We review the best grid-connect solar inverters from the worlds leading manufacturers Fronius, SMA, SolarEdge, Fimer, Sungrow, Huawei, Goodwe and many more to decide who offers the highest quality and most reliable solar string inverters for residential and commercial solar.
Huawei and Sungrow remained market leaders in 2022, as they have done since 2015, while AISWEI and SOFAR entered the top 10 ranking. The top 10 global photovoltaic (PV) inverter vendors accounted for 86% of the market – an increase of 4% year-over-year, whereas the top 3 players captured 60% of the market share for shipments in 2022.
The US held 13% of the global market in 2022 with 42 GWac of inverter shipments. PV-storage hybrid inverters made up 10% of the country’s shipments as it continues to integrate solar power into the grid.
On the first day of the conference, PVBL’s annual ranking of the Top 20 Global Photovoltaic Inverter Brands was announced. Preferential policies promoted the inverter market growth in 2023. Most of the major inverter companies won a large amount of orders and expanded their capacity with high shipment volume.
For top value from an agile Chinese producer, TOSUNlux is a leader. As a major solar inverter suppliers from China, Sungrow offers industry-leading central and string PV inverters tailored for large and small-scale solar installations. Their extensive R&D and vertical integration enable optimization of cost, efficiency, and reliability.
Building on almost a century of power electronics expertise, Italy’s Fimer has quickly become a leading global provider of solar inverters. Their comprehensive portfolio includes string, central, and large-scale inverters integrating storage and smart grid capabilities.