World's Top 5 Solar Inverter Manufacturers (2023)

29 Apr.,2024

 

World's Top 5 Solar Inverter Manufacturers (2023)

Solar inverters, also known as PV inverters, are crucial components of the solar power system. The solar modules generate Direct Current (DC) & home appliances need Alternating Current (AC) to run. Solar Inverters convert the DC from modules to usable AC power.

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Presently, there are lots of solar manufacturer brands available in India. In this blog, we will know about the world’s top five solar inverter manufacturers that have established a presence in the Indian solar market.

The top five solar inverter manufacturers:

SolarEdge
• Fronius
Enphase
SMA
Delta

SolarEdge

SolarEdge is a Tier-1 manufacturer of smart energy solar inverters. The headquarter of this globally recognized brand is in Israel & the manufacturing plants are in China, Hungary, Israel, Vietnam, and Korea.

SolarEdge is available in a commercial range of single-phase and three-phase solar inverters with capacities of up to 120 KW. This DC-AC inverter is designed to work with power optimizers, which extract the maximum energy from individual modules, leading to better system performance.

  • Year of Establishment: 2006 in Israel
  • Global Installations: 36.9 GW in more than 133 countries
  • Range of Inverters: Single-Phase (2.2 to 6 kW), Three-Phase (10 kW, 17 kW, 33 kW), SolarEdge Three Phase Inverter with DC Protection (66.6 kW, 100 kW), Synergy Tech. For 277/480V Grid (120kW)

Fronius

Fronius is the leading manufacturer of grid-tie solar inverters. The Innovative designs of Fronius inverters have kept them on the list of best inverters for many years. Fronius’s headquarters are in Austria & the manufacturing units are located in Austria & China.

Fronius is known for its innovative solar inverters, which are available for both residential and commercial segments in India. Fronius solar inverters interact optimally with all solar modules and systems of all sizes.

  • Year of Establishment: 1945 in Austria
  • Global Installations: 12 GW in more than 64 countries
  • Range of Inverters: Primo Series (3 kW to 8.2 kW), Symo Series (3 kW to 20 kW), Eco Series (25 kW to 27 kW), Tauro Series (100kW)

Enphase

The pioneer of the solar microinverters concept, Enphase Energy is a leading solar inverter manufacturer & TIER-1 ranking company globally. Enphase Energy headquarters are in California (USA) & the manufacturing units are in the USA and China. But the major manufacturing facilities are located in the USA.

Enphase Energy is known for the finest solar inverter technology. The latest microinverters, IQ8P & IQ8HC, are available in the Indian market. These inverters come with an array of accessories like monitoring, DC connector, AC Q cables, and 3-phase couplers.

  • Year of Establishment: 2006 in the United State of America
  • Global Installations: over 73 million inverters shipped in more than 150 countries
  • Range of Inverters: IQ8P and IQ8HC Microinverters

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SMA Solar

SMA, one of the oldest solar companies, is world-renowned for its string inverters. The headquarter of SMA Solar is based in Niestetal (Germany) & the manufacturing units are also in Germany.

SMA solar inverters are lightweight, sleek, and efficient. They recently launched their Sunny Boy AV series solar inverter in the market. SMA solar inverters are known for their reliability and are generally considered one of the highest-quality inverters available. SMA Solar’s local service and support are commendable.

  • Year of Establishment: 1981 in Germany
  • Global Installations: over 100 GW in more than 190 countries
  • Range of Inverters: 3 kW to 25 Kw

Delta Solar

Delta is a global leader in solar inverter manufacturing. The headquarter of Delta Solar is located in Taiwan & the manufacturing units are in China, Europe, Japan, Singapore, Thailand, and the U.S.

The inverters manufactured by Delta have high efficiency, long service life, and are very easy to install, maintain and monitor.

Delta offers state-of-the-art high-frequency topology and MPPT-equipped inverters. It includes a Grid-tied range of RPI series from 3KW to 125KW and DelCEN Series 1 MW to 3 MW.

  • Year of Establishment: 1971 in Taiwan
  • Range of Inverters: 2.5 kW to 3 MW

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Top 15 Solar Inverter Manufacturers In the World

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 2023. These companies offer highly competitive products, providing a range of options to choose from.

Read on.

Top 15 Solar Inverter Manufacturers In the World

     ● 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

1. Sungrow Power (China)

Established in 1997, 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 2011, Sungrow Power achieved a significant milestone by entering the top ten list for global PV inverter shipments. Fast forward to 2022, 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: 1997

Website: https://en.sungrowpower.com/

2. Huawei Technologies (China)

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 2013 and quickly gaining recognition by entering the top five in the global market the following year. By 2023, it had achieved the coveted position of world market share leader, with global solar inverter shipments reaching 28,000 megawatts in 2022.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: 1987

Website: https://www.huawei.com/en/

3. Ginlong Technologies (Solis) (China)

Founded in 2005, 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: 2005

Website: https://www.ginlong.com/us

4. Growatt New Energy (China) 

Established in Shenzhen, China in 2011, 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 2022, 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: 2011

Website: https://us.growatt.com/

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5. SMA Solar Technology AG (Germany)

SMA Solar Technology AG, established in 1981 and based in Niestetal, Germany, holds the prestigious position as the world's leading provider of professional inverter production. In 1987, 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 2022, companies such as Sungrow Energy, Ginlong Technology, Huawei Technology, and others successfully surpassed SMA in market rankings. During the first half of 2022, 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: 1981

Website: https://www.sma-america.com/

6. GoodWe (China)

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 2022.

Main Products: String inverters, hybrid inverters, and energy storage inverters.

Location: Suzhou, China

Year founded: 2010

Website: https://en.goodwe.com/

7. Power Electronics (Spain)

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: 2010

Website: https://power-electronics.com/en

8. Sineng Electric (China)

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: 2012

Website: https://en.si-neng.com/

9. SolarEdge Technologies (Israel)

Founded in 2006, 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 2020. 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: 2006

Website: https://www.solaredge.com/

10. TMEIC (United States)

TMEIC, an established company in the United States, is a UL certified provider of power plant-grade 1500V 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: 2003

Website: https://www.tmeic.com/

11. Fimer (Italian)

In 2019, 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: 1983

Website: https://www.fimer.com

12. SofarSolar (China)

Established in 2013, Shouhang New Energy primarily specializes in supplying energy storage inverters and energy storage system solutions.

By 2022, 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: 2013

Website: https://www.sofarsolar.com/

13. TBEA

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: 2000

Website: https://www.tbea.com

14. Enphase Energy (United States)

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: 2006

Website: https://enphase.com/

15. Hisen Power (China)

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: 2014

Website: https://www.hisenpower.com/

Notably, Hisen Power, a prominent company specializing in hybrid inverters, has experienced rapid expansion since the end of 2022 and has gained recognition in the secondary market. As of June 2023, Hisen Power boasts an impressive annual production value of 1 gigawatt-hour (GWh).


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