Huawei remains a top-tier producer of photovoltaic inverters, commanding 23% of global market share as of Q1 2025 according to Wood Mackenzie's latest renewable energy report. But how did they achieve this dominance amidst fierce competition? Let's unpack their strategic moves. Nine of the top 10 PV inverter suppliers are based in China. The ranking places Chinese manufacturers Huawei and. . For the first time in Wood Mackenzie's 10 years of inverter market rankings, no vendor beyond the top two achieved more than 5% market share. Huawei was followed by Sungrow Power Supply and Ginlong Solis in the second and third position respectively, based on shipments. Get notified via email when this statistic is. .
The Canada Solar PV Panels Market is projected to grow from USD 156. 4 billion by 2031, at a CAGR of 12. Growth is supported by rising demand for clean energy, technological innovations in efficiency, and expanding infrastructure for renewable power. The Market Sizes and Forecasts are Provided in Terms of Installed Capacity. . Looking forward, IMARC Group expects the market to reach 14. The market growth is being propelled by the increasing awareness of environmental sustainability, rising government incentives for renewable energy, reducing costs of. . Canada Solar Energy Market size was valued at USD 6 Billion in the year 2024 and it is expected to reach USD 13 Billion in 2031, at a CAGR of 11. 7% during the forecast period of 2024 to 2031. 4 GW in 2024, projections indicate it could expand to 14.
