New Delhi: Global photovoltaic (PV) inverter shipments grew by 10 per cent to 589 gigawatts alternating current (GWac) in 2024, with Asia Pacific, led by China, accounting for nearly all the growth, according to Wood Mackenzie's Global Solar Inverter Market Share Report 2025. The top 10 global PV inverter vendors accounted for 81% of the market, according to Wood Mackenzie's ' Global solar inverter and module-level power. . Chinese companies made up nine of the 10 largest global inverter suppliers in 2024, with total inverter shipments reaching 589 GW (AC), according to Wood Mackenzie. Chinese conglomerate Huawei was the world's largest inverter supplier in 2024, followed by Sungrow, Ginlong Solis, Growatt, and. . The Asia Pacific region, which includes China, India and Southeast Asia, accounted for 69 per cent of the shipped capacity. Nine of the top 10 PV inverter suppliers are based in China. Huawei and Sungrow. . This report provides insight into the global and regional PV inverter markets, presenting a detailed breakdown of 2024 full-year shipment data, outlining demand trends and shipments by product-type. An outlook for 2025 and 2026 inverter market trends are provided for key global markets, including. .
