#1 European PV inverter manufacturer brand*. SMA’s multi-award-winning technology is protected by more than 1,500 patents and utility models. With nearly 40 years experience, SMA is the world’s longest servicing solar inverter manufacturer. Leading global specialist in PV system technology with 100 gigawatts installed in more than 190+ countries.
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.
Nope. Tier ranking (where 1 is the ‘best’ and 3 is the ‘worst’) is based on the “bankability” of a solar panel brand (aka how financially stable a manufacturer is), not its quality. And – tier ranking doesn’t exist for solar inverters, only panels. Run far away from anyone who tries to sell you a “tier 1” inverter!
Most of the major inverter companies won a large amount of orders and expanded their capacity with high shipment volume. Sungrow and Huawei tied for first place in the list with outstanding performance. Sungrow achieved revenue of 27.65 billion yuan in 2023, up 61% year on year, and net profit of 9.4 billion yuan, with shipments of 130 GW.
The full reports for solar modules, energy storage, and inverters are available as free downloads on the Sinovoltaics website. "Due to overcapacity along the solar supply chain, many Tier 1 manufacturers are operating at a loss, resulting in a …