Last Updated on 24th May 2023
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According to statistics, the total global photovoltaic inverter shipments in 2022 reached 326.6GW, an increase of 110.7GW from the previous year, with an annual growth rate of approximately 51.3%. In 2023, the global photovoltaic inverter shipments are expected to reach 381.40GW, so we can see that the growth trend of inverter shipments is obvious.
So what are the major inverter companies around the world? This article will introduce you to the global top 10 best solar inverter brands in 2023.
Here are the global top 10 best solar inverter brands in 2023. Rank in no particular order.
Ranking
Company name
1
Sungrow
2
Huawei
3
TYCORUN
4
Ginlong
5
Growatt
6
SMA
7
SolarEdge
8
Sineng
9
GoodWe
10
Sofar solar
And for the parameter details of inverters of different wattage, you can refer to the table below:
500w
1000w2000w
3000w
Product image
Price & Discount
$49.9(-29%)
$98.99(-29%)
$199.90(-20%)
$229.00(-23%)
Rated Input Voltage
12VDC
12VDC
12VDC
12VDC
Continuous Power
500w
1000w
2000w
3000w Peak Power
1000w
2000w
4000w
6000wMore information
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500w inverter
to get the details
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1000w inverter
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2000w inverter
to get the details
Click
3000w inverter
to get the details
Established date
1997
Global headquarter
Hefei, Anhui, China
Registered capital
RMB 1,485,150,984
Company website
cn.sungrowpower.com
Sungrow Co., Ltd. is a national high-tech enterprise focusing on the research and development, production, sales and service of new energy power equipment such as solar energy, wind energy, energy storage, hydrogen energy, and power wheels battery.
The main products include photovoltaic inverters, wind power converters, energy storage systems, surface photovoltaic systems, new energy vehicle drive systems, charging equipment, renewable energy hydrogen production systems, smart energy operation and maintenance services, etc., and are committed to providing one-stop solution for clean energy.
The company provides 10~8800kW inverter equipment, covering all scenarios including household, distributed, large-scale ground/water surfaces, efficient power generation, smart and friendly, safe and reliable service.
The core product, photovoltaic inverters, has passed certification and testing by many international authoritative certification agencies such as TÜV, CSA, and SGS, and has been sold in batches to more than 150 countries and regions around the world.
As of the end of December 2022, the company has achieved a cumulative installed capacity of inverter equipment exceeding 340GW in the global market. In addition to inverters, it also provides wind power conversion and transmission products, energy storage systems, surface photovoltaic systems, new energy vehicle drive systems, charging equipment and renewable energy hydrogen production systems.
In August 2023, Australia's ZEN Energy visited Sungrow. The two companies exchanged views on further deepening collaborative innovation in the Australian GPS grid connection field, new energy grid technology and optical storage projects, and signed a strategic cooperation agreement.
Established date
2021.6.7
Global headquarter
Shenzhen, Guangdong, China
Registered capital
RMB 3 billion
Company website
solar.huawei.com
Huawei Digital Energy Technology Co., Ltd. was established on June 7, 2021. It provides energy solutions that fully meet the application scenarios of the ICT industry, including full-scenario smart sites from fixed network to wireless, and smart data centers from edge to cloud, helping telecommunications and tower operators to achieve green, efficient, safe, reliable and intelligent operation and maintenance, and support the smooth evolution of ICT networks to 5G and all-platform.
In the field of smart photovoltaics, according to IHS Markit and Wood Mackenzie report data, Huawei Smart Photovoltaics has ranked first in the global market for six consecutive years since 2015.
According to the Wood Mackenzie market report, Huawei's inverter shipments accounted for 23% of the global market in 2020. Huawei Smart Photovoltaics currently has three technical support centers, 130+ logistics centers, 300+ sales partners, 600+ certified installers, and 12 R&D centers around the world.
It provides one-stop solutions for household scenarios, industrial and commercial, and smart photovoltaic power stations. Its products include smart photovoltaic controllers, management systems, smart string energy storage systems, controllers, and so on.
On the power generation side, Huawei Smart Photovoltaics further deeply integrates new ICT technologies such as AI and cloud with photovoltaics to create smart photovoltaic power stations with "efficient power generation, intelligent operation and maintenance, safety and reliability, and grid-friendly".
On the power consumption side, based on the concept of "active safety and better cost of electricity", Huawei launches green power solutions for enterprises; in home scenarios, Huawei launches 24-hour green power solutions for clean power all day long.
