Top 10 Solar Inverter Manufacturers In The World

With the rise of the global energy storage industry, the inverter in the energy storage system is particularly important. Let’s discuss the leading enterprise in the inverter in the global industry.

Because the battery needs to communicate with the inverter, after NPP team’s research and development exploration, the lithium battery support of NPP New Energy also communicates with the mainstream inverters on the market.

The inverter developed by the NPP has been applied in the all-in-one battery, home energy storage, and outdoor power supply.

Huawei Technologies Co., Ltd.

Huawei PV inverter is a high-efficiency and high-reliability PV inverter currently on the market. Huawei makes full use of its long-term accumulation of technology and experience in the field of communications, making Huawei photovoltaic inverters widely used around the world, and has a high reputation in the market.

Huawei Smart PV builds network cloud solutions for optical storage and charging to achieve high-quality safety and high-quality operation and maintenance. Huawei smart PV “1+4+X” solution high-power inverter, one tow two optimizer, intelligent PV management system, intelligent cluster energy storage, charging pile as the core, cooperate with ecological partners, help thousands of industries green transformation.

Sungrow Power Supply Co., Ltd.

China Solar Power Company has been focusing on the field of photovoltaic inverters, and was selected in the 2021 “Illuminating ASIA’s Green Energy” equipment list in the “VIP ASIA AWARDS” hosted by the global news network AVING.

Headquartered in China, Sunpower is a global enterprise committed to competing for the first share of the global PV inverter market. Founded in 1997, Sunpower is a global manufacturer of photovoltaic inverters with cumulative global performance deliveries of more than 135GW (as of December 2020). Last year, Sungrow Power Korea, the South Korean branch of Sungrow Power, achieved more than 1GW of photovoltaic inverter solutions to the South Korean market, achieving more than 2 times the year-on-year growth.

The global leader in optical storage inverters has achieved brilliant results. Sunshine Power was founded in 1997 and listed on the GEM of Shenzhen Stock Exchange in November 2011. The company started with photovoltaic inverters, and gradually formed three main business segments of photovoltaic inverters, energy storage systems, and new energy investment and development, while laying out wind power converters, hydrogen electrolytic cells and other products. The company has a leading position in the global market of photovoltaic inverters and energy storage systems.

In 2022, the company’s global market share of photovoltaic inverters is 23%, ranking second in the world. The market share of energy storage system is 16%, ranking first in the world. In 2023, the company achieved a revenue of 72.25 billion yuan, an increase of 79.5%; Net profit attributable to the parent was 9.44 billion yuan, up 162.7 percent year-on-year. In the first quarter of 2024, the company achieved revenue of 12.61 billion yuan, an increase of 0.3% year-on-year; Net profit attributable to the parent was 2.096 billion yuan, up 39.1% year on year.

SunPower

Founded in 1985, SunPower is headquartered in San Jose, California, and listed on NASDAQ in 2005, with more than 5,000 employees and offices in China, Switzerland, Germany, Italy, Spain, South Korea, the United States, Australia, the United Kingdom, Greece, Israel and the Philippines. Sales in 2010 exceeded $2.2 billion, ranking third in the photovoltaic industry.

SunPower is a photovoltaic company that develops, designs, manufactures and sells efficient and highly reliable solar cells, modules and systems. Based on more than 25 years of experience, the company has designed solar photovoltaic systems to bring good rates of return to civil, commercial, government and power company customers. We provide design, construction and maintenance work for large power stations, and for civil and small commercial customers through our global sales network. We have been setting and breaking world records since our inception, delivering components that are 50% more efficient than conventional components and five times more efficient than some thin film technologies.

SunPower is a photovoltaic company that develops, designs, manufactures and sells efficient and highly reliable solar cells, modules and systems. Based on more than 25 years of experience, the company has designed solar photovoltaic systems to bring good rates of return to civil, commercial, government and power company customers. We provide design, construction and maintenance work for large power stations, and for civil and small commercial customers through our global sales network. We have been setting and breaking world records since our inception, delivering components that are 50% more efficient than conventional components and five times more efficient than some thin film technologies.

Enphase Energy

Founded in 2006, Enphase Energy is a NasdaQ-listed energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions covering solar power generation, home energy storage, and web-based monitoring and control.

Enphase Energy(NASDAQ:ENPH) is a solar microinverter company, which means it makes products that convert energy from solar panels into usable electricity. While solar panels tend to be a commoditized and highly price sensitive product, micro-inverters benefit from being a more mission-critical and technology-driven component of the solar ecosystem.

Enphase Energy’s focus is on providing semiconductor-based micro-inverters that convert energy at the individual solar module level, combined with its proprietary network and software technology to provide energy monitoring and control services. The company primarily sells solutions to distributors who resell them to solar installers, or directly to large installers, Oems, strategic partners, and homeowners. To date, ENPH has delivered more than 30 million microinverters and has deployed approximately 1.3 million Enphase residential and commercial systems in more than 130 countries. Enphase was the first company to successfully commercialize microinverters on a large scale and remains the market leader in their production.

