Global solar
inverter market
share report 2026
Joe Shangaw
Research Analyst
June 2026
Global solar inverter market share report 2026
Methodology
Tracking methodology: Wood Mackenzie’s inverter vendor rankings are built upon careful tracking of the global landscape. Our primary data
collection comes from annual vendor surveys, public filings, project databases and dozens of conversations with manufacturers; engineering,
procurement and construction providers; and distributors. Where necessary, market-based estimates are made. Wood Mackenzie labels the
situations in which estimates are made and provides leading vendors with the opportunity to respond to our estimates prior to publication.
Reporting metrics: Wood Mackenzie ranks vendors by quantity of shipments in megawatts-alternating current (MW ac). Only shipments with
revenue recognised in the reporting year are counted towards the market share. The market share breakdown includes an ‘All others’ category,
which combines shipments of all vendors in that region or country that account for less than 2% market share.
Changes to methodology for the 2026 edition: The residential string inverter category has been adjusted to include both hybrid and PV-only
string inverters. All inverters below 25 kW per unit, regardless of phase or battery-readiness, are included in this single product to create a more
relevant comparison for 2025, where hybrid inverters are often sold regardless of battery-attachment.
Definitions:
Utility-scale string inverter: Includes all central inverters as well as string inverters with a maximum voltage of 1500 V ac and a unit size of at least 150 kW ac
Residential string inverter: Includes all string inverters below 25 kW/unit, regardless of 1-phase vs 3-phase functionality or battery-readiness.
Commercial and industrial (C&I) inverter: Includes all three-phase string inverters between 25 kW and 150 kW, normally rated for 1000 V ac and suitable for large
rooftops or groundmount applications.
Hybrid inverter: Grid-tied single or three-phase bidirectional string inverters that can receive ac inputs from both PV solar and storage. AC-coupled storage
inverters are not included in these rankings. Inverters that are physically embedded in a battery system qualify as long as they have DC-coupling capabilities.
2
Global solar inverter market share report 2026
3
Table of Contents
1. Executive summary
4
2. Global solar inverter market share rankings
5
3. Regional market share rankings
China
9
Asia Pacific / India / Australia
11
Europe / Spain / Germany
United States
14
Middle East / Saudi Arabia
17
Latin America / Brazil
19
Africa / South Africa
21
4. Emerging market leaders
23
5. Vendor taxonomy
25
Global solar inverter market share report 2026
Huawei and Sungrow rank first and second as global demand flattens
01
02
The global solar inverter market grew by just 1% in 2025 as demand flattened in Asia Pacific and Europe
For the first time since 2018, global PV inverter demand increased by less than 10% year-on-year. Record years for shipments in the US,
India, the Middle East, and Africa were offset by market declines in China and Latin America.
Huawei and Sungrow ranked first and second, respectively, for the 11th straight year, comprising 53% of global inverter market
Both vendors saw PV inverter shipments decline by less than 5% in 2025 but maintained their dominant global positions. Huawei
delivered 174 GW ac of PV inverters, leading in China, Europe, and Latin America. Sungrow delivered 144 GW ac, ranking behind Huawei in
China and Europe but leading in the US, India, the Middle East, and Africa.
Chinese inverter vendors dominate in Europe and the US, despite new trade restrictions and ac tension in 2025
03
Chinese vendors combined for 85% of the European inverter market in 2025 and nearly 50% of the US market. Despite growing
cybersecurity concerns in Europe and tariffs in the US for imported inverters, the popularity of Chinese inverters proved to be resilient to
political headwinds. Competitive prices and proven quality have made Chinese inverters the default choice for most projects globally, from
residential hybrid systems in Europe to GW-scale projects in the Middle East.
India became the second largest inverter market globally, surpassing 50 GW ac of demand, including 30 GWac of central inverters
04
India passed the US in annual inverter demand, largely driven by utility-scale solar development and government auctions for GW-scale
projects across the country. Central inverter vendors Sungrow, Sineng, TBEA, and Fimer have leveraged their Indian factories to serve
this growing demand, as Sineng jumped into third in the global market share with over 10 GW ac of shipments within India.
