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18 July , Ningbo, China: Solis Inverters (the company), a global powerhouse in the solar energy industry, has been acknowledged as the world&#;s no.3 solar by shipments, according to Wood Mackenzie. This outstanding recognition reaffirms Solis' dedication to technological innovation, product quality, and commitment to a sustainable future.
In , Solis experienced an exceptional year of growth, marked by the inauguration of a brand-new factory featuring state-of-the-art, automated production lines. This expansion allowed the company to bolster its manufacturing capacity significantly, enabling us to serve an even larger customer base worldwide. In a year marked by multiple challenges, the firm has gained share based on the strong backing of its partners and customers to deliver on time.
In , when it comes to the top 5 firms globally, Solis has grown 86% over , by far the fastest growth in the group. More importantly, this growth came on a significant 61% growth in over , indicating the strong sales network and brand recognition the firm has built up.
"Solis ranked 3rd largest PV inverter manufacturer globally for the second consecutive year." stated Sandy Woodward at Solis Inverters. "We couldn't have achieved this without our + strong global team's commitment to excellence. As we expand our manufacturing capacity further, we are well-positioned to continue on a path of growth, dedicated to contributing to a zero-carbon future."
This latest data comes on the back of many awards and accolades for Solis over the last 18 months. The company was presented the &#;top inverter brand &#; seal for Belgiumby respected global market research organisation,EUPD Research; having gained the same seal for the Netherlands and South Africa. This marks the eighth year running in which Solis has been recognised by EUPD, based on 100,000 interviews across more than 50 countries.
With a presence in over 100 countries worldwide, Solis Inverters rapid ascendence in the rankings is a reward for its responsiveness to market needs, with overall manufacturing capacity set to exceed 80 GWs by the close of . Solis has remained focused on a model where the firm fully backs local sales, marketing, training, engineering, and service support for clients, ensuring high satisfaction levels and brand pull even in newer markets.
About Solis:
Established in and listed on the Shenzhen Stock Exchange (. SZ), Ginlong (Solis) Technologies is one of the largest and most experienced global solar inverter manufacturers. The company provides cost-effective solutions for homes, businesses and large-scale power plants; delivering value at every level of the solar supply chain and appealing to homeowners and businesses, as well as electricity producers and renewable energy investors globally. Combining a global supply chain with world-class R&D and manufacturing capabilities, validated under the most stringent international certification, Ginlong optimises Solis inverters for each regional market, serving and supporting its customers with a team of local experts. The company aims to work with stakeholders to accelerate the world's journey towards a more sustainable future.
A solar inverter is a crucial device that plays a pivotal role in solar energy systems by converting DC power generated from solar panels into usable AC power for the load. It serves as one of the core components and is considered the most intricate part of solar energy storage. Hence, selecting the right solar inverter holds significant importance.
Keeping this in mind, we have compiled a list of 15 global solar inverter manufacturers in . These companies offer highly competitive products, providing a range of options to choose from.
Read on.
&#; Sungrow Power
&#; Huawei Technologies
&#; Ginlong Technologies
&#; Growatt New Energy
&#; SMA Solar Technology AG (Germany)
&#; GoodWe
&#; Power Electronics
&#; Sineng Electric
&#; SolarEdge
&#; TMEIC
&#; Fimer
&#; SofarSolar
&#; TBEA
&#; Enphase Energy
&#; Hisen Power
Established in , Sungrow Power stands as one of China's pioneering photovoltaic (PV) companies, with a primary focus on research and development, production, and sales of PV inverters. The company operates in two key areas: power plant investments and power conversion equipment, including PV inverters.
In , Sungrow Power achieved a significant milestone by entering the top ten list for global PV inverter shipments. Fast forward to , Sungrow Power emerged as the global leader in the PV inverter market, surpassing all competitors with nearly 8 gigawatts (GW) of shipments.
Main Products: String inverters, central inverters, and energy storage inverters.
Location: Anhui, China
Year founded:
Website: https://en.sungrowpower.com/
Huawei Technologies, headquartered in Shenzhen, Guangdong Province, is a renowned global information and communications technology (ICT) solutions provider. The company specializes in ICT infrastructure and smart terminals.
Compared to SunPower, Huawei is a "newcomer" to the PV inverter sector, having launched its first PV inverter in and quickly gaining recognition by entering the top five in the global market the following year. By , it had achieved the coveted position of world market share leader, with global solar inverter shipments reaching 28,000 megawatts in .Main Products: String inverters, central inverters, and smart PV solutions.
Main Products: String inverters, central inverters, and smart PV solution
Location: Shenzhen, China
Year founded:
Website: https://www.huawei.com/en/
Founded in , Ginlong Technology Co., Ltd. is a high-tech enterprise centered around the new energy industry. It specializes in the research and development, production, sales, and service of string inverters, which serve as crucial components in photovoltaic power generation systems. Notably, Ginlong holds the distinction of being the first Chinese A-share listed company with string inverters as its primary business segment. Additionally, it holds the distinction of being the world's first inverter company to obtain the reliability test report from PVEL, a highly regarded third-party authority.
Solis is the brand of Ginlong solar inverter
Main Products: String inverters, hybrid inverters, and energy storage inverters.
Location: Zhejiang, China
Year founded:
Website: https://www.ginlong.com/us
Established in Shenzhen, China in , Growatt is a prominent company specializing in the design, development, and manufacturing of PV inverters, energy storage systems, and smart energy management systems. It primarily caters to household, commercial, and industrial end-users globally.
Within Growatt's three primary business segments, PV inverters take the lead as the top business segment. In , it generated sales revenue of 3.898 billion yuan, positioning Growatt as the fourth-largest PV inverter supplier in the world.
