10 most popular solar inverters in Europe in 2024

The European renewable energy market is currently shaped by two key trends: decreasing prices and intensifying competition among industry players. The first half of 2024 proved to be particularly challenging for manufacturers and distributors navigating these dynamics. So, who emerged as the leader in this competitive landscape? In this article, we’ve identified the top 10 most popular solar inverters in Europe from January to July 2024, revealing who has claimed the top spot in this rapidly evolving market.

1. Enphase IQ8 Microinverter

Manufacturer: Enphase Energy (USA)
Sales Statistics: Enphase continues to lead the microinverter market in Europe, with a market share of approximately 28% in the residential sector. The IQ8 series has sold over 150,000 units across Europe during the first half of 2024.
Key Features: The IQ8 is the first grid-forming microinverter, enabling homes to use solar power alone for backup during outages.

2. SolarEdge HD-Wave Inverter

Manufacturer: SolarEdge Technologies (Israel)
Sales Statistics: SolarEdge holds around 25% of the European market for residential solar inverters. The HD-Wave series has reported sales of over 120,000 units in Europe from January to July 2024.
Key Features: Known for its compact design and superior efficiency, the HD-Wave inverter is particularly popular in urban residential installations.

3. SMA Sunny Boy Inverter

Manufacturer: SMA Solar Technology (Germany)
Sales Statistics: SMA maintains a strong presence in Europe with a market share of approximately 22% in the residential and small commercial sectors. The Sunny Boy series has sold over 110,000 units in Europe during this period.
Key Features: Renowned for its reliability, the Sunny Boy is a go-to choice for home and small business installations.

4. Fimer REACT 2 Hybrid Inverter

Manufacturer: Fimer S.p.A. (Italy)
Sales Statistics: The REACT 2 has captured about 15% of the hybrid inverter market in Europe, with around 45,000 units sold in the first half of 2024.
Key Features: This hybrid inverter is ideal for maximizing self-consumption with its integrated energy storage capabilities.

5. Fronius Primo Inverter

Manufacturer: Fronius International GmbH (Austria)
Sales Statistics: Fronius is a major player in the European market, with the Primo series selling approximately 95,000 units during this period. The company holds about 20% of the residential inverter market.
Key Features: The Primo series is celebrated for its robust performance and excellent customer service, making it a preferred choice for residential systems.

6. Huawei SUN2000 Series

Manufacturer: Huawei Technologies Co., Ltd. (China)
Sales Statistics: Huawei has been expanding its presence in Europe, achieving around 18% market share in the commercial inverter segment with over 70,000 units sold in the first half of 2024.
Key Features: The SUN2000 series is noted for its AI-driven energy management and is popular in large-scale commercial projects.

7. GoodWe DNS Series

Manufacturer: GoodWe Power Supply Technology Co., Ltd. (China)
Sales Statistics: GoodWe has sold over 60,000 DNS series inverters in Europe, capturing around 10% of the residential market share in 2024.
Key Features: The DNS series is valued for its cost-effectiveness and high reliability in both residential and small commercial applications.

8. Delta M70A String Inverter

Manufacturer: Delta Electronics (Taiwan)
Sales Statistics: Delta's M70A series has been a top choice for commercial installations, with about 50,000 units sold across Europe, representing 12% of the commercial market share.
Key Features: The M70A inverter is popular for its robust design and efficiency, especially in large-scale solar projects.

9. Solis S6-EH1P Hybrid Inverter

Manufacturer: Ginlong Technologies (Solis) (China)
Sales Statistics: Solis has captured around 8% of the hybrid inverter market in Europe, with approximately 40,000 units sold in the first half of 2024.
Key Features: The S6-EH1P is recognized for its seamless integration with energy storage systems, making it a strong contender in the hybrid market.

10. Kostal PIKO MP Plus

Manufacturer: Kostal Solar Electric GmbH (Germany)
Sales Statistics: Kostal's PIKO MP Plus series has seen about 35,000 units sold in Europe, capturing around 7% of the residential and small commercial inverter market.
Key Features: The PIKO MP Plus is known for its modular design, allowing flexible installation and easy integration with energy management systems.

These inverters have been selected based on their sales figures, market share, and performance across Europe in 2024, demonstrating their popularity and effectiveness in various renewable energy projects (sources: ibcentre, Market Research Future, Solar Power World).