Huawei and Sungrow emerged as the world's leading solar inverter manufacturers in the first half of 2025, according to the Global Solar Inverter Manufacturer Rankings H1 2025 report published by Wood Mackenzie. Huawei secured the top position with a score of 93. 9, closely followed by Sungrow with. . This report provides rankings of the top PV inverter manufacturers based on megawatts shipped, which are broken down globally, regionally, by product type, and by major market. The report also covers global and regional year-over-year market growth, highlighting the countries with the largest. . The solar inverter market size has grown rapidly in recent years. It will grow from $16. 23 billion in 2025 at a compound annual growth rate (CAGR) of 9. The growth in the historic period can be attributed to increased adoption of solar photovoltaic (pv) systems, growth. . The global solar inverter market will contract for two consecutive years, declining 2% to 577 GWAC in 2025 and a further 9% to 523 GWAC in 2026, according to Wood Mackenzie's latest reporting. The downturn follows record shipments in 2024 and reflects market uncertainty across major regions. . Challenges and innovations drive solar and energy storage inverter industry forward in 2025. Image: Klaus Ableiter, Wikimedia Commons After a challenging 2024, marked by high inventory levels and declining residential demand, the inverter market is set to recover in 2025. Global inverter shipments. .
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