Overview
Understanding the Top 10 Solar Inverter Manufacturers in the World 2024 will help you quickly develop a market purchasing concept for solar inverters.
Solar inverters play a crucial role in solar power generation systems, as they are responsible for converting the direct current generated by solar panels into the alternating current required for household and industrial equipment. This type of converter is not only safe and reliable, but also uses clean and renewable solar energy as energy, which is of great significance for promoting energy innovation and meeting energy needs of different scales.
The use of solar inverters not only reduces energy and maintenance costs, but also helps to reduce environmental impacts, such as greenhouse gas emissions. With the rise of clean energy economy, enterprises and households can utilize solar inverters of different specifications to achieve energy self-sufficiency and enhance independence.
In addition to standard inverter products, manufacturers have also launched a variety of technologically advanced inverter models and related solar products, providing more environmentally friendly and intelligent solutions for various applications of photovoltaic inverters.
If you are interested in solar inverters and want to learn more about top brands in the market, you may continue to read. This article will introduce you to the top 10 solar inverter manufacturers in the world based on data from June 2024
Table of Contents
What is a solar inverter?
Although it may not be the most prominent part, solar inverters play a crucial role in household solar panel systems. The main function of solar inverters is to convert direct current (DC) into alternating current (AC), which is the form of electrical energy required for household appliances. Without it, the electricity generated by solar panels cannot be used by the load.
Choosing the appropriate solar inverter may be a challenge, as in most cases, solar installers will be responsible for this process, and customers may have limited technical options. However, it is also beneficial for you to first understand the different types of inverters, so that you can make wiser choices according to your own needs.
When evaluating the performance of inverters, we read and compared numerous technical specifications of inverters, and had in-depth discussions with engineers and industry experts to determine their true performance and advantages.
The DC power optimizer is a popular add-on component that can be installed together with a series inverter to improve the efficiency of solar systems. Although we did not conduct actual testing on these inverters, through research and professional advice, we can evaluate and compare them.
Let’s take a look together now.
How do we evaluate the best solar inverter
We conducted in-depth research on the top 10 solar inverter manufacturers in the world and collected data from various categories for detailed comparison. The selection of solar inverters needs to be determined based on specific circumstances, which is a personalized process. Without on-site consultation, it is difficult to find the most suitable inverter for your needs.
Therefore, we are committed to evaluating and comparing these inverters in a relatively objective way to identify the best in the market.
Our evaluation is based on a comprehensive consideration from multiple perspectives, and we have assigned weights to each category, which reflect the importance we believe to ordinary consumers. After conducting thorough research and communicating with some experts in the field, we have obtained the evaluation ranking in this article and ensured the fairness and accuracy of the evaluation results.
Evaluate elements
- Guarantee
- Efficiency
- Price
- Company reputation
- User interface design
- Applications for consumer use
- Inverter size selection
Top 10 solar inverter manufacturers in the world
1. Huawei Technologies Co., Ltd.
Established in 1987
Location: Shenzhen, Guangdong Province, China
Huawei is a globally renowned Chinese manufacturer with a wide range of business and leading 5G technology. Huawei provides intelligent photovoltaic design solutions specifically for commercial, residential, and utility applications.
Huawei inverters are increasingly popular among GycxSolar‘s customer base for consultation.
The Huawei inverter product portfolio includes intelligent series inverters and digital photovoltaic solutions for various purposes, with the following important features:
- 4/6/9/10 MPPT maximum power point tracking setting, suitable for different design layouts
- 8/12/18/20 series, used for quick troubleshooting and intelligent monitoring
- Artificial intelligence AFCI (arc fault circuit breaker) can reduce fire risk
- Improved safety, failure rate<0.5%
2. Growatt New Energy
Established in 2011
Location: Shenzhen, Guangdong Province, China
Growatt is a leading inverter brand with over 3.8 million inverters shipped and systems installed in over 150 countries/regions.
