Top 10 inverter battery best companies in the world in 2024

 

 

Total global inverter shipments grew significantly in 2023

The inverter is a power device that converts direct current to alternating current. It can convert direct current into alternating current with adjustable frequency and amplitude to meet the quality requirements of connecting to the power grid. It is an important part of new energy power generation on the grid. From the application side, the current business of global inverter companies mainly covers grid-connected inverters, energy storage inverters and energy storage systems (SUNGROW also has wind power converters), and its application scenarios can be divided according to power size. For power station + large industrial and commercial (high power) and home energy storage (low power).

Total global inverter shipments grew significantly in 2021

 

The top 11 companies in the global inverter shipments account for about 54% of the industry market share. The world's Top 10 inverter battery best companies are: SUNGROW, HUAWEI, GINLONG, GROWATT, SMA, GOODWE, PowerElectronics, SINENG, SolarEdge and TMEIC. This article will give you a detailed introduction to the comprehensive information about Top 10 inverter battery best companies in the world in 2024, covering the company's development history, main products and services, as well as the latest news and related industry layouts.

Top 10 inverter battery best companies in the world in 2024

Top 10 inverter battery best companies in the world in 2024
Ranking Company
1 SUNGROW
2 HUAWEI
3 GINLONG
4 GROWATT
5 SMA
6 GOODWE
7 PowerElectronics
8 SINENG
9 Solar Edge
10 TMEIC

① SUNGROW

SUNGROW

Established time

July 11, 2007

Global headquarters

Anhui, China

Total market value

141.704 billion RMB

Company website

https://www.sungrowpower.com/

Company profile:

SUNGROW, which ranks first among the Top 10 inverter battery best companies, is a company specializing in the research and development, production, sales and service of new energy power equipment such as solar energy, wind energy, energy storage, hydrogen energy, and electric vehicles.

solar energy

Main products and services:

SUNGROW's main products include photovoltaic inverters, wind power converters, energy storage systems, water surface photovoltaic systems, new energy vehicle drive systems, charging equipment, renewable energy hydrogen production systems, and smart energy operation and maintenance services. And it is committed to providing world-class clean energy full life cycle solutions.

Latest news and recent layout:

Recently, authoritative data announced the Top 10 shipments of global photovoltaic inverter companies in 2021, and SUNGROW ranked first in the world with a score of 47GW. Previously, on May 26, 2022, SUNGROW held an online new product launch conference, and launched the industry's first "three-electrical integration" full-series of liquid-cooled energy storage solutions PowerTitan and PowerStack for large-scale ground, industrial and commercial power station application scenarios.

 

 

 

② HUAWEI

HUAWEI

Established time

September 15, 1987

Global headquarters

Guangdong, China

Registered capital

40.44113182 billion RMB

Company website

http://www.huawei.com/cn

Company profile:

HUAWEI is not only one of the largest inverter manufacturers in the world, but also one of the Top 10 inverter battery best companies. With more than 30 years of professional experience in the field of digital information technology, HUAWEI provides leading smart photovoltaic solutions. By integrating artificial intelligence and cloud technologies, HUAWEI further combines many of the latest ICT technologies with photovoltaics to achieve optimal power generation, thus enabling solar power plants to have efficient, safe, reliable, intelligent operation and maintenance, and grid support capabilities, making solar energy a major source of power. Energy laid the foundation.

Main products and services:

Smart photovoltaic inverters.

Recent layout:

On April 28, 2022, HUAWEI officially stated that in 2021, the global shipment of HUAWEI smart photovoltaic inverters will exceed 52GW, and the global shipment of energy storage systems will exceed 2GWh.

 

③ GINLONG

GINLONG

Established time

September 9, 2005

Company location

Zhejiang, China

Total market value

75.797 billion RMB

Company website

https://www.ginlong.com/cn

Company profile:

Based on the new energy industry, GINLONG is an company specializing in the research and development, production, sales and service of string inverters, the core equipment of photovoltaic power generation systems. After more than ten years of development, GINLONG is the first A-share listed company with string inverters as its main business, and the first inverter company in the world to obtain a reliability test report from PVEL, a third-party authoritative organization.

Main products and services:

Single-phase photovoltaic inverters, small three-phase photovoltaic inverters, large three-phase photovoltaic inverters, energy storage inverters and other equipment, such as box data collectors, intelligent power control boxes, etc.

