PV inverter market prospect 2024 and China best top 10 PV inverter companies

Under the goal of carbon neutrality, the development of the inverter industry has entered the fast lane. According to estimates, the global inverter market space will be 54.3 billion RMB in 2021, and it is expected to reach 136.7 billion RMB in 2025. China's inverter industry is in a leading position in the world. As more and more technological innovation companies, photovoltaic companies and specialized inverter manufacturers enter the market, China's inverter industry is also entering a stage of high-quality development.

Here are a variety of different powerful best chinese solar inverter products:

	500w	1000w	2000w	3000w
Product image
Price & Discount	$49.9(-29%)	$98.99(-29%)	$199.90(-20%)	$229.00(-23%)
Rated Input Voltage	12VDC	12VDC	12VDC	12VDC
Continuous Power	500w	1000w	2000w	3000w
Peak Power	1000w	2000w	4000w	6000w
More information	Click 500w inverter  to get the details	Click  1000w inverter to get the details	Click  2000w inverter  to get the details	Click  3000w inverter  to get the details

So in the photovoltaic inverter market, what are the leading brands? This article is an inventory of China best top 10 PV inverter companies in 2024, for your reference. The China best top 10 PV inverter companies in 2024 include HUAWEI, TYCORUN, JOEYOUNG, SUNGROW, SINENG, Growatt, GOODWE, TBEA, KELONG, KSTAR.

1. PV inverter market prospect in 2024

In recent years, the rapid development of photovoltaic and energy storage markets has opened up incremental space for the inverter market. As the core component of photovoltaic power station and energy storage systems, the inverter market will also usher in high growth. According to estimates, the global inverter market space will exceed 100 billion RMB in 2024.

2. China best top 10 PV inverter companies

Top 10 PV inverter companies in China in 2024

① HUAWEI

HUAWEI is the world's leading provider of ICT (information and communication) infrastructure and smart terminals. HUAWEI gives full play to its advantages in the two fields of digital technology and power electronics technology, and launches intelligent optical storage solutions for five major scenarios.

Including smart photovoltaic storage generators, smart string energy storage systems, industrial green power, household green power and smart micro-grid solutions. In the 1990s, HUAWEI began to research solar panel technology, and gradually entered the solar energy market in 2009.

In 2011, HUAWEI developed the world's most powerful crystalline silicon solar cell. In 2015, HUAWEI released the smart power strategy to further strengthen investment in solar energy and smart power.

In 2018, HUAWEI established the world's first smart photovoltaic innovation center in Hamburg, Germany, dedicated to the research and development of photovoltaic technology.

② TYCORUN

TYCORUN is a Chinese high-tech lithium ion battery and inverter manufacturing company that provides reliable and safe customized solutions for PV inverters and battery products for global users. 

As one of the best PV inverter brands in China, TYCORUN's full series of inverters comply with ETL safety regulations and have passed various certifications which guarantees the product safety. The TYCORUN inverters support fast charging, and has low no-load current (0.6A), with LCD LED display, which can detect voltage, power and other values in real time with an accuracy of 98%, which is at the leading level in the industry.

And all the TYCORUN inverters are equipped with powerful protection functions, such as low-voltage protection, overload protection, short-circuit protection, etc. If the voltage is lower or higher than the normal working voltage, the protection will be activated and will be quickly checked and automatically restored within 5 seconds, making it safe and excellent choice for your device.

③ JOEYOUNG

JOEYOUNG is a top solar inverter manufacturer based in China, dedicated to creating high-quality solar inverters that support clean energy production worldwide. With over 17 years of industry experience, they provide efficient and reliable solar PV inverters that meet the unique demands of residential, commercial, and industrial clients.

Founded in 2007, JOEYOUNG specializes in the research, development, and manufacturing of high-performance solar products. Their offerings include advanced solar inverters, controllers, smart systems, and intelligent energy services, all crafted to provide reliable and sustainable power solutions.

With a solid foundation built on innovation and expertise, Joeyoung stands out as a leader in the industry, offering an extensive product lineup that spans residential, commercial, and portable energy storage. They are constantly expanding our applications to meet market demands in fields.

