Reshuffle

Global PV Inverter Reshuffle

The global PV inverter market is on a trajectory to witness a robust growth from 2025 to 2033. This is being driven by stark regional contrasts and concentrated manufacturing power, with Asia-Pacific led by China emerging as the global hub for both production and consumption. . Global PV Deployment • In 2024, between 554 GW dc and 602 GW dc of PV were added globally, bringing the cumulative installed capacity to 2. The rest of the world was up 11% y/y. The top 10 PV inverter vendors,led by Chinese giants Huawei and Sungrow,controlled 81%. . The global PV inverter market was valued at USD 34.