After record shipments in 2024, the global solar inverter market is set for a two-year downturn, shrinking 2% to 577 GWac this year and another 9% to 523 GWac in 2026, according to projections by
The global solar inverter market will contract for two consecutive years, declining 2% to 577 Gigawatts AC (GWac) in 2025 and a further 9% to 523 GWac in 2026, according to Wood Mackenzie''s
Solar power inverters convert the direct current (DC) energy produced by a solar panel into alternating current (AC). The different inverter types available in the market are central inverters, string
• Wood Mackenzie projects that annual community solar installations will contract beginning in 2025, with a little over 1 GW installed each year for the next 5 years.
Global Solar PV Inverter State of the Market 2025 - This report provides insight into the global and regional PV inverter markets, presenting a detailed breakdown of 2024 full-year shipment data, outlining
Huawei and Sungrow ranked as the top two global solar inverter manufacturers for the first half of 2025, with scores of 93.9 and 93.7, respectively. This ranking is based on the Global Solar Inverter
The global solar inverter industry is projected to contract over the next two years, according to analysis from Wood Mackenzie. The firm forecasts that worldwide inverter shipments will contract by 2% in
“After years of an exponential rise in solar inverter demand, continuous shipment growth is no longer realistic for even the top global inverter manufacturers,” Shangraw continued.
Globally, Woodmac forecasts that inverter shipments will contract 2% in 2025 and a further 9% in 2026, falling to 523GW by the end of next year.
The global solar inverter market will contract for two consecutive years, declining 2% to 577 GWAC in 2025 and a further 9% to 523 GWAC in 2026, according to Wood Mackenzie''s latest reporting.
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