Established date
2019
Global headquarter
Guangzhou, Guangdong, China
Company website
www.tycorun.com
For more information, please visit grid-tied ac coupled inverter.
TYCORUN is a Chinese high-tech lithium ion battery and inverter manufacturing company that provides reliable and safe customized solutions for special lithium battery systems and lfp battery products for global users.
TYCORUN 3000w inverter pure sine wave delivers outstanding performance for back-up power and off-grid system, which is widely used in emergencies or household. The advanced pure sine wave technology provide cleaner, smoother and more reliable power for sensitive equipment without any interference. Brilliant design using top electronic materials makes it safe, stable with long service life.
(Click the picture for product details)
As one of the best solar inverter brands in China, TYCORUN's full series of inverters comply with ETL safety regulations and have passed various certifications such as UL458, PSE, CE, FCC, UKCE, etc., which guarantees the product safety.
The inverters have all come with voltage stabilization function, supports fast charging, and has low no-load current (0.6A), with LCD LED display, which can detect voltage, power and other values in real time with an accuracy of 98%, which is at the leading level in the industry.
(Click the picture for product details)
Established date
2005
Global headquarter
Ningbo, Zhejiang, China
Registered capital
RMB 137.99 million
Company website
www.ginlong.com
Ginlong Co., Ltd. was founded in 2005. The company is a high-tech enterprise specializing in the research and development, production, sales and service of string inverters, the core equipment of photovoltaic power generation systems. It is the third largest inverter manufacturer in the world and the first that has obtained the reliability test report from PVEL.
As a national individual champion demonstration enterprise and a national technological innovation demonstration enterprise, Ginlong has a number of global authorized patents and pioneering technologies.
The products are sold in many countries and regions around the world, and they have set up global offices and technical after-sales service centers in the United Kingdom, the United States, Australia, Brazil, South Africa, India, Mexico, Spain, the Netherlands, and Romania.
Ginlong's solutions include household, industrial and commercial solutions, ground solutions, energy storage solutions, etc. The inverter products mainly include single-phase photovoltaic inverters, small three-phase photovoltaic inverters, large three-phase photovoltaic inverters, energy storage inverters, etc.
Established date
2011.3.3
Global headquarter
Shenzhen, Guangdong, China
Registered capital
RMB 426.394053 million
Company website
www.growatt.com
Founded in 2011, Growatt is an enterprise focusing on sustainable energy power generation, electricity storage, electricity consumption and energy digitalization. The company designs, develops, and manufactures photovoltaic inverters, energy storage systems, and smart energy management systems, providing high-quality, full-scenario distributed energy solutions for global households and industrial and commercial users.
The company has established a total of 42 marketing service outlets in more than 22 countries and regions including Germany, the United Kingdom, the Netherlands, the United States, Brazil, Australia, and India. And subsidiaries in Spain, France, Brazil, the United Arab Emirates, Singapore, and South Africa to provide global customers with Localized services.
For more than ten years, Growatt's business has covered more than 180 countries and regions around the world, and its independently developed OSS intelligent operation and maintenance cloud platform has connected approximately 2.1 million household and industrial and commercial end users around the world.
According to the S&P Global report, Growatt has become the world's fourth largest photovoltaic and energy storage inverter supplier in 2022, and household photovoltaic inverters ranked first in the world.
Growatt's inverter products cover household, industrial and commercial and ground photovoltaic inverters, and can provide one-stop solutions for household photovoltaics, small and medium-sized industrial and commercial photovoltaics, large ground photovoltaics, large industrial and commercial photovoltaics, and parks.
Established date
1981
Global headquarter
Niestetal, Germany
Sales in 2022
€1,065.9 million
Company website
www.sma-china.com
SMA is the world's leading provider of solar system solutions and services and one of the best solar inverter brands in Germany. It was founded in 1981 and went public in 2008.
Since its establishment 42 years ago, SMA has been at the forefront of the industry with its breakthrough inverter technology and more than 1,700 patents, organically combining photovoltaics with energy storage, electronic mobility and other categories and integrating them into the entire system.
SMA's products include solar inverters, total solutions for solar and energy storage systems for different power levels, smart energy management systems, and charging solutions for electric vehicles such as golf cart battery and green hydrogen production applications.
To date, the company has more than 120GW of inverter installed capacity, and its products have been successfully applied in more than 190 countries around the world.
