Floating PV Power Electronics Market Report 2034

Report Description

This report is updated with the latest market data and insights as of June 2026. Base year: 2025  |  Forecast period: 2026-2034

Floating PV Power Electronics Market Outlook

According to our latest research, the global Floating PV Power Electronics market size reached USD 1.37 billion in 2025, demonstrating robust expansion driven by increasing adoption of renewable energy solutions worldwide. The market is projected to grow at a compound annual growth rate (CAGR) of 22.7% from 2026 to 2034, reaching a forecasted value of USD 9.35 billion by 2034. This remarkable growth is primarily propelled by the rising demand for efficient, space-saving solar energy systems and the growing global emphasis on sustainable power generation as nations pursue net-zero commitments.

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The primary growth factor for the Floating PV Power Electronics market is the escalating global focus on renewable energy and the urgent need for innovative solutions that maximize solar power generation without consuming scarce land resources. With land-based solar installations facing persistent challenges such as land scarcity, high acquisition costs, and community opposition, floating photovoltaic (FPV) power plants have emerged as a highly viable alternative. These systems, deployed on reservoirs, irrigation ponds, industrial lakes, and coastal water bodies, not only optimize unused water surfaces but also reduce water evaporation by up to 33% and improve panel efficiency due to the natural cooling effect of water. The integration of advanced power electronics, including inverters, converters, controllers, and monitoring systems, ensures maximum energy yield, system reliability, and grid stability, all of which are critical for large-scale commercial and utility adoption.

Another significant driver is the accelerating stream of investments from both public and private sectors in floating solar projects, particularly in regions with abundant water resources and limited buildable land. Government policies, feed-in tariffs, renewable portfolio standards, and supportive regulatory frameworks are encouraging utilities and independent power producers to actively pursue floating PV installations throughout the 2026-2034 forecast period. Technological advancements in power electronics components have further enhanced the safety, scalability, and performance of floating PV systems, making them attractive across utility-scale, commercial, and residential applications. The declining costs of solar modules and power electronics, combined with improved energy conversion efficiencies now exceeding 99% for premium string inverters, are accelerating market penetration across all regions.

Furthermore, the global shift toward digitalization and smart grid integration is fueling demand for sophisticated monitoring and control systems within floating PV plants. Real-time data analytics, remote diagnostics, and AI-powered predictive maintenance are becoming standard features, ensuring optimal operation, minimizing unplanned downtime, and extending asset lifespans. The synergy between floating PV and advanced power electronics is enabling grid operators to manage variable renewable energy sources more effectively, thus supporting the accelerating global transition to clean energy. As countries strive to meet their carbon neutrality goals by 2050, the adoption of floating PV power electronics is expected to witness exponential growth through 2034. The broader ecosystem, including power electronics designed for renewable energy applications, is evolving rapidly to address the unique environmental and operational demands of aquatic solar installations.

From a regional perspective, the Asia Pacific region dominates the Floating PV Power Electronics market, accounting for approximately 55% of global revenue in 2025, driven by rapid deployment in China, Japan, South Korea, and India. Europe and North America are also experiencing significant growth, fueled by ambitious renewable energy targets and continuous technological innovation. Latin America and the Middle East and Africa are emerging markets with considerable potential, supported by favorable climatic conditions, expanding water infrastructure, and increasing investments in renewable energy. The regional landscape is characterized by diverse market dynamics, regulatory environments, and adoption rates, making it essential for stakeholders to tailor their strategies accordingly.

Component Analysis

The Component segment of the Floating PV Power Electronics market encompasses a broad range of essential devices, including inverters, converters, controllers, monitoring systems, and other auxiliary components. Inverters represent the backbone of floating PV systems, converting direct current (DC) generated by solar panels into alternating current (AC) suitable for grid integration or local consumption. Inverters account for approximately 42.5% of total component market revenue in 2025, and the demand for advanced string and central inverters with high efficiency ratings and robust ingress protection is surging as project developers seek to enhance yield and reliability in aquatic environments. These inverters are specifically engineered to withstand persistent humidity, salt spray, corrosion, and fluctuating temperatures, ensuring long-term operational stability across project lifespans of 25 to 30 years.

