How big is Europe's inverter industry?

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.

Why is EU inverter market share shrinking?

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.

Which countries produce the most inverters in the EU?

The top countries for inverter production are Spain and Germany, with Spain providing almost half the total EU manufacturing capacity from 4 companies, while Germany hosts almost a third of EU manufacturing capacity, from at least 8 inverter producers

Why should we build on the success story of European inverters?

Dries Acke, Deputy CEO and Policy Director at SolarPower Europe said, “We need to build on the success story of European inverters. The electrification wave is a critical opportunity for Europe’s inverters to seize the innovation edge and establish a competitive global market share.

Why do we need a European inverter ecosystem?

European inverters have a critical opportunity to further tap into the technological advancements needed for the electrification and digitalisation of the energy system. The IPCEI aims to ensure that the EU inverter ecosystem maintains an innovation edge, globally. Also see: Inverters as interface of the energy transition

Which country produces the most cost-competitive solar PV supply chain?

China is the most cost-competitive location to manufacture all components of the solar PV supply chain. Costs in China are 10% lower than in India, 20% lower than in the United States, and 35% lower than in Europe. Large variations in energy, labour, investment and overhead costs explain these differences.