Ranking of Photovoltaic Inverter Companies by Market Capitalization

JinkoSolar Holding Co.1. LONGi Green Technology Co. Ltd2. Enphase Energy Inc Market cap: $28.65 bn . 3. Kyocera Solar Market cap: $20.71 bn . 4. First Solar Inc Market cap: $17.71 bn . 5. Solaredge Technologies Inc Market cap: $17.61 bn . 6. Sharp Solar Market cap: $4.86 bn . 7. SunPower Corporation Market cap: $2.60 bn .

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.

On the first day of the conference, PVBL’s annual ranking of the Top 20 Global Photovoltaic Inverter Brands was announced. Most of the companies in the above list are listed companies and the data was mainly taken from their 2022 annual report and public documents.

As of May 2024, First Solar was the leading solar energy company worldwide, based on market capitalization. The company was valued at 20.25 billion U.S. dollars on May 7, 2024.

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.

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6 FAQs about [Ranking of Photovoltaic Inverter Companies by Market Capitalization]

How pvbl ranked the top 20 global photovoltaic inverter brands in 2023?

What is the global PV inverter market share?

Global PV inverter shipments grew by 56% to 536 gigawatts alternating current (GWac) in 2023, reflecting a strong year for the broader solar industry. The top 10 global PV inverter vendors accounted for 81% of the market, according to Wood Mackenzie’s ‘ Global solar inverter and module-level power electronics market share 2024’ report.

Which PV inverter vendors shipments grew the most in 2022?

What is the global demand for PV inverters in 2022?

The global PV demand of 201 gigawatt alternating current (GWac) in 2022 contributed to 48% growth year-over-year for PV inverters. In terms of inverter shipments, strong growth in Europe, Asia Pacific, and the United States where government support bolstered to meet clean energy goals led to a total of 333 GWac of global shipments in 2022.

What are the top solar companies?

The top solar company is NextEra Energy with a market cap of $151.19 billion. All of the companies in our top 10 list have a market cap of at least $2.96 billion.

Which PV inverter vendors shipped the most GWAC in 2022?

Wood Mackenzie noted that the top five vendors shipped more than 200 GWac and accounted for 71% of total global PV inverter shipments in 2022, up 8% from 2021. The report notes that 2022 top vendor Huawei shipment increased 83%. Ginlong Solis posted growth of 86%. For the eighth consecutive year, the top two vendors were Huawei and Sungrow.

Ranking of Photovoltaic Inverter Companies by Market Capitalization