4
Solar inverter landscape report H1 2026
Global solar inverter
market share
rankings
5
Global solar inverter market share report 2026
6
Huawei and Sungrow combine for 53% of the global inverter market in 2025
Global PV inverter demand remained flat at 593 GWac, up only 1% from 2024 to 2025
• Huawei maintained the top spot in the global PV inverter
market share rankings with 174 GW ac of shipments in 2025. The
company captured 29% market share for the second straight
year with first-place performances in China and Europe.
• Sungrow captured just under 25% of the global market with
144 GWac delivered in 2025, maintaining its top rankings in the
US, India, and Middle East.
• Sineng’s 71% annual growth brought them from fifth to third in
the global rankings in 2025, making it the first vendor besides
Huawei and Sungrow to surpass 40 GWac in a single year. Over
85% of its shipments came from sales to China and India.
• GoodWe was the fourth and final vendor to surpass 5% market
share with 31 GWac of shipments in 2025. GoodWe excelled in
China’s C&I segment and in global hybrid inverter sales.
Global PV inverter market share rankings by shipments, 2025
Huawei
11%
Sungrow
2% 2%
2%
29%
2%
Sineng
GoodWe
Ginlong Solis
3%
Total global inverter
shipments: 594 GWac
Y-o-y change: +1%
3%
4%
AISWEI/Solplanet
CRRC*
Growatt
4%
Deye*
SMA
5%
7%
24%
TBEA*
Chint Power Systems
All Others
Source: Wood Mackenzie
*estimated total
Global solar inverter market share report 2026
7
Huawei and Sungrow both saw shipments drop slightly from 2024 highs
Sineng and GoodWe rose in the rankings as many other China-focused vendors saw year-on-year declines in shipments
-1%
+22%
180
-3%
2023
+13%
2024
Annual shipment total (ac)
160
2025
140
120
100
80
60
40
+71%
+8%
-3%
+38%
+17%
-9%
-9%
+28%
-28%
+25%
-5%
+137%
+8%
+103%
+12%
-28%
20
0
•
Huawei and Sungrow both saw slight declines in shipments after years of sustained growth and market consolidation. A declining Chinese domestic market and
diversifying global residential segment contributed to the flat year for both vendors.
•
Sineng, GoodWe, Deye, and SMA were the only top 10 vendors with year-on-year growth. Sineng expanded its position in the Indian utility-scale market, while GoodWe
and Deye succeeded as cost-competitive vendors in the residential solar-plus-storage and C&I segments.
Source: Wood Mackenzie
Global solar inverter market share report 2026
8
Five-year inverter market share rankings — Global top 10
Sineng and GoodWe take the third and fourth spots for the first time, while Deye makes its first appearance.
2021
2022
2023
2024
2025
Rank
Vendor
2020-2021 Δ
Vendor
2021-2022 Δ
Vendor
2022-2023 Δ
Vendor
2023-2024 Δ
Vendor
2024-2025 Δ
1
Huawei
-
Huawei
-
Huawei
-
Huawei
-
Huawei
-
2
Sungrow
-
Sungrow
-
Sungrow
-
Sungrow
-
Sungrow
-
3
Growatt
+2
Ginlong Solis
+1
Ginlong Solis
-
Ginlong Solis
-
Sineng
+2
4
Ginlong Solis*
+2
Growatt
-1
Sineng
+4
Growatt
+1
GoodWe
+3
5
GoodWe
+4
GoodWe
-
Growatt
-1
Sineng
-1
Ginlong Solis
-2
+1
AISWEI/
Solplanet
-
6
SMA
-3
SMA
-
GoodWe
-1
AISWEI/
Solplanet
7
Power
Electronics
-3
Power
Electronics
-
AISWEI/
Solplanet
+3
GoodWe
-1
CRRC Zhuzhou
+1
8
Sineng
-
SolarEdge
+1
CRRC Zhuzhou
NEW
CRRC Zhuzhou
-
Growatt
-4
9
SolarEdge
+2
Sineng
-1
SMA
-3
TBEA
NEW
Deye
NEW
10
TMEIC
-
AISWEI/
Solplanet
+2
Sofar
+1
SMA
-1
SMA
-
Percentage of global shipments delivered by top 10 suppliers
Source: Wood Mackenzie
2021
2022
2023
2024
2025
88%
88%
90%
90%
86%
9
String inverters remain the most popular choice for utility-scale projects globally
Hybrid inverters now comprise over half of residential inverter shipments
Type of inverter
1st
2nd
3rd
Global PV inverter market segmented by product category, 2025
5%
Residential string
inverters (inc. hybrid)
9%
C&I three-phase string
inverter (25-150 kW)
Utility three-phase string
inverter (>150 kW)
21%
Central inverter
3-phase string inverter
(utility, >150 kW)
1%
Global PV
inverter shipments:
594 GWac
39%
3-phase string inverter
(C&I, 25-150 kW)
Central inverter
Residential PV-only
string inverter
Hybrid inverter
Microinverter
Microinverter
DC-coupled hybrid
inverter
24%
•
Central inverters rose from 19% to 21% of all shipped capacity, maintaining its popularity versus string inverters in the growing US, India and Saudi Arabia markets.