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Converters and controllers are equally critical, as they regulate voltage and current, optimize power flow, and ensure seamless interaction between the floating PV array and the grid. The growing complexity of floating installations, especially at utility scale, necessitates the use of sophisticated controllers capable of managing energy storage systems, tracking maximum power points under dynamic shading conditions, and maintaining system safety in challenging aquatic environments. DC-DC converters are gaining considerable traction for their ability to improve energy conversion efficiency across long cable runs and facilitate hybrid configurations integrating battery storage or other renewable sources. For a deeper look at complementary hybrid configurations, stakeholders increasingly explore floating PV integrated with hydropower assets, where advanced converters and controllers manage the complex power flows between two generation sources. The integration of advanced algorithms, digital twin models, and cloud-based interfaces in these components is further enhancing their functionality and real-world adaptability.

Monitoring systems have become indispensable in modern floating PV projects, enabling real-time surveillance, granular performance analytics, and predictive maintenance across entire plant portfolios. These systems leverage IoT sensors, cloud-based SCADA platforms, and AI-driven analytics to deliver actionable insights into panel output, environmental conditions, water surface movement, and equipment health. As the scale and complexity of floating PV installations increase through 2034, centralized and edge-based monitoring solutions are being adopted to minimize downtime, reduce operational expenditures, and extend asset lifespans. The trend toward fully remote and automated operation is particularly pronounced in large utility-scale projects, where manual intervention across open water bodies is both logistically challenging and operationally costly. Monitoring systems currently represent approximately 13% of total component revenue in 2025 and are projected to be among the fastest-growing sub-segments through 2034.

Other components, such as protection relays, communication modules, arc-fault circuit interrupters, and weather monitoring devices, play critical supporting roles in ensuring the safe and compliant operation of floating PV power electronics. These auxiliary devices contribute to system resilience, grid code compliance, environmental monitoring, and cybersecurity, all of which are crucial for regulatory approvals and long-term investor confidence. The ongoing innovation in corrosion-resistant materials, modular enclosure designs, and plug-and-play integration techniques is driving continuous evolution across the component landscape. Manufacturers are also developing components specifically certified for marine and freshwater environments, addressing a key gap that previously limited floating PV deployment to calmer, inland water bodies. Advances in floating PV tracking systems are also influencing the power electronics component roadmap, as dynamic tracking introduces additional demands on inverter ramp rates and controller responsiveness.

In summary, the Component segment is characterized by rapid technological advancement, increasing system complexity, and an intense focus on reliability and efficiency under demanding aquatic conditions. The interplay between inverters, converters, controllers, monitoring systems, and auxiliary devices is shaping the future of floating PV power electronics, enabling higher energy yields, improved grid compatibility, and enhanced operational performance. Market participants are investing heavily in research and development to deliver innovative solutions that address the unique challenges of floating solar installations and capitalize on the vast growth opportunities in this dynamic and rapidly expanding market.

Report Scope

Application Analysis

The Application segment of the Floating PV Power Electronics market is broadly categorized into utility-scale, commercial, and residential deployments, each with distinct requirements, challenges, and growth trajectories. Utility-scale floating PV installations represent the largest and fastest-growing application, driven by the need to generate substantial quantities of renewable electricity for national and regional grids. These projects, often spanning tens or even hundreds of megawatts, require robust power electronics systems capable of handling high power densities, ensuring grid stability, and supporting fully remote monitoring and control. The scalability and efficiency of floating PV systems make them ideal for repurposing reservoirs, hydroelectric lakes, and managed water bodies, especially in densely populated regions with limited available land for ground-mounted solar installations.

Commercial applications of floating PV power electronics are gaining significant momentum as businesses seek to reduce energy costs, enhance sustainability credentials, and comply with tightening environmental regulations. Commercial-scale installations, typically ranging from a few hundred kilowatts to several megawatts, are being deployed on industrial water bodies, irrigation ponds, wastewater treatment plants, and aquaculture facilities. These projects benefit from advanced power electronics solutions that offer modularity, seamless integration with existing energy management infrastructure, and enhanced monitoring capabilities that support corporate energy reporting. The ability to generate clean energy on-site and directly offset electricity consumption is particularly attractive to manufacturers, agribusinesses, and data center operators with high and predictable energy demands.

The residential segment, while currently the smallest application category, is poised for accelerating growth through 2034 as floating PV technologies become more accessible, affordable, and plug-and-play ready. Homeowners with access to private ponds or small lakes are increasingly exploring compact floating solar solutions to generate renewable electricity, reduce utility bills, and increase energy independence. Innovations in micro-inverters, wireless monitoring apps, and automated maximum power point tracking controllers are making it substantially easier for residential users to install, operate, and maintain floating PV systems with minimal technical expertise. Several manufacturers have introduced pre-packaged residential floating PV kits, bundling power electronics, floats, and anchoring systems into a single deployable unit.