Recent layout:

JINLONG focuses on the layout of energy storage inverters, with a wide range of products including single-phase/three-phase, high-voltage/low-voltage, and power coverage of 1-10KW. In 2019/2020/2021, the shipments of energy storage inverters will be 0.22/0.50/30,000 units, respectively, and the shipments will increase by 100%+/500% in 2020/2021, especially in 2022. 900,000 units. With the high overlap of string and energy storage channel customers, with the outbreak of household storage in Europe, energy storage shipments are expected to be 300,000 units in 2022, an increase of nearly 10 times, exceeding market expectations. In 2023, energy storage shipments are expected to increase by 2-3 times, and the proportion is expected to exceed that of string inverters.

 

④ GROWATT

GROWATT

Established time

March 3, 2011

Company location

Guangdong, China

Registered capital

51.949 million RMB

Company website

https://www.growatt.com/

Company profile:

Among the Top 10 inverter battery best companies in the world, Growatt is a new energy company specializing in R&D and manufacturing of solar grid-connected, energy storage systems, smart charging piles and smart energy management solutions,and actively deploys the solar pv industry. In March 2021, Growatt Smart Industrial Park was officially completed and put into operation in Huizhou.

The industrial park covers an area of 200,000 square meters and can provide 3 million sets of high-quality inverter products to global users every year. According to a report, Growatt ranks among the Top 10 in the global PV inverter shipments, the first in the global household PV inverter shipments, and the second in the global hybrid energy storage inverter shipments.

Main products and services:

Photovoltaic inverter (string inverter): household power station, commercial power station and large power station; Photovoltaic grid-connected solutions: 1500V large-scale power station solutions, household power station solutions, photovoltaic village-level power station solutions, small and medium-sized industrial and commercial rooftop power station solutions, large-scale industrial and commercial rooftop power station solutions and water surface power station solutions.

Recent layout:

Recently, Growatt launched the MAX 125KTL3-X2 LV industrial and commercial flagship new product. The MAX 125KTL3-X2 LV inverter continues the product features of high conversion efficiency, high power density, high single-unit power, extreme safety and comprehensive intelligence of the MAX 125KTL3-X LV inverter, and further optimizes the MPPT channel design (8 channels). MPPT), which further increases the maximum string current to the industry's highest level of 22.5A, perfectly adapting to 500W+/600W+ high-current and high-power components.

 

⑤ SMA

SMA

Founded date

1981

Global headquarters

Niestetal, Germany

Total market value

1.447 billion EUR

Company website

https://www.sma.de/en.html

Company profile:

As the world's leading provider of solar system solutions and services, SMA has always been committed to setting industry standards for renewable energy supply. SMA's products include solar and energy storage inverters of different power levels, electric charging piles and energy solutions such as green hydrogen production.

Main products and services:

PV inverters, hybrid inverters, battery inverters and system solutions & packages.

 

⑥ GOODWE

GOODWE

Established time

November 5, 2010

Global headquarters

Jiangsu, China

Total market value

34.057 billion RMB

Company website

https://www.goodwe.com/

Company profile:

GOODWE is a technology enterprise based on the conversion, energy storage conversion and energy management of new energy power equipment. The main business products include photovoltaic grid-connected inverters, photovoltaic energy storage inverters, intelligent data collectors and SEMS smart energy management systems. GOODWE's full line of photovoltaic inverter products are sold on a large scale to more than 100 countries and regions around the world.

Main products and solutions:

Products: Residential photovoltaic inverters, industrial and commercial photovoltaic inverters, ground photovoltaic inverters and energy storage inverters; Solutions: household power station solutions, industrial and commercial power station solutions and ground power station solutions

Recent layout:

On June 17, 2022, GOODWE issued an announcement that it plans to raise no more than 2.54 billion RMB for the company's production expansion. The announcement shows that the funds raised by GOODWE this time will be used for the construction project of an annual output of 20GW grid-connected inverter and 2.7GWH energy storage battery production base, an annual output of 20GW grid-connected, energy storage inverter and 1.8GWH energy storage battery Production base construction projects and supplementary working capital.