•
Hybrid inverters made up over 20 GW ac of the 40 GW ac global residential inverter market. Even in instances where batteries are not sold along with inverters, vendors
recognize that hybrid inverters increase the chances of storage cross-sales and retrofits in the future, which has led to more aggressive pricing strategies.
•
Huawei led the global market in C&I and utility-scale string inverter shipments; it’s two most popular product categories in China and Europe. For the first time, neither
Sungrow nor Huawei ranked in the top three residential inverter vendors, pointing towards greater diversification in the segment.
Source: Wood Mackenzie.
Note: Full product-specific rankings are available in the accompanying data file.
9
Asia-pacific
inverter market
shares
Global solar inverter market share report 2026
11
China solar PV market contracts as policy transition brings uncertainty
Policy and grid challenges reshape inverter demand while market leaders retain dominance
•
•
•
•
China's inverter market softened, declining 10% year-over-year in 2025.
Utility-scale project development slowed as the country transitioned towards
market-based electricity pricing. At the same time, grid integration constraints
and curtailment concerns continued to limit new capacity additions in several
northern provinces. Weaker power demand growth and policy uncertainty
following the conclusion of the 14th Five-Year Plan have led solar developers
to adopt a more cautious approach to new project deployment.
Huawei and Sungrow once again secure the first and second spots in China
with 36% and 19% market share, respectively. The two delivered a combined
total of 162 GW in 2025. Their ability to support large-scale projects with
bankable products has helped them maintain their strong domestic positions.
GoodWe and Sineng tied for third place with 9% market share, both up by
over 3% from their 2024 positions.
Ginlong Solis, CRRC Zhuzhou, AISWEI and Growatt each captured
between 3% and 6% market share, all experiencing slight declines in
shipments after a record year from domestic demand in 2024.
Source: Wood Mackenzie
*estimated total
China PV inverter market share rankings by shipments, 2025
3%
2%
2%
2%
2%
Huawei
5%
Sungrow
36%
5%
Goodwe
Sineng
6%
Total China inverter
shipments: 296 GWac
Y-o-y change: -10%
AISWEI/Solplanet
CRRC Zhuzhou*
Ginlong Solis
Growatt
9%
Kehua*
Hopewind*
TBEA*
9%
19%
All Others
Global solar inverter market share report 2026
12
India’s growth propels Asia Pacific excluding China (APeC) to 30% growth in 2025
Ambitious renewable energy targets and growing electricity demand boosted APeC inverter shipments to 97GW in 2025
•
•
•
•
The Asia Pacific excluding China (APeC) region continued to expand,
accelerated by utility and commercial deployment across India, Australia,
Southeast Asia and Japan. Decreasing equipment costs and growing
power demand further strengthened market momentum. Ambitious
renewable energy targets, supportive policy frameworks, and ongoing grid
modernization initiatives drove increased investment in solar.
Sungrow strengthened its leadership position, increasing market share
from 26% in 2024 to 29% in 2025, while Huawei maintained 16%.
Together, the two suppliers continued to dominate the region, accounting
for 45% of total shipments.
Sineng was the fastest-growing major supplier, expanding its market
share from 8% to 12% and overtaking several competitors to secure third
place, supported by robust demand in India and other emerging Asia
Pacific markets.
Fimer and Ginlong Solis captured 5% and 7% APeC market share,
respectively, capitalizing in India where both distributed and utility-scale
demand grew rapidly.