Across all application segments, the integration of battery energy storage solutions is emerging as a defining trend, enabling greater flexibility, grid support, and resilience against solar intermittency. Power electronics play a pivotal role in managing the real-time interaction between solar generation, storage dispatch, and grid export, ensuring optimal energy utilization and seamless backup during periods of low irradiance or grid instability. The convergence of floating PV with distributed wind, run-of-river hydro, and demand response platforms is also opening new avenues for hybrid renewable energy systems, further expanding the addressable market for specialized power electronics suppliers.

In conclusion, the Application segment of the Floating PV Power Electronics market is characterized by diverse use cases, rapidly evolving customer expectations, and continuous technological innovation. Utility-scale projects remain the primary growth engine through 2034, but commercial and residential applications are expected to gain meaningful market share as affordability, market awareness, and regulatory support continue to improve across all geographies. The ability of power electronics systems to deliver reliable, efficient, and scalable solutions across these different application scenarios will be a critical determinant of commercial success in the years ahead.

Installation Type Analysis

The Installation Type segment in the Floating PV Power Electronics market is divided into new installations and retrofit projects, each presenting unique opportunities and challenges for manufacturers, integrators, and asset owners. New installations dominate the market, accounting for the significant majority of floating PV deployments globally in 2025. These projects are initiated on untapped or newly permitted water bodies, allowing developers to design and integrate state-of-the-art power electronics systems from the outset. Developers can leverage the latest advancements in high-efficiency inverter topology, smart monitoring platforms, and advanced grid integration solutions to maximize energy yield, minimize operational risk, and ensure long-term asset reliability. The expanding pipeline of new floating PV projects across Asia Pacific, Europe, and emerging markets is sustaining strong and growing demand for cutting-edge power electronics components throughout the 2026-2034 period.

Retrofit installations, while currently representing a smaller share of the overall market, are gaining strategic importance as floating PV systems commissioned during the technology's early commercial phase between 2015 and 2020 approach their first major technology refresh cycle. Retrofit projects involve replacing or upgrading outdated power electronics devices, particularly inverters and legacy SCADA controllers, with more efficient, reliable, and feature-rich alternatives. This segment is driven by the need to enhance system efficiency, comply with updated grid codes, meet evolving cybersecurity requirements, and extend overall asset lifespans beyond original design parameters. The increasing availability of modular and backward-compatible power electronics solutions is making retrofitting substantially more cost-effective and operationally practical, encouraging asset owners and infrastructure funds to invest in systematic modernization programs.

Digitalization is fundamentally transforming both new and retrofit floating PV installations. Advanced monitoring and control systems enabled by IoT connectivity, AI analytics, and cloud SCADA platforms are being embedded directly into power electronics hardware, providing real-time performance visibility, automated fault detection, and remote diagnostics accessible from any device. These capabilities are especially valuable in retrofit scenarios, where system operators seek to extract additional value from legacy assets while reducing the proportion of revenue allocated to operations and maintenance. The shift toward digital power electronics is simultaneously facilitating seamless integration with battery storage systems, virtual power plants, and smart grid infrastructure, unlocking entirely new revenue streams for project developers and long-term asset owners.

Environmental and permitting considerations play a significant role in shaping the installation type decision. New installations on previously undeveloped water bodies typically require comprehensive environmental impact assessments, aquatic ecology studies, stakeholder consultations, and multi-agency regulatory approvals to ensure minimal disruption to local ecosystems. Retrofit projects, by contrast, must navigate the specific challenges of working within existing infrastructure constraints, potential interoperability gaps between legacy and modern components, and the operational imperative to minimize system downtime during upgrade windows. Manufacturers and engineering, procurement, and construction (EPC) contractors are actively developing specialized retrofit methodologies, rapid commissioning tools, and performance guarantee frameworks to address these challenges and accelerate the growth of the retrofit segment.

Overall, the Installation Type segment reflects the maturing yet still rapidly expanding nature of the floating PV power electronics market, with both new and retrofit installations contributing meaningfully to cumulative market revenue through 2034. The ability to deliver reliable, innovative, and future-proof power electronics solutions tailored to the distinct requirements of each installation scenario will be a key competitive differentiator for market participants seeking to establish leadership in this high-growth sector.

