strategy has significantly improved power supply stability in PV+ESS systems.
Where did global inverter shipments grow in 2024?
Total global inverter shipments reached 589 GW (AC) in 2024, up 10% from 2023. Growth was strongest in the Asia-Pacific region and the Middle East, while shipments dropped by a sharp double-digit percentage in Europe and the United States, according to Wood Mackenzie.
