Enphase Energy shuts its manufacturing plant in Romania. Image: Enphase Energy
Europe boasts more than 82GW of annual inverter production capacity, but EU inverter companies’ market share in the continent is shrinking due to a lack of domestic support policies and fierce competition from Asia — especially China — accounting for only 21% as of 2023, according to trade body SolarPower Europe.
In its Inverters 2.0: Strengthening Europe’s inverter industry report, SolarPower Europe said Europe’s inverter manufacturing capacity grew from 72GW in 2022 to 82GW in 2023, representing a 14% growth. Last year, the global inverter manufacturing capacity reached 559GWac, with Asian countries accounting for 76.9% of the capacity, while European inverter manufacturers only produced 21% of inverters worldwide in 2023.
(The above content is reproduced from pv-tech，By Simon Yuen）
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