Power Capacity Analysis

The Power Capacity segment of the Floating PV Power Electronics market is categorized into up to 500 kW, 500 kW-2 MW, and above 2 MW, reflecting the diverse scale of floating PV projects being developed and commissioned worldwide. Installations with a capacity of up to 500 kW are typically associated with small commercial, agricultural, and residential applications, where space constraints, limited grid connection capacity, and modest energy demand dictate system size. Power electronics solutions for this segment prioritize compactness, simplified installation procedures, and user-friendly remote monitoring interfaces, enabling rapid deployment with minimal site preparation and ongoing maintenance requirements. The growing global interest in decentralized renewable energy generation, including behind-the-meter floating solar for farms and water utilities, is driving sustained demand for cost-effective power electronics in this capacity range.

The 500 kW to 2 MW segment represents a significant and commercially vibrant portion of the overall market, encompassing medium-sized commercial, municipal, and light industrial floating PV projects. These installations are deployed on industrial process water bodies, agricultural irrigation reservoirs, municipal drinking water reservoirs, and mining tailings ponds, providing a practical balance between generation scale and project manageability. Power electronics systems in this segment are engineered to deliver high conversion efficiency, robust environmental protection ratings (typically IP65 or higher), and advanced monitoring capabilities that support seamless integration with local grid connections and building energy management systems. Modular and scalable inverter architectures are particularly prevalent in this capacity tier, enabling project developers to incrementally expand installed capacity in line with evolving energy demand and available project financing.

Installations above 2 MW constitute the largest and fastest-growing capacity segment, propelled by the rapid global proliferation of utility-scale floating PV projects on major reservoirs, hydroelectric impoundments, and large industrial water bodies. These large-scale installations require sophisticated power electronics systems capable of handling very high power densities, maintaining strict grid frequency and voltage stability standards, and supporting comprehensive remote monitoring, control, and cybersecurity protocols. Centralized megawatt-class inverters, high-voltage DC-AC converters, and advanced plant-level controllers with integrated energy management functions are the standard configuration for this segment. The integration of grid-scale battery storage and participation in ancillary services markets is also increasingly common in this capacity tier. The solar PV inverter market is responding to this trend with new ultra-high-capacity inverter platforms specifically optimized for floating PV environments, incorporating salt-fog-resistant coatings, advanced thermal management, and built-in cybersecurity modules.

The selection of the appropriate power capacity tier is influenced by a broad range of interdependent factors, including site hydrological characteristics, available grid connection bandwidth, local and national energy policy, project financing structures, and long-term operational economics. Developers and asset owners must conduct thorough site assessments and financial modeling to determine the optimal system scale and the corresponding power electronics configuration. The continued rapid innovation in power electronics technology is enabling greater design flexibility, broader scalability, and improving cost-competitiveness across all three capacity segments, making floating PV systems accessible to an increasingly diverse range of customers and project types globally.

In summary, the Power Capacity segment highlights the remarkable versatility and adaptability of floating PV power electronics solutions, catering effectively to diverse project scales ranging from small farm ponds to gigawatt-scale national energy infrastructure. The ability to deliver reliable, high-efficiency, and commercially scalable power electronics systems across different capacity ranges will remain a central driver of overall market growth and competitive differentiation through 2034.

Opportunities & Threats

The Floating PV Power Electronics market presents a wealth of compelling opportunities for stakeholders across the entire value chain, driven by the accelerating global transition to renewable energy and the growing demand for innovative solar generation solutions that overcome land availability constraints. One of the most significant opportunities lies in the deployment of floating PV systems on the vast global inventory of underutilized water bodies, including drinking water reservoirs, irrigation canals, hydroelectric reservoirs, and industrial settling ponds, unlocking new sources of clean energy generation without competing for valuable terrestrial land. The integration of advanced power electronics technologies, including smart bidirectional inverters, digital controllers with embedded AI, and cloud-native monitoring platforms, offers the potential to dramatically enhance system efficiency, reliability, and grid compatibility, creating new value streams for manufacturers, EPC contractors, and long-term asset managers alike.

