Press release
Largest Solar PV Inverter Suppliers in World | By IMARC Group
Solar PV Inverter Companies
A solar inverter is among the essential elements of a solar electric power plant. Often considered the brain of the system, its basic function is to alter direct current (DC) from the solar boards to alternating current (AC). In addition, solar inverters aid in maximizing electricity production by constantly varying the resistance (load) and ensuring compliance with rules about feeding electricity into the grid. Some of the other capabilities of these devices include managing temperature, optimizing power, and controlling and monitoring all parameters, yields, and operational data of the power plant. As a result, solar PV inverters find widespread applications across various sectors, such as utilities, industrial, residential, small and large commercial, etc.
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Solar PV Inverter Industry Growth Analysis:
The rising improvements in semiconductor power devices, including replacing silicon-based (Si-based) switches with gallium nitride (GaN)-based controls, are among the primary factors driving the solar PV inverter market. Besides this, the escalating demand for rural electrification, technological advancements, and the increasing investments in renewable energy are further augmenting the market growth. Moreover, the leading manufacturers, such as Huawei Technologies Co. Ltd, Sungrow Power Supply Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc, TBEX Xinjiang SunOasis Co., Ltd., etc., are introducing multi-level topologies to incorporate unique features of PV systems, including intrinsic boost capabilities, isolation, good power decoupling, single storage solar energy conversion, and dual grounding function, which is also catalyzing the global market.
Apart from this, the growing popularity of this device among users, as it assists in reducing switching losses, the voltage stress on the insulated-gate bipolar transistors (IGBT), and magnetics requirement, is expected to bolster the solar PV inverter market in the coming years.
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Top Solar PV Inverter Manufacturers:
1. Huawei Technologies Co. Ltd
Establishment: 1987
Headquarter: Shenzhen, China
2. Sungrow Power Supply Co Ltd
Establishment: 1997
Headquarter: Hefei, China
3. SMA Solar Technology AG
Establishment: 1981
Headquarter: Germany
4. SolarEdge Technologies Inc
Establishment: 2006
Headquarter: Israel
5. TBEA Xinjiang SunOasis Co., Ltd.
Establishment: 2000
Headquarter: China
6. Delta Energy Systems Inc.
Establishment: 1996
Headquarter: New York, United States
7. Kstar New Energy Co. Ltd
Establishment: 1993
Headquarter: Bangkok, Thailand
8. Sineng Electric Co. Ltd
Establishment: 2012
Headquarter: China
9. Enphase Energy Inc.
Establishment: 2006
Headquarter: California, United States
10. ABB Ltd
Establishment: 1988
Headquarter: Switzerland
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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