The year 2022 has witnessed a significant breakthrough in various PV markets in China and worldwide. Most companies, represented by the top five PV inverter manufacturers in China, have achieved significant growth in both performance and shipment volume.
Competing in the intense PV inverter market, there are excellent and dedicated individuals who are making their way into every corner of the world. Below are the top 10 PV inverter companies worldwide in 2022.
Huawei: Leading the Way in ICT Infrastructure and Intelligent Devices
Founded in 1987, Huawei is one of the top 10 PV inverter companies globally and a leading provider of ICT (Information and Communications Technology) infrastructure and smart terminals worldwide.
Huawei is dedicated to bringing the digital world to every individual, household, and organization and constructing an intelligent world of interconnectivity. Huawei's newly launched FusionCharge AC AP07/22N-EU for home charging is the world's first product that supports solar energy for electric vehicle charging. It can be quickly installed indoors and outdoors for fast charging.
Sungrow: A Leader in Clean Energy Solutions
Established on July 11th, 2007, Sungrow is a national high-tech enterprise focusing on the research, development, production, sales, and services of new energy power equipment such as solar energy, wind energy, energy storage, hydrogen energy, and electric vehicles.
Its main products include PV inverters, wind power converters, energy storage systems, floating solar systems, new energy vehicle drive systems, charging equipment, renewable energy hydrogen production systems, intelligent energy operation, and maintenance services. Sungrow is committed to providing world-class services and a full-lifecycle solution for clean energy. The five major fields of wind, solar, storage, hydrogen, and electric vehicles are synchronously developed.
As of 2021 H1, Sungrow's cumulative shipment of PV inverters has reached 182GW, making it the backbone of the company's business and maintaining its leading position in the global ground-based power station market. In the future, the company will seize the opportunity of energy transformation under the carbon-neutral background, strengthen the synergy of wind power and energy storage businesses, and develop the five major businesses synchronously.
Power Electronics: A Leader in AC Motor Control
Power Electronics is a leader in the field of AC motor control in Spain, with more than 20 years of experience in developing soft starters and variable frequency drives. Headquartered in Paterna Technology Park, it is the new technology development center of the Valencia Community.
Power Electronics is also Spain's main producer of soft starters and variable frequency drives. It aims to become the leader in the electrical and electronic market through existing and future strategic plans and provide high-quality, innovative technology research to its customers. Additionally, the professional engineers of the technology department provide comprehensive pre-sales and after-sales services, including debugging support, 24-hour technical assistance, one-day commitment to repair, three-year warranty, immediate delivery, customer training, and professional engineering applications.
Growatt: A Leading New Energy Enterprise
Founded in 2011, Growatt is a new energy enterprise that focuses on the development and manufacturing of solar grid-tied inverters, energy storage systems, intelligent charging piles, and smart energy management solutions. It is one of the top 10 global photovoltaic inverter companies.
Since its establishment, Growatt has always adhered to research and development investment and technological innovation. It has established three research and development centers in Shenzhen, Huizhou, and Xi'an, with dozens of R&D backbone members who have more than 10 years of inverter R&D experience, successfully leading the team to occupy the technology high ground and master the core technology of new energy generation.
Growatt has obtained more than 80 authorized patents. At the end of 2020, Growatt's intelligent industry park was officially completed and put into production in Huizhou. The industrial park covers an area of 200,000 square meters and can provide high-quality products of 20 GW to global customers every year.
Growatt has recently launched reliable, sustainable, and comprehensive smart energy solutions, including Battery Ready household energy storage solutions, commercial inverter MAX 100-125KTL3-X, THOR series intelligent charging piles, and more.
The Battery Ready energy storage solution includes the single-phase MIN 2.5-6KTL-XH series and the three-phase MOD 3-10KTL3-XH series, which features a concise and elegant design that blends seamlessly with other home designs.
Growatt has also exhibited the THOR series intelligent charging piles, including single-phase 3-7 kW, three-phase 11-22 kW, and other models. The THOR series charging piles lead the industry's innovative transformation, combining light storage systems with charging piles to provide customers with intelligent and clean charging solutions.
Ginlong: A High-Tech Enterprise Specializing in PV Inverters
Established in 2005, Ginlong Technology is a high-tech enterprise specializing in the research and development, production, sales, and service of PV inverters for string-connected power generation systems.
After more than a decade of development, Ginlong solis continues to innovate intelligent photovoltaic solutions centered on intelligent string inverters. The company recently launched its full range of household products at the German exhibition.
Among them, the S6-EH3P(5-10)KH has injected a brand new technological concept. It integrates four MPPT inputs and is suitable for multi-structured villa roofs. At the same time, the maximum 16A string input current can be compatible with large current components.