Source: Wood Mackenzie
*estimated total
APeC PV inverter market share rankings by shipments, 2025
9%
Sungrow
Huawei
2% 2%
3%
29%
2%
3%
3%
5%
Sineng
TBEA*
Ginlong Solis
Fimer*
Asia Pacific excluding
China shipments: 97 GWac
Y-o-y change: +30%
Deye*
Growatt
Goodwe
7%
CRRC Zhuzhou*
16%
7%
12%
Chint Power Systems
Power Electronics
All Others
Global solar inverter market share report 2026
13
Sungrow led in India, which became the second largest inverter market globally
Australia’s 2025 rankings were divided between European central inverter and Chinese residential inverter vendors
Australia PV inverter market share rankings by shipments, 2025
India PV inverter market share rankings by shipments, 2025
2%
6%
9%
2%
2%
2%
3%
Total India
shipments: 50.7 GWac
Y-o-y change: 41.9%
42%
Sungrow
Deye*
Sineng
Growatt
TBEA*
Goodwe
Fimer*
All Others
4%
3%
3%
2% 2%
19%
5%
7%
Ginlong Solis
Total Australia
shipments: 8.1 GWac
Y-o-y change: +15%
12%
11%
•
India’s utility-scale market was powered by record solar tender activity.
Government support for domestic manufacturing and renewable energy
expansion has also strengthened market growth. Sungrow maintained its lead
in India from 2024, increasing from 35% to 42% market share.
•
Sineng secured second, growing its market share from 15% to 21% in 2025.
•
Deye, Growatt and GoodWe’s emergence in the Indian market signals the
rising market for residential and C&I solar inverters.
Source: Wood Mackenzie
*estimated total
AISWEI/Solplanet
Sungrow
Growatt
SMA
Fronius
Goodwe
Ginlong Solis
Sigenergy
Fimer*
Sofar*
All others
Ingeteam
12%
21%
14%
Power Electronics
14%
•
Australia's shift toward solar-plus-storage supported inverter demand, as rising
electricity costs improved the economic case for distributed solar and energy
storage investments.
•
Power Electronics recorded its best-ever year in Australia, securing 1.5 GW ac,
19% market share, and overtaking Sungrow and SMA for first place.
•
Sigenergy also made its first appearance in the Australian market rankings,
securing 920 MW ac in the residential market and 11% overall market share for
2025.
European inverter
market shares
Global solar inverter market share report 2026
15
Huawei extends market share above 40% in Europe’s 90 GWac inverter market
Chinese vendors combined for 85% of the market despite rising political pressures
•
•
•
•
Huawei delivered 37 GW ac in 2025 and led Europe’s residential, C&I ,
and utility-scale segments in one of its strongest years in the region.
Huawei’s distribution partners helped deliver custom utility and C&I
string inverters for projects across Europe.
Sungrow experienced a 14% decline from its 2024 shipment total.
The company still captured 22% of the market to retain second place
in Europe, with growing C&I demand to offset a declining utility-scale
segment.
SMA retained its third position in the region, leading all European
manufacturers. Power Electronics took fifth with 3 GW ac of central
PV inverter shipments, while Fronius led EU-based vendors with 1.3
GW ac of residential string inverters. These vendors will expect a
boost in 2026 demand with the recent ban on Chinese inverters
for EU and EIB-funded projects.
Deye appeared in its first European top five, capturing over 15% of the
region’s residential hybrid inverter market.
Source: Wood Mackenzie
Europe PV inverter market share rankings by shipments, 2025
Huawei
10%
3%
Sungrow
2% 2%
2%
SMA
Deye*
3%
Total European
shipments: 90 GWac
Y-o-y change: +2%
3%
3%
41%
Power Electronics
Ginlong Solis
Sofar*
Growatt
5%
Fronius
5%
Sigenergy
Fimer*
22%
All Others
Global solar inverter market share report 2026
16
Huawei led the two largest individual European markets, Germany and Spain
Both top markets declined in 2025 as EU demand shifted towards emerging Eastern European markets
Spain PV inverter market share rankings by shipments, 2025
Germany PV inverter market share rankings by shipments, 2025
2%
7%
3% 3% 2%
34%
4%
Total Germany
shipments: 14.5 GWac
Y-o-y change: -2%
5%
6%
Huawei
Sofar*
Sungrow
Power Electronics
SMA
Sigenergy
Fronius
AISWEI/Solplanet
Growatt
All Others
1%
4% 2%
6%
Huawei
Sungrow
1%
1%
Total Spain
shipments: 9.4 GWac
Y-o-y change: -23%
Power Electronics
47%
Gamesa*
Sofar*
SMA
GoodWe
37%
8%
Ingeteam
All Others
25%
•
Huawei and Sungrow captured the top two spots in Germany but excelled in
different segments. Huawei captured over half of the utility-scale segment,
while Sungrow delivered 50% of C&I string inverter (1000 V dc) demand.
