Hoymiles vs Hyundai - solar panel manufacturer comparison
Hyundai has the broader catalog (65 vs 0 models). Hyundai leans bifacial (66% of lineup).
Both catalogues are read from the manufacturers' own datasheets. A brand is not scored against the market here, only against the other brand on this page.
The two companies
Hoymiles Power Electronics Inc. specializes in module-level power electronics (MLPE) solutions, including microinverters, energy storage, and monitoring systems. They focus on research and development, manufacturing, and sales of photovoltaic inverter power conversion equipment. Their mission is to make smart energy...
- Founded
- 2012
- Headquarters
- Shanghai, China
- Employees
- 1,640
- Tier 1 bankable
- Yes
HD Hyundai Energy Solutions is a global provider of solar cells and modules, offering solutions for residential, commercial, and utility-scale projects. They provide monofacial, bifacial, and shingled PV modules, along with inverters and various PV solutions. The company is committed to developing next-generation...
- Founded
- 2004
- Headquarters
- Seongnam-si, South Korea
- Annual capacity
- 1.35 GW/year
- Employees
- 206
- Tier 1 bankable
- Yes
Catalogue against catalogue
An average over a catalogue describes the range a manufacturer publishes, not the module you would buy. A brand with two flagship panels and eighty older ones averages worse than one that has retired its back catalogue.
What each of them builds
Hyundai skews to higher efficiency: 6% of lineup is 23%+
Hyundai offers more 600W+ panels (5% of lineup)
Dominant cell tech: <strong>HJT</strong> (38%)
The flagships
Written summary
Hoymiles is a Chinese manufacturer founded in 2012 and headquartered in Hangzhou, China. It is publicly listed on the Shanghai Stock Exchange STAR Market and is ranked second globally in microinverter shipments, accounting for roughly 22% of global microinverter volume in 2024 according to S&P Global. Crucially, Hoymiles does not manufacture solar panels - its product line consists entirely of microinverters, hybrid inverters, energy storage systems, and monitoring hardware. It was recognized on BloombergNEF's Tier 1 global energy storage manufacturer ranking across multiple quarters in 2025. Hyundai Energy Solutions, now operating under the HD Hyundai group, is a South Korean solar module manufacturer whose renewable energy roots date to 2004. The company operates dedicated cell and module factories in South Korea with over 1.4 GW of annual production capacity and maintains sales presence across Europe, North America, Australia, and Asia. As an actual panel manufacturer with two decades of production history, Hyundai carries the stronger institutional footprint in the module market specifically.
Because these two brands occupy entirely different segments of the solar supply chain, a direct product-for-product comparison is not meaningful. Hyundai Energy Solutions offers residential and small-commercial solar modules - the XG Series for rooftop installations and the bifacial YH Series for ground-mounted systems - and has confirmed mass production of N-type TOPCon cells alongside its legacy PERC lines, with panel efficiencies reported around 20.5-20.6% and power outputs from 350 W up to 440 W. Hoymiles, by contrast, offers the HMS and HMT microinverter series, hybrid string inverters, and increasingly a battery storage lineup, all designed to pair with any manufacturer's panels in residential and small commercial settings.
For a buyer evaluating solar panels, Hyundai Energy Solutions is the only relevant choice here - Hoymiles simply has no module products to evaluate. For a buyer building out a full residential system, the two brands are complementary rather than competing: Hyundai for the panels, Hoymiles as a cost-competitive microinverter alternative to Enphase for the power-conversion layer.
- Complete Review of Hyundai Solar Panels 2025 - SolarReviews
- Hyundai Solar Panels Review 2026 - EcoWatch
- Hoymiles Power Electronics Inc. Solar Inverters - EnergySage
- Hyundai builds 1.37 GW solar cell factory in South Korea - PV Magazine
- Hoymiles reveals microinverters for high-power PV modules - PV Magazine
Generated by Claude Sonnet · 2026-06-11
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Comparisons are computed from manufacturer datasheets held in the ComparePV database and may not reflect a brand's complete current lineup. Nothing on this page is paid placement.