Growatt Third Behind SolarEdge, SMA in Single Phase Inverter Shipments

• Growatt with 11% market share of single-phase inverters in 2019, finished in the third-place in the PV Inverter Market Tracker by IHS Markit.

Growatt, a leading Chinese maker of PV string inverters took over 11 percent market share of single-phase inverters worldwide in 2019, being available in the third-place after SolarEdge as well as SMA according to PV Inverter Market Tracker by IHS Markit. By the end of last year, the firm had delivered more than 1.7 million inverters globally and also its inverters have been set up in over 100 countries and regions.

In 2019, the firm had actually broadened its businesses strongly in key solar markets around the world. The firm continues to raise financial investments and also reinforce its network in the Americas, Europe and also APAC. Its brand-new X generation single-phase inverters, MIN 2500-6000TL-X collection and battery ready MIN 2500-6000TL-XH series are well received by the market and also sales of the new inverters boosted drastically in 2015.

Lisa Zhang, Growatt advertising supervisor attributed the accomplishment to the firm's solid and also considerable supply-chain network developed via the years as well as its focus on advancement, quality and solution. "The string inverter sector is where Growatt has its strategic competitive advantages. Besides the X single-phase inverter collection, we are introducing new generation three-phase inverters this year, including MOD 3-15KTL3-X series for property applications and also MID-15-40KTL3-X collection for the C&I market. These wise and also high-efficiency advancements will produce greater yields for consumers," stated Zhang.

Looking ahead, the firm has a vision where families and businesses will certainly have clear accessibility to smarter as well as safer environment-friendly power. "For this objective, we've established our solar storage space products, OSS( Online Smart Service) system and wise energy services," Zhang mentioned. "In the future, we'll continue to focus on R&D to raise power generation, improve system security, and wise O&M!"

In April, we had actually reported that with shipments of an aggregate capability of greater than 5 GW during the year, Growatt had secured the 8th setting in the leading 10 worldwide PV inverter distributors for 2019 checklist which was put together study agency Wood Mackenzie.