Inverters
News from the photovoltaic and storage industry: market trends, technological advancements, expert commentary, and more.
From AI-driven control to wide-bandgap semiconductors, the latest innovations are redefining performance, efficiency, and reliability. This article highlights the newest trends shaping the global solar inverter landscape and the leading companies driving these innovations. 1. Solis (Ginlong Technologies)
Second runner-up Growatt accounted for 7% of market share, replacing SMA which slid down to sixth position. Together, the top three vendors control over half of the world's solar PV inverter market. GoodWe jumped four positions to rank at number five in 2021 owing to large shipments to the Asia Pacific region particularly China and South Korea.
The growth of the market is driven by a large inflow of investments in the renewable energy sector and rise in the number of residential solar rooftop installations. The report covers the inverter market segmented into type, output power rating, output voltage, sales channel, end user, and region.
Solar inverters are undergoing a massive transformation — becoming smarter, more efficient, more powerful, and more grid-supportive than ever before. With brands like Solis, Sungrow, Huawei, Enphase, GoodWe, SMA, SolaX, Luminous, and Servotech leading the charge, the global transition to clean energy is accelerating.
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