Growatt’s intelligent energy solutions include energy storage systems, electric vehicle chargers, photovoltaic inverters, and intelligent energy management solutions. Growatt is the most cost-effective hybrid inverter supplier we found during our search process, as hybrid inverters are generally more expensive. It has multiple sizes to choose from and comes with reasonable warranty and efficiency levels. But Growatt’s application design is not user-friendly, and the user experience is relatively average.
Growatt’s product portfolio includes:
- Commercial rooftop inverters
- Large scale commercial and utility inverters
- Household energy storage inverter
What are the main advantages of Guriwatt inverters?
- Large capacity (up to 80kW)
- Enhanced security and reliability (AC/DC type II SPD (surge protection device) and IP65 protection level)
- High system yield (highest efficiency of 99%, wide operating voltage range)
3. SolarEdge Technologies, Inc.
Established in 2006
Location: Herzelia, Tel Aviv, Israel
SolarEdge provides easy to install, efficient, and reliable solar photovoltaic inverters. The panel optimizer method of SolarEdge helps with module level monitoring and can be said to be one of the most efficient household inverters.
SolarEdge offers a wide range of inverter products, including single-phase inverters using HD-Wave technology
A single-phase inverter is a more cost-effective, lightweight, and reliable inverter that is compatible with SolarEdge power optimizers.
Based on innovative power conversion technology, this inverter supports simple installation and ensures high efficiency, regardless of string length and temperature.
However, SolarEdge inverters are expensive.
4. Sungrow Power Supply Co., Ltd. (Sungrow)
Established in 1997
Location: Hefei City, Anhui Province, China
Sunshine Power is the most reputable bank among the top 10 solar inverter manufacturers in the world, with a global installation volume of over 269 gigawatts as of June 2022.
Sunshine Power has a strong technology research and development team of over 3100 people, providing a wide range of products and services.
At the same time, it has the world’s largest inverter factory, and by 2022, Sungrow Power has become the global leader in the photovoltaic inverter market.
It has internal testing facilities recognized by SGS (derived from Société Générale de Surveillance in France), CSA (Canadian Standards Association), and TÜV Rheinland (derived from Technischer Ü berwachungsverein in Germany), and its strength is very strong.
Main products: string inverters, centralized inverters, energy storage inverters.
Some of the main characteristics of these inverters are:
- The anti-corrosion grade is C5
- Plug and play installation
- IP65 protection level
- Effective cooling, able to operate at full power even at 45 ° C and 50 ° C
- Active and reactive power control and power slope control (PRRC)
5. FIMER
Established in 1942
Location: Italy
In 2020, Swiss industrial giant ABB Group sold its photovoltaic inverter business to Italian company Fimer SpA. This transaction has made Fimer a globally renowned manufacturer of solar photovoltaic inverters.
FIMER focuses on providing photovoltaic solutions such as central inverters, series inverters, and microgrid solutions for large-scale venue scenarios. From single-phase and three-phase series inverters to central inverters, it is renowned for having the widest range of solar inverter types. This means that they can meet a more comprehensive range of needs.
The energy generated by FIMER solar inverters is higher than the market average production capacity.
Main products: string inverters, central inverters, microgrid solutions
Some advantages of the Fimer inverter are:
- Maximizing overall efficiency and attractive return on investment (ROI).
- The characteristics of high efficiency, high reliability, and low auxiliary power consumption.
- The controllable intelligent connection of the inverter enhances the compatibility of the digital power grid.
6. GoodWe
Established in 2010
Location: Suzhou, China
GoodWe is a well-known inverter supplier in China and a comprehensive solution provider with photovoltaic inverters as its core. With 13 years of industry experience, GoodWe focuses on the research and development, production, and sales of new energy power equipment such as solar energy and energy storage.
Our products cover more than 100 countries and regions worldwide.
It is worth mentioning that according to WoodMackenzie’s data, GoodWe ranked sixth in global inverter shipments in 2022. So although GoodWe is not included in many rankings, I believe that being listed in the top 10 solar inverter manufacturers in the world in this article is very worthwhile.
Main products: string inverters, hybrid inverters, energy storage inverters.
