Huawei Photovoltaic Inverter Industry Chain

Which PV inverter vendors shipments grew the most in 2022?

The top five vendors – Huawei, Sungrow, Ginlong Solis, Growatt, and GoodWe – shipped more than 200 GWac and accounted for 71% of total global PV inverter shipments in 2022, growing 8% from 2021. Huawei’s shipments saw a significant increase of 83% in 2022 compared to 2021, while Sungrow’s shipments expanded 56% in the same period.

What is the market share of Huawei & Sungrow?

Huawei and Sungrow covered 52% of the market cumulatively - an increase from 44% in 2021. Huawei held the number 1 position for market share with an increase in shipments from 23% in 2021, to 29% in 2022. Sungrow ranked second with 23% in 2022, growing from 21% in 2021.

How many GW of PV inverters will CHN energy buy in 2023?

CHN Energy has wrapped up its 10 GW PV inverter tender for 2023, with Huawei securing orders for 4.1 GW of string inverters and Sungrow obtaining 1.85 GW. CHN Energy has announced the results of its 10 GW central purchasing tender for PV inverters for 2023.

Is Huawei a smart string inverter?

In utility-scale plant scenarios, Huawei has driven the industry's transition from low cost to high value through the integration of digital technology and power electronics innovation in its smart PV solutions over the past decade. This has positioned smart string inverters as the global mainstream.

Does China Energy engineering's photovoltaic project business have a new contract value?

State-owned utility China Energy Engineering has released first-quarter figures indicating the contract value of its photovoltaic project business had increased more than fourfold on the values recorded in January to March 2021.

How will Huawei lead the future in residential scenario?

In residential scenario, Huawei aims to lead the future by advancing the evolution of household energy through component innovation and technological upgrades.