HOME / chinese photovoltaic inverters sweep the world with sungrow huawei
“ Huawei and Sungrow ranked first and second in the rankings for the 10th consecutive year, combining for 55% of the global inverter market.” Total global inverter shipments reached 589 GW (AC) in 2024, up 10% from 2023.
Nine of the top 10 PV inverter suppliers are based in China. Huawei and Sungrow retained the top two positions for the 10th consecutive year, together accounting for 55% of the global market. Both companies achieved their highest ever market shares in 2024, said Joseph Shangraw, research associate at Wood Mackenzie.
Global PV inverter shipments grew by 10% to 589 gigawatts alternating current (GWac) in 2024, according to Wood Mackenzie's Global Solar Inverter Market Share Report 2025. The research placed Huawei and Sungrow in the first and second positions in the rankings for the 10th consecutive year, together accounting for 55% of the global inverter market.
In 2024, China's solar inverter industry remains a global powerhouse, with manufacturers setting new standards in innovation, efficiency, and cost-effectiveness. The top 10 inverter manufacturers in China, including leaders like Sungrow and Huawei in grid-tied sectors, showcase advanced technology and diverse products.
This publication examines the use of solar photovoltaic (PV) technology in aquaculture. It outlines key questions to keep in mind if you are considering solar arrays for a closed aquaculture system, and includes an example of a fish farm currently using PV power. Aquaculture is the cultivation of fish and aquatic animals and plants.
Solar energy can provide the power to drive closed-system aerators and pumps. The basic components of a PV system for aquaculture are not unlike any other system used for pumping water continuously: Solar array—a sufficient number of modules to meet electrical demand, described in more detail in the next section.
Through installing photovoltaic modules on the water's surface, the aquavoltaic industry can simultaneously generate clean energy while maintaining aquaculture operations underneath.
Despite the absence of official statistical data, the tendering and construction status published by the PV industry (Table 1) indicates that most large-scale aquaculture PV power generation projects are located in the Asia-Pacific region.
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