7. TMEIC
Established in 2003
Location: Tokyo, Japan
TMEIC (Toshiba Mitsubishi Electric Industry Systems Co., Ltd.) is a joint venture established by Toshiba and Mitsubishi, with decades of experience in power electronics, serving multiple industries such as energy and minerals. It is also a UL certified supplier of 1500V photovoltaic inverters for power plants. Although these certifications are only an industry reference and the cost of certification is quite high, they can also be considered as an investment and reflection of a company’s confidence in its products.
TMEIC has a complete range of product categories, including photovoltaic inverters (power conversion systems), AC drives (low and medium voltage), industrial motors and drives, and UPS systems.
Some advantages of TMEIC inverters:
- The product is easy to install
- Provide the best operating cost model
- Simplify thermal management
- Optimization reduces switch losses and improves performance
8. SMA Solar Technology AG
Established in 1981
Location: Germany
SMA is headquartered in Nistell, Germany and is a well-known brand in the field of solar photovoltaic system technology. It is also a strong photovoltaic system technology expert. This leading German solar inverter supplier is committed to transitioning to decentralized, self-sufficient renewable energy supply and operates in 20 countries/regions.
Whether it is for private residential needs or the design of large commercial factory facilities, SMA’s solar inverters are customizable, making a huge contribution to promoting innovative solutions and inverter technology, and the application of renewable energy.
SMA provides a variety of inverters suitable for various applications, from small residential and commercial systems to independent power grids.
Some main advantages of using SMA inverters:
- Higher production at lower costs
- Greater flexibility and higher security
- A free service called SMA Smart Connected, with features such as automatic inverter monitoring, automatic fault analysis, and automatic replacement processes.
9. Ginlong (Ginlong Technologies)
Established in 2005
Location: Ningbo City, Zhejiang Province, China
Ginlong Solis is a high-tech enterprise with the new energy industry as its core. Solis is the brand name of Jinlang solar inverter.
Focusing on the business of string inverters, a key component of photovoltaic power generation systems, providing cost-effective solar photovoltaic inverter solutions for commercial, residential, and utility scale users. We are the world’s first inverter enterprise to obtain a third-party authoritative PVEL reliability test report, with excellent solar inverter manufacturing and research and development facilities, and maintain the global supply chain.
Main products: string inverters, hybrid inverters, energy storage inverters.
Some main advantages of using SMA inverters:
- Single phase series inverters have higher efficiency, while three-phase inverters have higher power generation efficiency and more flexible configurations.
- The utility level inverter has high-precision intelligent monitoring function, which can reduce fault location time.
- AFCI protection and high power tracking density.
10. Sineng Electric Co., Ltd.
Established in 2012
Location: Jiangsu, China
Sineng’s business scope involves multiple fields such as photovoltaic inverters and energy storage systems. We provide various solar photovoltaic inverters, energy storage systems, and power quality control solutions, with an advanced photovoltaic inverter engineering technology research center, aiming to expand its product range to meet the needs of different customers and strive to achieve cleaner and more economical energy efficiency.
Sineng Group has produced a total of 14 trillion kilowatt hours of clean electricity so far.
Main products: In the field of photovoltaic inverters, we mainly focus on string inverters and centralized inverters, energy storage systems, and power plant development.
Some main advantages of using Sineng inverters:
- Centralized inverters have high efficiency
- Higher power and superior power generation
- Adapt to various harsh environments
Conclusion
After reading this article’s list of the top ten global solar inverter manufacturers, we can see the industry-leading footprints left by each major solar photovoltaic inverter manufacturer in this market.
These enterprises are leading the development direction of sustainability, renewable energy transformation, and efficient solar energy systems.
In the face of major challenges in today’s world such as climate change, globalization, and global warming, renewable energy is seen as a key solution to mitigate these risks.
As the core component of solar energy systems, solar inverters are also an indispensable part.
These top manufacturers have improved the performance and reliability of solar inverters through continuous innovation and optimization of technology. GycxSolar has friendly cooperation with many solar inverter manufacturers, and by selecting high-quality inverters from these manufacturers, we can not only accelerate the transition to clean energy, but also contribute to building a more sustainable society.
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