Does Europe have a solar inverter industry?

Ensuring interoperability. Europe has a strong foundation in its inverter manufacturing industry. In 2023, there was equivalent of 82.1 GW of solar inverter manufacturing capacity in the EU (compared to around 60 GW of solar installed in the same period).

Are European inverter manufacturers able to capture 20% of the market?

It is estimated that EU inverter manufacturers are only able to capture 20% of the market currently. Right now, European inverters have a critical opportunity to further tap into the technological advancements needed for the electrification and digitalisation of the energy system.

Are European inverter manufacturers facing competition?

However, European inverter manufacturers are facing pressure and growing competition. While some EU inverter companies keep growing and announcing reinvestment plans, their relative market share in Europe is shrinking. It is estimated that EU inverter manufacturers are only able to capture 20% of the market currently.