Huawei, Sungrow retain lead in 589-GW PV
Nine of the top 10 PV inverter suppliers are based in China. Huawei and Sungrow retained the top two positions for the 10th
“ Huawei and Sungrow ranked first and second in the rankings for the 10th consecutive year, combining for 55% of the global inverter market.” Total global inverter shipments reached 589 GW (AC) in 2024, up 10% from 2023.
A paid subscription is required for full access. As of 2023, 58 percent of all 5G base stations in China had been manufactured by Huawei. Its closest competitor was ZTE with a market share of 31 percent. Both telecom manufacturers have maintained a similar market share throughout all bidding rounds since 2020.
Huawei's 5G Power uses AI to enable communication and real-time connectivity, and the global management of grid power, energy storage, temperature control, and loads. These capabilities achieve green connectivity and computing, saving energy across three layers: modules, sites, and the network.
Huawei's 5G oriented power supply devices support both AC and solar power inputs. Diversified power sources improve the stability of power supply and reduce electricity fees and AC power reconstruction costs.
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