Main Products: String inverters, hybrid inverters, and energy storage inverters.
Address: Shenzhen, China
Year founded:
Website: https://us.growatt.com/
SMA Solar Technology AG, established in and based in Niestetal, Germany, holds the prestigious position as the world's leading provider of professional inverter production. In , SMA pioneered the launch of the world's first PV inverter and has since been a stalwart in the European market for several decades.
While SMA had previously held the title of the world's third-largest inverter supplier, in , companies such as Sungrow Energy, Ginlong Technology, Huawei Technology, and others successfully surpassed SMA in market rankings. During the first half of , SMA recorded sales of less than 5.8 gigawatts (GW) of PV inverter production.
Main Products: String inverters, central inverters, and battery inverters.
Location: Germany
Year founded:
Website: https://www.sma-america.com/
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GoodWe is a comprehensive solution provider with PV inverters at its core. With 13 years of industry experience, the company has been dedicated to the research, development, production, and sales of solar energy, energy storage, and other new energy power equipment. Its products have reached over 100 countries and regions worldwide. Notably, according to WoodMackenzie, GoodWe secured the sixth position in global inverter shipments in .
Main Products: String inverters, hybrid inverters, and energy storage inverters.
Location: Suzhou, China
Year founded:
Website: https://en.goodwe.com/
Power Electronics holds the esteemed position as the foremost manufacturer of soft starters and frequency converters in Spain. Moreover, it stands as the global leader in manufacturing energy storage power conversion systems and holds a prominent position as a solar inverter manufacturer for photovoltaic plants across Europe, Oceania, Asia, and the Americas. Power Electronics also commands the largest market share in the Spanish PV inverter market.
Main Products: Soft starters and frequency converters, energy storage power conversion systems, solar inverters
Location: Spain
Year founded:
Website: https://power-electronics.com/en
Sineng Electric business scope encompasses a wide range of fields, including PV inverters, energy storage systems, power quality management, and power plant development.
The primary focus of Sineng Ltd. lies in the production of string-type inverters, primarily catering to the household and distributed markets. Additionally, Sineng Electric also offers bulk inverter products, expanding its offerings to meet diverse customer needs.
Main Products: PV inverter, energy storage system, power quality control, plant development and other fields
Location: Wuxi, China
Year founded:
Website: https://en.si-neng.com/
Founded in , SolarEdge is an Israel-based global leader in smart energy technology. The company offers comprehensive solutions for distributed solar power optimization and PV system monitoring. Its diverse range of products and services includes PV inverters, power optimizers, PV monitoring solutions, software tools, and electric vehicle chargers.
In recent years, SolarEdge has made significant additions to its portfolio of PV inverters, amounting to approximately 1,000 megawatts alternating current (MWac) since . The company places particular emphasis on serving the European market, demonstrating its commitment to providing cutting-edge solutions to customers in that region.
Main Products: String inverters, power optimizers, and monitoring platforms.
Location: Israel
Year founded:
Website: https://www.solaredge.com/
TMEIC, an established company in the United States, is a UL certified provider of power plant-grade V PV inverters. With a focus on innovation, the company designs and develops state-of-the-art solar PV inverters, also known as Power Conversion Systems (PCS), which offer exceptional performance, high efficiency, and a compact footprint. TMEIC's inverters are designed to meet the rigorous demands of power plants, ensuring reliable and efficient operation in the solar energy sector.
Main Products: PV Inverters (Power Conversion Systems), Industrial Motors and Drives, Industrial Automation Systems, Power Electronics Equipment
Location: USA
Year founded:
Website: https://www.tmeic.com/
In , the Swiss industrial giant ABB Group divested its photovoltaic inverter business to the Italian company Fimer SpA. This transaction positioned Fimer as one of the leading global suppliers of solar inverters.
Main Products: String inverters, central Inverters, microgrid solutions, BESS solutions, monitoring and control, software tools
Legacy Inverters
Location: Italian
Year founded:
Website: https://www.fimer.com
Established in , Shouhang New Energy primarily specializes in supplying energy storage inverters and energy storage system solutions.
By , Shouhang New Energy's sales of PV inverters in Italy surpassed twice the total annual installed PV demand of the entire country. Additionally, its sales in Poland account for 40% of the entire Polish market.
Main Products: Single-phase solar inverters, three-phasesolar inverters, and energy storage system solutions.
Location: Shenzhen, China
Year founded:
Website: https://www.sofarsolar.com/
TBEA is dedicated to offering environmentally friendly and clean solutions for the global energy industry. They provide a range of products and services, with a focus on solar photovoltaic inverters. TBEA primarily targets the Indian market.
Main Products: String inverters, central inverters, and hybrid inverters.
Location: Shanxi, China
Year founded:
Website: https://www.tbea.com
Enphase is the world's largest manufacturer of microinverters for the residential and commercial markets in North America, Europe and Australia.
Main Products: Microinverters, energy storage systems, and monitoring software
Location: United States
Year founded:
Website: https://enphase.com/
Hisen Power is an energy storage manufacturer based in Suzhou, China, focusing on the development, production and sales of residential energy storage systems. The company has top engineers from the world's top solar inverter and battery companies and over 10 years of industry experience.
Main Products: Hybrid inverter, residential energy storage system, home storage battery
Location: Suzhou, China
Year founded:
Website: https://www.hisenpower.com/
Notably, Hisen Power, a prominent company specializing in hybrid inverters, has experienced rapid expansion since the end of and has gained recognition in the secondary market. As of June , Hisen Power boasts an impressive annual production value of 1 gigawatt-hour (GWh).
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