 

⑦ Power Electronics

Power Electronics

Founded date

1987

Company location

Valencia, Comunidad Valenciana, Spain

Total market value

NT$13.96B

Company website

https://power-electronics.com/

Company profile:

Power Electronics is a Spanish multinational manufacturer of Power Electronic Devices. Power Electronics has more than 20 years of history and is a pioneer in the industry. As a manufacturer, Power Electronics' products - soft starters and frequency converters use the most advanced development technology in the field of electronic power.

Main products and services:

Solar inverters.

Recent layout:

Recently, TrinaStorage announced that it has signed an LOI with PowerElectronics, and is expected to deepen the strategic cooperation of more than 1GWh of energy storage by the end of 2023. The partnership will use both TrinaStorage's new battery energy storage system Elementa and PowerElectronics' latest PCSK energy storage inverter.

 

⑧ SINENG

SINENG

Established time

March 30, 2012

Company location

Jiangsu, China

Total market value

12.738 billion RMB

Company website

https://www.si-neng.com/#/

Company profile:

As one of the Top 10 inverter battery best companies in the world, SINENG is a company specializing in the R&D, manufacturing and sales of power electronic products. Its business covers photovoltaic inverters, energy storage systems, power quality management, power station development and other fields.

In the field of photovoltaics, SINENG provides full-scenario photovoltaic power generation solutions. The products cover centralized, string, and distributed inverters in various power segments from 8kW to 6800kW, which are widely used in large-scale ground, mountain, water, industrial and commercial roofs, households and other scenarios to meet the diverse needs of customers.

Main products and solutions:

Photovoltaic inverter products: string inverters, centralized inverters, distributed inverters, intelligent combiner boxes and intelligent operation and maintenance management platforms; photovoltaic inverter solutions: large-scale ground power stations, complex mountain power stations, solutions for surface power plants, large industrial rooftop power plants, small industrial and commercial rooftop power plants and household power plants.

Recent layout:

In December 2021, the world's first photovoltaic and energy storage demonstration experimental platform in Datong District, Daqing City, was completed and put into operation, with a scale of 200MW in the first phase. SINENG provided the base with 230 250kW string integrated machines, dozens of 225kW and 175kW string inverters, 3.125MW centralized integrated machines, 3.15MW distributed integrated machines and other types of inverters. After the project is put into operation, it will speed up the green and low-carbon development of Daqing and help build a new power system with new energy as the main body.

 

⑨ SolarEdge

solar edge

Founded date

2006

Global headquarters

Herzliya, Israel

Total market value

15.860 billion USD

Company website

https://www.solaredge.com/

Company profile:

SolarEdge is the preferred partner for industry-leading installers, integrators, and other energy market participants. SolarEdge developed the DC optimized inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge intelligent inverter solution maximizes power generation while lowering the cost of energy produced by the PV system, for improved RoI. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its diversified product offering, including residential, commercial and large scale PV, energy storage and backup solutions, EV charging, home energy management, grid services and virtual power plants, batteries and uninterrupted power supply (UPS) solutions.

Main products and services:

PV Inverters:SolarEdge Energy Hub/Single Phase Inverters with HD-Wave Technology&Three Phase Inverters.

Related news:

SolarEdge and Enphase currently hold more than 80% of the global market share of microinverters. In 2021, SolarEdge, as the only string + micro-inverter company, have a global shipment of photovoltaic inverters exceeding 7GW.

 

⑩ TMEIC

TMEIC

Founded date

2003

Global headquarters

Tokyo, Japan

Company website

https://www.tmeic.com/zh-hans

Company profile:

TMEIC drives the global industry forward with a broad range of system solutions, including variable frequency drives, motors, photovoltaic inverters, and advanced automation systems for a variety of industrial applications.

Main products and solutions:

Indoor-level PV inverters, large-scale centralized PV inverters, and utility-level PV systems; substation solutions and solar solutions.

Recent layout:

Recently, TMEIC provided the world's leading IEGT main drive series products (TMD-70e2), a complete set of automation control systems (nVController and Web- based technologies) and powerful process models.

After learning about the industry layout and the latest news about the global Top 10 inverter battery best companies, you may want to know the information of Chinese inverter battery companies. The Top 5 inverter battery companies on our website will give you everything you need to know, this article provides details of the best inverter battery companies in China. As for more product price information about inverters, please check inverter 3000 watt priceinverter 2000 watt price1000w inverter price, and 500 w inverter price.

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