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Huawei & SMA Lead 2015 Global PV Inverter Rankings

Updated to include corrected chart and figures from GTM Research.

New figures from GTM Research have placed Huawei and SMA as the leading global vendors of solar PV inverters during 2015.

GTM Research‘s upcoming The Global PV Inverter and MLPE Landscape report found that SMA fell from first place for the first time, even though it managed to increase its global shipments by 44% and strengthen its position in the US. It also managed to hold onto its top place of the global rankings when measuring revenue.

However, it was Huawei which managed to use its strong growth in China to slip into the lead.

“Huawei has upended the notion that string inverters would be used in place of central inverters in small (and progressively larger) utility projects,” said Scott Moskowitz, an analyst with GTM Research. “The company has committed to a portfolio made up solely of string inverters, employing the devices in some of the largest solar power plants in the world.”



GTM concludes that the overall PV inverter market is consolidating, with the top 10 inverter vendors accounting for 75% of global shipments in 2015, up from 69% in 2014. The market is also becoming more balanced with regards to revenue, with the top 10 vendors accounting for 62% of the overall market.

“No matter how you view the numbers, the market is growing increasingly concentrated among leading suppliers in major markets,” added Moskowitz. “These same vendors are taking advantaging of global supply chains and additionally supplying growth markets in Latin America, South Asia and the Middle East.”

GTM does point out, however, that there is still room in the market for newcomers, pointing to SolarEdge, which rose 10 spots due to strong demand shipping to the United States and Europe. General Electric similarly rose 10 spots.

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