About Huawei photovoltaic panel leading stock ranking
The top five vendors – Huawei, Sungrow, Ginlong Solis, Growatt, and GoodWe – shipped more than 200 GWac and accounted for 71% of total global PV inverter shipments in 2022, growing 8% from 2021. Huawei’s shipments saw a significant increase of 83% in 2022 compared to 2021, while Sungrow’s shipments expanded 56% in the same period.
The top five vendors – Huawei, Sungrow, Ginlong Solis, Growatt, and GoodWe – shipped more than 200 GWac and accounted for 71% of total global PV inverter shipments in 2022, growing 8% from 2021. Huawei’s shipments saw a significant increase of 83% in 2022 compared to 2021, while Sungrow’s shipments expanded 56% in the same period.
In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market. Huawei was followed by Sungrow Power Supply and Ginlong Solis in the.
Chint (Astonergy), Tongwei, Canadian Solar, Risen Solar, DAS Solar, GCL SI and First Solar were among the top five to ten. A total of 18 Chinese companies were selected in the top 20 list, with a total output of more than 440GW in 2023, gradually taking over the global PV module market with their unique advantages.
Sungrow and Huawei tied for first place in the list with outstanding performance. Sungrow achieved revenue of 27.65 billion yuan in 2023, up 61% year on year, and net profit of 9.4 billion yuan, with shipments of 130 GW. Meanwhile, Huawei’s revenue reached 52.607 billion yuan, a new high compared to its revenue of 50.8 billion yuan in 2022.
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 .
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6 FAQs about [Huawei photovoltaic panel leading stock ranking]
What is the global photovoltaic inverter shipment volume market ranking in 2022?
Recently, the globally authoritative research institution S&P Global released the shipment volume market ranking for global photovoltaic inverters in 2022. Chinese companies continue to dominate this ranking, with Sungrow maintaining its position at the top, followed by Huawei and Ginlong Technologies in the second and third places.
What is the market share of Huawei & Sungrow?
Huawei and Sungrow covered 52% of the market cumulatively - an increase from 44% in 2021. Huawei held the number 1 position for market share with an increase in shipments from 23% in 2021, to 29% in 2022. Sungrow ranked second with 23% in 2022, growing from 21% in 2021.
How pvbl ranked the top 20 global photovoltaic inverter brands in 2023?
On the first day of the conference, PVBL’s annual ranking of the Top 20 Global Photovoltaic Inverter Brands was announced. Preferential policies promoted the inverter market growth in 2023. Most of the major inverter companies won a large amount of orders and expanded their capacity with high shipment volume.
Who has the largest PV inverter market shipments in 2022?
In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market. Huawei was followed by Sungrow Power Supply and Ginlong Solis in the second and third position respectively, based on shipments. Get notified via email when this statistic is updated. * For commercial use only
How long does a Huawei PV inverter account last?
The account requires an annual contract and will renew after one year to the regular list price. In 2022, Huawei had the largest PV inverter market shipments worldwide, accounting for some 29 percent of the market.
Why is PV inverter market booming?
The report reveals that the top 10 PV inverter vendors accounted for 86% of the market share, representing a 4% increase from the previous year. The strong growth in PV inverter shipments can be attributed to the increased global demand for solar energy, which rose to 201 GWac in 2022.
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