•
Fronius led the competitive German residential segment, where no vendor
had over 20% market share. Hybrid inverter shipments to Germany
surpassed 3 GW ac, comprising over half the residential market.
•
SMA ranked third again in Germany, but its market share declined from 16%
in 2024 to 8% in 2025, a result of its shift towards the PCS storage market.
Source: Wood Mackenzie
PCS: Power Conversion System (storage inverter)
•
The Spanish market declined to its lowest total since 2021, as PV development
began to stall due to high curtailment and low solar capture prices.
•
Huawei and Sungrow grew from 78% to 84% combined market share in 2025,
switching positions from 2024 as Huawei was able to grow 6% despite the overall
market decline.
•
Spanish vendors Power Electronics, Gamesa, and Ingeteam dropped from a
combined 14% to 7% of the PV market, as central inverter vendors were forced
to pivot towards the growing PCS inverter market.
*estimated total.
US inverter
market shares
Global solar inverter market share report 2026
18
Sungrow captures half of the US utility-scale PV inverter market again in 2025
SMA and TMEIC rebounded after a slow 2024 while expanding domestic inverter manufacturing, passing Power Electronics
•
•
•
•
Sungrow surpassed 20 GWac of utility-scale shipments to the US in
2025, with over 90% being central inverters. Despite tariffs on imports
from its Thailand factory through the second half of 2025, Sungrow’s
strong reputation and cost-competitiveness in the US propelled the
company to its highest single-year demand yet.
SMA and TMEIC ranked second and third in the US, with utility-scale
shipments up 89% and 126% from 2024, respectively. Both
companies are heavily invested in the US — TMEIC is building its
third domestic factory in Texas, while SMA is now assembling
inverter/transformer power stations in an Arkansas facility and building
US-made string inverters in a partnership with Create Energy.
Power Electronics lost its top-two position that it has held for over five
years. A strategic shift towards PCS storage inverters contributed to its
36% drop in solar inverter shipments to the US. The company led the
US PCS market with over 10 GW ac of deliveries in 2025.
Chint Power Systems delivered the most 1500V string inverters in the
US, with over 1.6 GW ac of shipments in 2025.
Source: Wood Mackenzie
*estimated total
US utility-scale* PV inverter market share rankings by
shipments, 2025
4%
8%
1%
2%
2%
2%
Sungrow
SMA
TMEIC
Power Electronics
9%
US utility-scale inverter
shipments: 43 GWac
Y-o-y change: +10%
48%
GE Vernova
Chint Power Systems
Ingeteam
10%
Yaskawa Solectria
Gamesa*
14%
*Utility scale includes all string and central inverters rated for
1500Vdc ground-mount applications
All others
Global solar inverter market share report 2026
19
The US distributed inverter segment rebounded in 2025 as inventory stabilised
Enphase and Tesla captured the most residential market share in 2025, while SolarEdge led the C&I rooftop segment
•
•
•
•
SolarEdge, Enphase, and Tesla combined for 72% of the US
distributed PV inverter market and 85% of the residential market in
2025. The overall rooftop inverter market grew by 27% to 7.5 GW ac
with a surge of installations before the expiration of the 25D 30%
residential solar tax credit at the end of the year.
Enphase and Tesla ranked first and second in the residential market,
both delivering over 1.5 GW ac of their microinverters and Powerwall
systems, respectively. SolarEdge fell below Tesla at 26% residential
market share but delivered over 600 MW ac of commercial inverters and
DC-optimizers to lead the rooftop C&I segment.
