Huawei, Sungrow as well as SMA control worldwide inverter market

• Evaluation from Wood Mackenzie reveals international inverter need expanded 18% in 2015. The 10 biggest inverter providers made up 76% of the worldwide profession.

The international solar inverter market expanded 18% in 2019, according to brand-new information from U.S.-owned expert Wood Mackenzie.

The WoodMac experts stated 2 patterns were important: U.S. need ahead of the decrease in the solar Investment Tax Credit at the end of in 2014 as well as an increase popular for the retrofitting of items in functional solar plants.

Asia-Pacific is still the facility of international need although the marketplace decreased somewhat in 2014, according to WoodMac.

Chinese maker Huawei led the area with the leading 3 suppliers unmodified for 5 years. Chinese opponent Sungrow had the 2nd largest piece of the marketplace once more, ahead of German clothing SMA. UNITED STATE firm Power Electronics asserted 4th placement thanks to supremacy in its residential market, even if it shed U.S. market share to Sungrow throughout the year, according to the WoodMac experts.

Italian inverter manufacturer Fimer delighted in the most significant development, reaching 5th after it took control of the solar inverter organisation of Swiss business ABB.

The huge 5 gave up just 1% of their grip on the international market to case 56% of service. WoodMac stated the 10 most significant inverter manufacturers made up 76% of international profession.