Another major opportunity is the convergence of floating PV with grid-scale energy storage and smart grid infrastructure, enabling greater operational flexibility, enhanced grid resilience, and participation in increasingly lucrative ancillary services markets. The ability to store excess midday solar generation and dispatch it during evening peak demand periods is becoming critically important as renewable penetration levels rise and grid operators face growing challenges in balancing supply and demand. Power electronics systems that enable seamless bidirectional energy flows between floating PV arrays, battery storage, and the grid are in exceptionally high demand, opening expansive new avenues for product innovation and market differentiation. The development of offshore and floating wind power electronics is also creating technology transfer opportunities relevant to the floating PV sector, particularly in marine-grade corrosion protection, dynamic cable management, and remote asset management systems.

Despite the numerous and compelling opportunities, the market also faces significant threats and structural challenges that must be proactively addressed to ensure sustainable and inclusive growth. The technical complexity and elevated initial capital costs associated with marine-grade floating PV power electronics systems, particularly for large-scale utility projects, remain a meaningful barrier to adoption in price-sensitive developing markets. The need for specialized corrosion-resistant enclosures, waterproofed cable management systems, and enhanced electromagnetic compatibility testing can substantially increase upfront capital expenditures compared to equivalent land-based systems. Additionally, the relative absence of internationally harmonized standards, unified grid codes, and established best practices specifically tailored for floating PV installations creates regulatory uncertainty and elevates perceived project risk, particularly for institutional investors and project finance lenders. Addressing these structural challenges will require coordinated and sustained efforts from industry associations, policymakers, standards bodies, and leading technology providers to drive cost reduction, establish regulatory clarity, and build the body of long-term operational data that underpins investor confidence.

Regional Outlook

The Asia Pacific region is the undisputed global leader in the Floating PV Power Electronics market, accounting for approximately USD 754 million in 2025, representing about 55% of total global revenue. This dominance is fueled by the rapid pace of deployment in China, India, Japan, South Korea, and increasingly across Southeast Asian markets, where abundant water resources, high population density, severe land scarcity, and highly ambitious national renewable energy targets are collectively driving the commissioning of large-scale floating PV projects at a rate unmatched anywhere else in the world. China remains the global epicenter of floating solar innovation and deployment, with cumulative installed capacity now measured in gigawatts and strong central government backing for renewable energy grid integration. The region's favorable regulatory environment, deep technological expertise in solar manufacturing, and robust domestic supply chains for power electronics components are expected to sustain industry-leading growth rates, with a projected regional CAGR of 24.5% through 2034.

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Europe represents the second-largest regional market, with revenues of approximately USD 254 million in 2025, driven by the region's unwavering commitment to carbon neutrality by 2050, increasingly stringent environmental regulations, and a strong tradition of technological innovation in both solar energy and power electronics. Countries including the Netherlands, France, Germany, Belgium, and the United Kingdom are leading the European floating PV market, leveraging public-private partnerships, green finance instruments, and innovative power purchase agreement structures to accelerate deployment. The European market is distinguished by its emphasis on premium component quality, advanced grid integration standards, and long-term asset bankability, with significant ongoing investment in floating PV research, demonstration projects, and technology standardization initiatives.

North America accounts for approximately USD 151 million in 2025 market revenue, with the United States driving the majority of regional activity through a combination of federal clean energy incentives, state-level renewable portfolio standards, and growing interest from municipal water utilities, agricultural irrigation districts, and industrial operators. Canada and Mexico represent additional growth vectors, with several significant floating PV projects in advanced development. Latin America contributes approximately USD 117 million in 2025, with Brazil, Chile, and Colombia emerging as the most active markets, benefiting from favorable solar irradiance, extensive hydroelectric reservoir infrastructure, and expanding renewable energy auction programs. The Middle East and Africa region generates approximately USD 96 million in 2025 and is positioned as a high-growth emerging market through 2034, supported by the region's exceptional solar resource, large desalination reservoir infrastructure, and increasing sovereign and private investment in clean energy diversification programs. These regions collectively represent some of the most compelling long-term growth opportunities for floating PV power electronics suppliers seeking to expand their global presence.

Competitor Outlook

The Floating PV Power Electronics market is characterized by intense and escalating competition, rapid cycles of technological innovation, and a continuously evolving landscape of established global manufacturers and agile regional specialists. The market is served by a mix of diversified power electronics multinationals, dedicated solar inverter specialists, and emerging technology-focused entrants, all competing for market share through product performance differentiation, strategic partnership development, geographic expansion, and total cost of ownership optimization. Key competitive dimensions include inverter and converter efficiency ratings, equipment durability and environmental protection ratings in aquatic environments, digital platform capabilities, service network depth, financing support, and the ability to deliver fully customized solutions engineered for specific project site conditions. Companies across the competitive spectrum are investing heavily in research and development to enhance the efficiency, operational longevity, cybersecurity resilience, and AI-driven intelligence of their floating PV power electronics portfolios.