Growatt ranked fourth in the US residential inverter market, largely
through its supply of hybrid inverters for Base Power residential
storage systems, which have become a top-selling product in Texas.
US distributed PV inverter market share rankings by
shipments, 2025
4%
4%
5%
28%
7%
SolarEdge*
Enphase*
Tesla*
8%
US distributed PV inverter
shipments: 7.5 GWac
Y-o-y change: +27%
Chint Power Systems
Growatt
SMA
Ginlong Solis
21%
All others
22%
Chint Power Systems, SMA, and Solis combined for over 50% of the
C&I inverter market, where string inverters remain most cost-effective
compared to DC-optimized or microinverter systems.
Source: Wood Mackenzie
*estimated total
Distributed includes all string and microinverters rated at 1100V dc or
below, primarily for rooftop or community solar projects.
Middle East inverter
market shares
Global solar inverter market share report 2026
21
Sungrow retains top position in Middle East, driven by central inverter demand
The Middle East region grew by nearly 50%, as Huawei and Sineng joined Sungrow above 20% market share
Saudi Arabia PV inverter market share rankings by shipments, 2025
Middle East PV inverter market share rankings by shipments, 2025
4%
2%
1%
5%
Sungrow
17%
Huawei
7%
36%
Total Middle East
shipments: 22.7 GWac
Y-o-y change: +49%
22%
Sungrow
Sineng
Total Saudi Arabia
shipments: 11.5 GWac
Y-o-y change: +29%
CRRC Zhuzhou*
Growatt
Sineng
51%
Huawei
All others
Ginlong Solis
31%
All Others
25%
•
Policy support provides continued strong visibility for large-scale solar
investments, supporting sustained inverter demand across the region.
•
Sungrow maintained its top position in the Middle East with 36% market share.
Its central inverters were selected for over 6 GW ac of large-scale utility projects.
•
Huawei and Sineng secured second and third place with 25% and 22% market
share, up from a combined 23% share in 2024. Growatt ranked 5 th with over 500
MW ac of hybrid inverter shipments to the region, mostly to the UAE.
Source: Wood Mackenzie
*estimated total
•
Saudi Arabia advanced its Vision 2030 goal of deploying 58.7 GW of renewable
energy capacity by 2030, including approximately 40 GW of solar. Large-scale
government-backed procurement programs and competitive auctions continued to
drive central and utility-scale string inverter demand in 2025.
•
Saudi Arabia remained highly concentrated, with Sungrow, Sineng, and Huawei
collectively capturing 99% of shipments. Sungrow dropped from its 83% market
share in 2024, as the other two Chinese vendors won more significant project bids
in 2025.
Latin America inverter
market shares
Global solar inverter market share report 2026
23
Latin American inverter demand shrinks by 15% as Brazilian market weakens
Huawei earns its fifth straight #1 position in the LATAM region, but Sungrow captures first in Brazil with over 3 GWac of shipments
Latin America PV inverter market share rankings by shipments,
2025
2%
4%
6%
2%
3% 3%
32%
4%
8%
Brazil PV inverter market share rankings by shipments, 2025
Total Latin America
shipments: 24.2 GWac
Y-o-y change: -15%
Huawei
Goodwe
Sungrow
Sofar*
Growatt
Ingeteam
Deye*
SMA
Ginlong Solis
All Others
6%
2%
2% 3%
7%
9%
Total Brazil
shipments: 10.5 GWac
Y-o-y change: -42%
10%
9%
22%
Growatt and Deye captured third and fourth in Latin America through residential
inverter success.
•
Chinese vendors captured the top eight spots in LATAM. European central
inverter vendors had the highest penetration in Chile’s utility-scale market.
Source: Wood Mackenzie
*estimated total
Deye*
Huawei
Sofar*
Ginlong Solis
CPS
Growatt
Hoymiles*
AISWEI/Solplanet
All Others
21%
10%
Huawei delivered over 7 GW ac to Latin America, with most of its shipped capacity •
being utility-scale string inverters. To offset shrinking Brazilian demand, Huawei
•
delivered over 1 GW ac to both Argentina and Colombia.
•
Sungrow
Goodwe
AISWEI/Solplanet
8%
•
27%
•
The Brazilian market declined by more than 40% in 2025, following the rush of
project development in 2023-2024 to beat the phase out of solar policy incentives.