Growatt New Energy

Growatt was founded in 2011 and is headquartered in Shenzhen. In the early days of its establishment, Growatt focused photovoltaic inverter; In 2013, it established subsidiaries in the United States and the United Kingdom; Over the next two years, Growatt began to expand its energy storage business; By 2017, Growatt has ranked among the top ten inverter manufacturers in the world.

Growatt , is the first batch of domestic layout of light storage and business globalization layout of enterprises, is the world’s top ten inverter manufacturers, in 2022, Growatt photovoltaic inverter global shipments ranked fourth; It is also the world leader in the field of household energy storage, according to Frost and Sullivan data, in 2022, Growatt household energy storage inverter in the world accounted for 15.1% of the market share, is the world’s largest user-side energy storage inverter supplier.

Ginlong Technologies

Founded in 2005, Ginlong Technology Co., Ltd. is a high-tech enterprise focusing on the research and development, production, sales and service of series inverters, the core equipment of distributed photovoltaic power generation system. The company’s main product is series inverters, which are indispensable core equipment in solar photovoltaic power generation systems.

It ranks among the top five in the global cluster inverter market share. The products of Ginlong Technology have been widely used in many benchmarking projects and landmark buildings at home and abroad, including the Shanghai World Expo and the Eiffel Tower in Paris, France, and have been awarded the honorary title of “Global TOP Inverter brand” by the authoritative photovoltaic research agency EuPD for many times.

Power Electronics S.L.

Power Electronics, a leading manufacturer of solar inverters for photovoltaic power plants in the Americas, Europe and Oceania, and a global leader in energy storage, reported record 2023 financial results with $1.2 billion in revenue and $228 million in EBITDA.

The significant 75% increase in revenue over 2022 was attributed to the strong performance of the solar and energy storage segment, as well as increased demand from the electric vehicle industry, which brought in $110 million in revenue.

Continuous expansion

These results confirm the continued expansion and financial strength of the multinational, underscoring its continued growth and solvency. With more than 3,000 employees and operations in more than 100 countries at the end of the fiscal year, the company has maintained a steady trajectory of success.

Expanded facilities in Spain and the United States

To consolidate its leadership position and uphold its commitment to providing innovative and high-quality solutions, Power Electronics has unveiled its Strategic plan for 2024-2027. The plan involves investments of more than $330 million to expand capacity in the United States and Spain, while divisions continue to develop innovative, digital and automated production strategies.

As part of the plan, Power Electronics will complete the construction of a new plant in Liria, Valencia, dedicated to its electric vehicle division. In addition, the company will open a new factory in the United States to produce chargers, solar inverters and energy storage inverters to meet the growing demand in these markets.

SMA Solar Technology AG

SMA Solar Technology AG is a leading global provider of solar system solutions and services, including a wide range of solar and energy storage inverters, system solutions for solar and energy storage plants at different power levels, intelligent energy management systems, electric vehicle charging and green hydrogen energy solutions. Founded in 1981, SMA has more than 135 GW of inverter installed capacity and successful applications in more than 200 countries worldwide. They save about 63 million tons of carbon dioxide a year. SMA’s award-winning technology is protected by more than 1,600 patents and utility models. Since 2008, SMA Solar Technology AG has been listed on the main board of the Frankfurt Stock Exchange in Germany (S92) and is included in the German Mid-cap Index (MDAX) and the German technology index TecDax.

Sineng Electric Co., Ltd.

The main business of Shangneng Electric Co., Ltd. is the research and development, production and sales of power electronic equipment; The company’s main products include photovoltaic inverters, active filters and energy storage bidirectional converters. In 2017, the company was awarded the honorary title of Top 50 innovative enterprises in 2017 by the photovoltaic Industry network and the Evaluation Committee of innovative enterprises in the photovoltaic industry.

Shangneng Electric Co., LTD. (Stock code: 300827) business scope includes photovoltaic inverter, energy storage system, power quality management and power station development and other fields.

Products cover 8kW~6800kW each power segment centralized, series, distributed inverter. In the field of energy storage, the company provides full-scene energy storage system solutions, including centralized and serial energy storage converters and system integration products for power generation side, power grid side, user side, microgrid and other scenarios. In addition, in the field of power quality, Shangneng Electric provides a full range of power quality management solutions, including active power filters, static reactive power generators, intelligent power quality correction devices and other products.

SolarEdge Technologies, Inc.

Based in Herzliya, SolarEdge Technologies’ smart inverters and smart energy management solutions are transforming the renewable energy sector. Their manufacturing technologies ensure high efficiency and reliability, driving advances in sustainable energy production and consumption.

SolarEdge Technologies(code: SEDG), a leading provider of inverter solutions across all PV market segments, has invented an intelligent inverter solution that has transformed the way power is collected and managed in solar photovoltaic (PV) systems. The SolarEdge DC optimized inverter system maximizes power generation at the individual PV module level while reducing the cost of energy generated by the solar PV system.

Leave a Reply

Your email address will not be published. Required fields are marked *