The UPS voltage switching time is less than 10ms, maintaining uninterrupted power supply to critical loads and achieving true non-sense switching and increased parallel function. During off-grid operation, the energy storage system can be used to supplement the battery energy or to supply power to the load at the same time
Goodwe: A Leading Global Solar Inverter and Storage Solutions Provider
Goodwe was founded on November 5, 2010, and is one of the top ten global photovoltaic (PV) inverter companies. It specializes in supplying solar PV inverters and related products such as grid-connected inverters, energy storage products, SEMS systems, and supporting products, which can be applied in residential, commercial, ground-mounted, and energy storage fields. Additionally, Goodwe provides services such as power station system design, troubleshooting, and quality assurance support.
Grid-connected inverters contribute to the main revenue, while energy storage inverters are growing rapidly. The company shipped approximately 238,500 inverters in H1 2021, of which grid-connected inverters accounted for around 217,500 units or 91.19%, and energy storage inverters accounted for about 21,000 units or 8.81%.
It is expected that the grid-connected inverter shipments will reach around 450,000 units, and the energy storage inverter shipments will be around 50,000 units in 2021. The shipment structure is expected to increase to 15%, and optimizing the shipment structure is expected to further improve profitability.
Goodwe offers a complete range of variable frequency products, and its production capacity is continuously expanding. Its inverter products cover a wide range of requirements for homes, poverty alleviation, industry and commerce, and large-scale power stations. The string PV grid-connected inverter covers a power range of 0.7-250 kW, fully meeting the requirements of various PV components and grid-connected networks. The PV energy storage inverter covers a single machine power range of 2.5-10 kW, providing a series of solutions for microgrids and commercial energy storage. Goodwe's Guangde Phase II 500,000 inverter project is currently under construction, and its production capacity is expected to further increase after completion.
Goodwe is transforming from a single new energy power supply equipment company into a comprehensive energy interconnection company. It is developing from a simple new energy power supply equipment company into an energy interconnection company with functions such as power generation monitoring, PV energy storage, peak and valley regulation of electricity demand, and data collection of load electricity demand.
SMA: A Global Leader in Solar System Solutions and Services
As a leading global solar system solution and service provider, SMA Group has been committed to setting industry standards for renewable energy supply.
SMA's products include solar and energy storage inverters of different power levels, charging stations, and green hydrogen energy solutions. So far, the company's inverter installed capacity has exceeded 110 GW, and its products have been successfully applied in 190 countries worldwide.
Sineng: A Leading Power Electronics Manufacturer
Sineng is a national high-tech enterprise specializing in the research, manufacture, and sales of power electronic products. The company deeply cultivates the power electronic power conversion and control field, providing users with PV grid-connected inverters, PV power station operation and maintenance, PV power station development, power quality control, energy storage bidirectional products, and transformation solutions. Its business covers power generation, power supply and distribution, and entire power system usage. Sineng is a leading equipment manufacturer and solution provider in related industries.
SolarEdge: Revolutionizing PV Systems
Founded in 2006, SolarEdge developed DC optimized inverter solutions, changing the way electricity is collected and managed in photovoltaic (PV) systems. Its intelligent inverter solutions maximize energy production while minimizing the cost of energy generated by PV systems, thus increasing return on investment.
Since going public on NASDAQ in 2015, SolarEdge's revenue and gross margin have continued to grow significantly. The company continues to drive intelligent energy through its diverse product portfolio, addressing a wide range of energy sub-sectors such as residential, commercial and large-scale PV, energy storage and backup solutions, electric vehicle charging, home energy management, grid services, virtual power plants, inverter batteries, and uninterruptible power supply (UPS) solutions.
Reportedly, the electricity generated by residential solar installations and SolarEdge battery storage systems can be collected and aggregated by local utilities to support the grid, especially during periods of high power demand.
TMEIC: Advancing Global Industry with Comprehensive Solutions
TMEIC drives global industry forward through its comprehensive system solutions, including variable frequency drives, motors, PV inverters, and advanced automation systems for various industrial applications.
Established in 2003, Toshiba Mitsubishi Electric Industrial Systems Corporation (TMEIC) was formed through the integration of the industrial systems divisions of Toshiba Corporation and Mitsubishi Electric Corporation.
TMEIC is committed to developing collaborative solutions that benefit industries worldwide. With its strong resource integration advantage, TMEIC focuses on developing innovative technologies and quickly responding to industry trends, applying its solutions to a wide range of global industrial markets.
TMEIC's success and achievements are closely related to those of its customers. From design concepts to equipment installation, the company works closely with partners to establish long-lasting relationships, ensuring that challenges are addressed and business objectives are even surpassed.
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