Huawei, the Chinese technology giant, continues to dominate the solar inverter market in Europe, according to a new report by Wood Mackenzie. The company has been named the world’s biggest inverter supplier for the seventh year in a row, followed by Sungrow and Growatt.
Total inverter shipments reached 225,386MWac last year, Wood Mackenzie’s 2021 inverter market tracker has revealed, a 22% increase from 2020 which was primarily driven by strong growth in Europe, India, and Latin America. In Europe specifically, Huawei has solidified its position as the leading supplier of solar inverters, with a market share of 26%.
The company’s inverter business has been well-received in the European market and has helped to drive the growth of the solar energy industry in the region. Huawei’s inverters have been installed in more than 10,000 projects across Europe, and the company has been recognized for its outstanding service and support, which has helped to ensure the smooth operation of these projects.
Huawei has also focused on building strong partnerships with key stakeholders in the industry, including installers, distributors, and developers. These partnerships have helped the company to gain a deep understanding of the needs of the European market and to tailor its products and services to meet those needs.
Huawei has also been a key player in the growth of the European solar market, which has seen a significant increase in the use of renewable energy sources in recent years. The company has provided solutions for a wide range of projects, including large-scale solar parks, rooftop systems and community solar projects. Huawei’s commitment to sustainability and renewable energy is also evident in its efforts to expand its solar business in Europe. With a growing demand for clean energy and a need to decarbonize the economy, Huawei’s solar inverter business is well positioned to continue its success in the future.