Having served the solar inverter industry for over 17 years, JOEYOUNG has installed and operated more than 100,000 solar inverters globally, saving significant energy resources for residential and commercial users alike.Their commitment to green energy and sustainable development shapes everything they do, from product design to their customer relationships.

④ SUNGROW

SUNGROW is a Chinese key high-tech company focusing on the R&D, production, sales and service of new energy power supply equipment such as solar energy, wind energy, energy storage, hydrogen energy, and electric vehicles.

The main products are photovoltaic inverters, wind power converters, energy storage systems, surface photovoltaic systems, new energy vehicle drive systems, charging equipment, renewable energy hydrogen production systems, smart energy operation and maintenance services, etc. The company is committed to providing world-class clean energy full life cycle solutions.

⑤ SINENG

SINENG is a high-tech company specializing in photovoltaic inverters, energy storage inverters, power electronic components and system solutions. And it is one of the top 10 inverter battery best companies in the world.

SINENG's products cover photovoltaic inverters, energy storage inverters, battery management systems, integrated battery energy storage systems, etc., and provide comprehensive solutions and high-quality services to provide customers with comprehensive energy management solutions.

⑥ GROWATT

GROWATT is a company focused on sustainable energy generation, storage, consumption and energy digitization. The company designs, develops, and manufactures photovoltaic inverters, energy storage systems, and smart energy management systems, and reaches global households, industrial and commercial users through leading sales channels.

Today, GROWATT's business covers more than 160 countries and regions around the world, connecting about 1.5 million home and industrial and commercial end users around the world through the distributed energy ecosystem created by the interactive cloud platform.

⑦ GOODWE

GOODWE is a high-tech company specializing in intelligent manufacturing, new energy, new materials and other fields.

The company is mainly committed to R&D, production and sales of energy storage inverters, wind inverters, solar inverters and other products, and provides comprehensive solutions for intelligent manufacturing, intelligent logistics, intelligent security, smart city, industrial Internet, etc.

⑧ TBEA

TBEA is a Chinese high-tech company integrating scientific research, production, sales and service.

The company is mainly engaged in technology research and development and industrialization promotion of high-end transformers, new energy, high-end power electronics and other fields. It is reported that TBEA occupies a large share in the Chinese market.

At the same time, the company also exports energy storage inverters to global markets, such as Europe, South America, Africa and other regions. In addition, the company is also one of the suppliers of many photovoltaic, wind power, energy storage and other projects in China and abroad.

⑨ KELONG

KELONG is a high-tech company specializing in the field of smart grid and new energy. The company's main business is the research and development, production and sales of power electronic products and systems, new energy products and systems, and smart grid products and systems.

The products are widely used in wind power, photovoltaic, energy storage, rail transit, electric vehicles and other fields. By the end of 2021, the cumulative global installed capacity in the photovoltaic field will exceed 21GW, providing a full-power overall solution covering 3kW-9100KW, which is widely used in various power station scenarios such as large-scale ground, water surface, complex mountainous areas, industrial and commercial projects, and household projects.

In the field of energy storage, the global cumulative installed capacity exceeds 2.6GW/3.8GWh, and it provides solutions such as power generation side thermal power frequency regulation, grid side energy storage, and user side solutions.

⑩ KSTAR

KSTAR is a new energy solution provider specializing in solar energy, wind energy, energy storage and electric vehicle charging.

The company's main products include solar inverters, energy storage inverters, electric vehicle charging piles, etc., and is committed to providing innovative new energy solutions for global customers. KSTAR is committed to innovation based on global customer needs.

By integrating smart PV technology and innovative design, KSTAR PV Solution is safe, efficient and reliable, easy to install, creating value for customers to achieve better ROI with higher yields and lower maintenance cost.

Tycorun also has a diverse selection of inverters to cater to multiple requirements and applications. Their usual product lineup includes: car inverter 3000w, 2000 watt pure sine wave inverter, 1000w car inverter, 500 w power inverter.

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