Strategic collaborations, technology licensing agreements, and joint ventures are becoming increasingly prevalent as companies seek to leverage complementary technical capabilities, accelerate market entry in high-growth regions, and co-develop integrated solutions that address the full spectrum of floating solar engineering challenges. Partnerships between leading inverter manufacturers, specialist floating PV system integrators, and grid-scale battery storage providers are enabling the creation of complete, bankable, and performance-guaranteed floating PV power plant solutions that can be delivered to project developers as a unified package. Mergers and acquisitions continue to reshape the competitive landscape, with larger diversified energy technology groups selectively acquiring niche specialists in marine-grade enclosure technology, cloud-based asset management software, and high-efficiency power conversion hardware to rapidly expand their technical capabilities and addressable market reach.

The competitive environment is further intensified by the continuing entry of new challengers, particularly from manufacturing hubs in Asia Pacific where deep supply chain integration, high production volumes, and aggressive pricing strategies are enabling rapid market share gains in both domestic and export markets. These entrants are simultaneously investing in product certification, international standards compliance, and global service infrastructure to compete credibly with established Western and Japanese incumbents in premium market segments. The increasing emphasis on long-term asset performance guarantees, grid code compliance across multiple jurisdictions, and full-lifecycle service support is raising the competitive threshold for sustained market participation, requiring continuous and substantial investment in product development, quality management, and customer-facing technical support capabilities.

Leading companies in the Floating PV Power Electronics market as of 2025 include Huawei Technologies Co., Ltd., Sungrow Power Supply Co., Ltd., SMA Solar Technology AG, ABB Ltd., Siemens AG, TMEIC Corporation, Delta Electronics, Inc., Schneider Electric SE, Hitachi Energy Ltd., SolarEdge Technologies, Inc., Enphase Energy, Inc., Ginlong Technologies (Solis), GoodWe Power Supply Technology Co., Ltd., Growatt New Energy Technology Co., Ltd., Power Electronics S.L., Ingeteam Power Technology S.A., and Eaton Corporation plc. Huawei and Sungrow have established commanding positions in the Asian and increasingly global markets through their high-efficiency string inverter platforms, integrated smart PV controller ecosystems, and cloud-based monitoring solutions purpose-built for large floating solar deployments. ABB and Siemens continue to leverage their broad power systems expertise to offer comprehensive grid integration packages for utility-scale floating PV, while SMA Solar Technology and Schneider Electric are recognized for their modular, intelligent, and standards-compliant power electronics architectures that cater to commercial and utility customers across Europe, North America, and emerging markets.

TMEIC Corporation and Hitachi Energy bring deep industrial automation and high-voltage power conversion expertise to the floating PV sector, offering ruggedized central inverter platforms and grid integration systems engineered for the most demanding utility-scale applications. Delta Electronics and Eaton are expanding their floating PV power electronics offerings through targeted investments in product certification, application engineering, and regional sales infrastructure. The competitive landscape is expected to remain highly dynamic and intensely contested through 2034, with continuous innovation in digital intelligence, hardware durability, and system-level integration serving as the primary engines of competitive differentiation and long-term market leadership. Those companies that can most effectively combine hardware excellence with software-driven operational intelligence, global service scalability, and compelling lifecycle economics will be best positioned to capture disproportionate value from the extraordinary growth of the global floating PV power electronics market over the coming decade.

Key Players

• Huawei Technologies Co., Ltd.
• Sungrow Power Supply Co., Ltd.
• SMA Solar Technology AG
• ABB Ltd.
• Siemens AG
• TMEIC (Toshiba Mitsubishi-Electric Industrial Systems Corporation)
• Delta Electronics, Inc.
• Schneider Electric SE
• Ginlong Technologies (Solis)
• GoodWe Power Supply Technology Co., Ltd.
• Power Electronics S.L.
• Enphase Energy, Inc.
• SolarEdge Technologies, Inc.
• Hitachi Energy Ltd.
• Growatt New Energy Technology Co., Ltd.
• Ingeteam Power Technology, S.A.
• Eaton Corporation plc