Sungrow ranked #1 in Brazil for the first time, capturing 27% of the market. Huawei
dropped from 33% market share in 2024 to just 21%, as its utility-scale shipments
fell by over 50%.
Ginlong Solis led the Brazilian C&I segment with 500 MW ac of shipments, while
Growatt and AISWEI/Solplanet captured the top spots in residential inverter
shipments. Hoymiles led Brazil’s 450 MW ac microinverter market, the second largest
globally behind the US.
Africa inverter
market shares
Global solar inverter market share report 2026
25
Sungrow ranks #1 in the fast-growing African PV inverter market in 2025
Demand for hybrid residential inverters grows in South Africa and across Sub-Saharan Africa
South Africa PV inverter market share rankings by shipments, 2025
Africa PV inverter market share rankings by shipments, 2025
2%
4%
4% 2%
Deye*
2%
24%
2%
3% 3% 2%
Sungrow
34%
Total Africa
shipments: 14.9 GWac
Y-o-y change: +78%
6%
Huawei
2%
29%
1%
8%
Sineng
Ginlong Solis
Total South Africa
shipments: 4.1 GWac
Y-o-y change: -4%
Growatt
Sigenergy
Sungrow*
SMA
Deye*
Goodwe
Huawei
Growatt
Sineng
SolarEdge*
Sigenergy
All others
Ginlong Solis
18%
All Others
27%
28%
•
Sungrow led the African region, delivering 5 GW ac, with most of its shipped
capacity being utility-scale inverters to Northern Africa and South Africa.
•
Huawei and Deye secured second and third through residential and commercial
inverter success in sub-Saharan Africa
•
Sineng and Sigenergy captured fourth and fifth in the African market for the first
time, signaling increasing diversification of Africa’s inverter suppliers across
segments.
Source: Wood Mackenzie
*estimated total
•
South Africa received another 4 GW ac of inverter shipments in 2025, remaining
the region's largest individual market with strong distributed inverter demand.
Sungrow led South Africa’s utility-scale market with a mix of both string and
central inverter projects.
•
Deye and Huawei captured second and third place in South Africa, driven by
hybrid PV and energy storage inverter demand for a combined 45% overall
share. Both residential and C&I storage markets continue to grow in South Africa
due to grid constraints and energy reliability concerns.
26
Inverter vendors in Wood Mackenzie market coverage
Chinese manufacturers
Japanese manufacturers
European manufacturers
Globally diversified manufacturers*
Module-level
power electronics providers
Vendors with US manufacturing presence
* Globally diversified is defined as having manufacturing capacity in multiple countries/regions.
Wood Mackenzie
Solar inverter landscape report H1 2026
27
27
About the authors
Joe is a research analyst at Wood Mackenzie on the Solar Research team. He leads coverage of
the global PV inverter and inverter industries and supports Wood Mackenzie’s solar supply chain
and PV system cost models. Joe is the primary author of the global market share rankings,
forecasts, and market landscape reports for both the PV inverter and tracker industries. He regularly
contributes to insights covering US and global solar policy and trade impacts.
Joe Shangraw
Prior to joining Wood Mackenzie, Joe was a researcher in the energy storage and distributed
energy (DER) sectors with a focus on emerging technologies and cost modelling.
Research Analyst,
Solar Supply Chain
Connect with Joe
joseph.shangraw@woodmac.com
linkedin.com/in/joe-shangraw/
Joe holds a bachelor’s degree in materials science and a master’s degree in energy systems
engineering from the University of Michigan.
Solar inverter landscape report H1 2026
28
28
About the authors
Timothy focuses on PV technology and cost modelling, with close to a decade of experience in the
renewable energy field, specialising in tracker and inverter supply chain analysis.
Timothy Shen
Senior Research Analyst,
Solar Supply Chain
Connect with Timothy
timothy.shen@woodmac.com
https://www.linkedin.com/in/timothy-shen-yxs/
Prior to joining Wood Mackenzie, Timothy was a research analyst and ESG manager in the solar
and storage industry, providing business development strategies and spearheading the company’s
sustainability initiatives, authoring the inaugural ESG report and establishing a framework for
ongoing corporate responsibility efforts.
Solar inverter landscape report H1 2026
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