Finding
Huawei and Sungrow hold about 55% of the world inverter market, while the US market runs on different suppliers
Wood Mackenzie counted 589 GW AC of PV inverters shipped in 2024: Huawei 176 GW, Sungrow 148 GW, and nine Chinese companies in the top 10. Huawei has been largely out of the US market since 2019; Sungrow leads US shipments, with Enphase, SolarEdge, SMA, Power Electronics and TMEIC holding the rest.
Inverters are networked, firmware-updated devices that can curtail or trip a plant on command, which makes them a grid-security question. US agencies and utilities have tightened scrutiny of Chinese inverters and their communication modules, and foreign-entity-of-concern rules now limit Chinese content in projects claiming US clean-electricity credits. Lithuania and other European grid operators have restricted remote access by Chinese vendors.
Inside the box, the power semiconductors are shifting. Silicon carbide (SiC) MOSFETs first replaced silicon in the boost (MPPT) stage of string inverters and are moving into the inverter bridge as 1,500 V string inverters grow past 300 kW. Gallium nitride (GaN) suits the high switching frequency and small size of module-level electronics. The device suppliers are the same as for EV traction inverters: Infineon, onsemi, STMicroelectronics, Wolfspeed, Mitsubishi Electric and Fuji Electric, with StarPower, BYD Semiconductor and Sanan rising in China.
Topologies
Inverter topologies and where each fits
| Topology | How it works | Typical use | Leading vendors |
|---|---|---|---|
| String inverter | Converts DC from one or more series strings of panels; MPPT per string | Homes, commercial roofs, and utility plants built with 250-350 kW units | Huawei, Sungrow, Solis, Growatt, SMA, SolarEdge, Chint Power |
| Microinverter | One small inverter per panel or pair; DC never leaves the roof | Shaded or complex residential roofs; meets rapid shutdown natively | Enphase, Hoymiles, APsystems, Tesla (Solar Roof) |
| String plus optimizers | DC-DC optimizer at each panel feeds a fixed-voltage string inverter | Residential and commercial roofs | SolarEdge, Huawei, Tigo |
| Central inverter | 1-5 MW units in containerized skids with MV transformer | Utility-scale plants | Sungrow, SMA, Power Electronics, TMEIC, Ingeteam, GE Vernova |
| Hybrid inverter | Shared DC bus for PV and battery; grid-forming backup on outage | Homes and small business with storage | Tesla, SolarEdge, Enphase, Sol-Ark, GoodWe, Sungrow, Deye |
| Off-grid inverter-charger | Forms its own grid from a battery; generator input | Cabins, remote sites, island microgrids | Victron, Schneider Electric, OutBack, Deye |
Semiconductors
Silicon carbide moves in from the DC side
Corrected: central inverters remain mostly silicon IGBT; SiC adoption is fastest in string inverters.
| Inverter type | Dominant device | Trend |
|---|---|---|
| String inverter | Silicon IGBT; SiC MOSFET boost stage | SiC spreading from the MPPT stage into the bridge on 1,500 V units |
| Microinverter | Silicon MOSFET | GaN entering module-level designs for size and frequency |
| Power optimizer | Silicon MOSFET | Low voltage; GaN in early use |
| Central inverter | Silicon IGBT modules (three-level) | SiC limited by module cost at MW scale; hybrid Si-SiC modules appearing |
| Hybrid inverter | Silicon plus SiC | SiC in the bidirectional battery stage |
| Off-grid inverter | Silicon MOSFET and IGBT | Cost-driven; slowest to change |
Makers
Solar inverter makers
Global makers with their plant countries; US plants are named where they exist. Active companies first, then planned, closed and bankrupt ones.
Utility and commercial
| Company | Products | HQ | Plants | Technology | Status |
|---|---|---|---|---|---|
| Chint Power Systems | CPS string inverters | China | China | String inverters | active: Sells in the US as CPS America |
| Delta Electronics | M-series string inverters | Taiwan | Taiwan, China, Thailand | String inverters | active |
| Fimer | String and central inverters | Italy | Italy | String and central inverters | active: Former ABB solar inverter business |
| Gamesa Electric | Proteus central inverters | Spain | Spain | Central inverters and storage PCS | active |
| GE Vernova | FLEXINVERTER | US | Not disclosed | Central inverter skids for solar and storage | active |
| Huawei | SUN2000 string inverters and optimizers | China | China | String inverters to 300+ kW on 1,500 V | active: Largest inverter shipper; largely out of the US market since 2019 |
| Ingeteam | INGECON SUN inverters | Spain | Spain, US (Milwaukee, Wisconsin), India, Brazil | Central and string inverters | active |
| KACO new energy | blueplanet string inverters | Germany | Germany | String inverters | active: Owned by Siemens |
| Kehua Digital Energy | Central and string inverters; storage PCS | China | China | Central and string inverters | active |
| Power Electronics | Freemaq central inverters and storage PCS | Spain | Spain, US | Central inverters and battery PCS | active: Major supplier of US utility central inverters |
| Sineng Electric | Central and string inverters | China | China | Central and string inverters | active |
| SMA Solar Technology | Sunny Central, Sunny Tripower, Sunny Boy | Germany | Germany | Central, string and residential inverters | active |
| Solis (Ginlong) | String and hybrid inverters | China | China | String inverters | active |
| Sungrow | SG string and central inverters; PowerTitan storage | China | China, India, Thailand | String and central; SiC in boost stages | active: Second-largest shipper and the US utility market leader |
| TBEA SunOasis | Central and string inverters | China | China | Central and string inverters | active: TBEA subsidiary; TBEA is also China's largest transformer maker |
| TMEIC | Solar Ware Samurai central inverters | Japan | Japan, US | Central inverters and battery PCS | active |
| Yaskawa Solectria Solar | Commercial string inverters | US | US | String inverters | active: Owned by Yaskawa |
Residential and hybrid
| Company | Products | HQ | Plants | Technology | Status |
|---|---|---|---|---|---|
| APsystems | Multi-module microinverters | China | China | Microinverters | active |
| Enphase Energy | IQ8 microinverters | US | US (contract plants in Texas and South Carolina), Mexico, India | Microinverters | active: Largest microinverter maker; US-built units count toward domestic content |
| Fronius | Primo, Symo and Tauro inverters | Austria | Austria | String and hybrid inverters | active |
| Generac | PWRcell inverter | US | Not disclosed | Hybrid inverters | active |
| GoodWe | Residential and commercial string and hybrid inverters | China | China | String and hybrid inverters | active |
| Growatt | Residential and commercial string and hybrid inverters | China | China | String and hybrid inverters | active |
| Hoymiles | Microinverters | China | China | Microinverters | active |
| SolarEdge | Home Hub inverters with power optimizers | Israel | US (Austin, Texas; Tampa, Florida), Vietnam | Optimizer-based string inverters | active: Moved production for the US market to US contract plants |
| Tesla | Powerwall 3 and Tesla Solar Inverter | US | Not disclosed | Hybrid inverter built into the battery | active |
Sources
Sources and scope
- Scope
- Solar Power Inverters
- Sources
- Wood Mackenzie global PV inverter market share, 2025; vendor data
- Updated
- October 2026