Established date
2006
Global headquarter
Delaware, United States
Company website
www.solaredge.com
Founded in 2006, SolarEdge is a global leader in high-performance smart energy technology and one of the best solar inverter brands in United States. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy products and solutions that power lives and drive future progress.
SolarEdge's intelligently optimized inverter solutions have made it the number one inverter company by revenue for 4 consecutive years. SolarEdge addresses a broad range of energy market segments through PV, energy storage, EV charging, batteries, electrical vehicles and grid services solutions.
The SolarEdge DC-coupled architecture maximizes PV power generation, solar energy storage and self-consumption, hence lowering the overall cost of energy produced by PV systems.
SolarEdge’s solutions and global distribution support the worldwide transition from centralized, fossil fuel-based energy to clean, distributed and renewable power generation and consumption.
Established date
2012.3.30
Global headquarter
Wuxi, Jiangsu, China
Registered capital
RMB 355.9486 million
Company website
www.si-neng.com
Sineng Co., Ltd. is a high-tech enterprise specializing in the R&D, manufacturing and sales of power electronic products. Its business covers photovoltaic inverters, energy storage systems, power quality management and power station development.
It is committed to green technology solutions, currently has four major R&D centers in Shenzhen, Wuxi, Suzhou, and Chengdu, and three major production bases in Wuxi, Jiangsu, Wuzhong, Ningxia, China and Bangalore, India.
In the field of photovoltaic, Sineng provides full-scenario photovoltaic power generation solutions. The products cover photovoltaic inverters in the full power range from 3kW to 8800kW. They are widely used in various scenarios such as large-scale ground, mountain, water, industrial and commercial rooftops, and household applications to meet the diverse needs of customers.
In the field of energy storage, Sineng provides full-scenario energy storage system solutions, a full range of 1000V/1500V energy storage converters and system integration products with centralized and string technology routes, targeting the power generation side, grid side, multi-scenario applications such as user side and microgrid.
In the field of power quality, Sineng provides full-scenario power quality management solutions, including a full range of products such as active power filters, static var generators, and dynamic voltage restorers, which are used in communications, medical care, rail transit, petroleum and petrochemicals, metallurgy, photovoltaics, semiconductor and so on.
Established date
2010
Global headquarter
Suzhou, Jiangsu, China
Registered capital
RMB 172.8875 million
Company website
www.goodwe.com
GoodWe Technology Co., Ltd. was established in 2010 and is headquartered in Suzhou High-tech Zone. It is a company based on the conversion, energy storage conversion and energy management of new energy power equipment, with the core of reducing electricity costs and improving electricity efficiency.
It focuses on the independent research and development, production, sales and service for the purpose of energy multi-energy complementation and energy value creation. Its main business products include photovoltaic grid-connected inverters, photovoltaic energy storage inverters, and intelligent data collector and SEMS smart energy management system.
It has developed more than 20 series of photovoltaic inverter products across the full range of grid-connected and energy storage products, with power ranging from 0.7 to 320kW, committed to providing overall solutions such as smart energy management for households, industrial and commercial users and ground power stations.
The full range of GoodWe photovoltaic inverter products are sold on a large scale to more than 100 countries and regions around the world.
Established date
2013.6.7
Global headquarter
Shenzhen, Guangdong, China
Registered capital
RMB 371.134 million
Company website
cn.sofarsolar.com
Since its establishment in 2013, Sofar Solar has experienced several cyclical fluctuations in the photovoltaic industry. Sofar Solar has always focused on the field of solar power equipment, taking technological innovation as the core driving force for business development, and continues to make progress in new energy power conversion, storage and management.
The company continues to explore power conversion topology and innovative control technology, and combines the performance advantages of third-generation power semiconductor devices to effectively improve the performance indicators of the converter.
Through the integration of multiple technologies such as multi-level, magnetic integration and patented drive timing, the peak power generation efficiency of the device product system has been increased to 98.4%.
The main inverter products can cope with more than 30 types of grid voltage harmonics, and can support access to weak grids with an AC output short-circuit ratio of 1.2. The fastest local/remote rapid active power adjustment and reactive power support can be responded to in less than 100 milliseconds, the voltage and current acquisition accuracy reaches 100mV and 10mA respectively.
Through the onboard MCU, real-time monitoring and protection of key components inside the device, as well as the recording of key information before and after the fault occurs and the extraction of fault characteristics are completed. The time accuracy reaches 100 microseconds, and the failure of the device is analyzed, and the typical diagnostic coverage of key devices can reach more than 90%.
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