Chinese manufacturer Growatt took over 11.6% of the single-phase inverter market worldwide in 2019, ranking third according to the PV Inverter Market Tracker from IHS Markit, a photovoltaic inverter market research company
According to Lisa Zhang, marketing director at Growatt, the achievement is due to the extensive network of supply chains built over the years, in addition to the focus on innovation, quality and service.
“The string inverter segment is where Growatt has its strategic competitive advantages. In addition to the single-phase X series inverters, we are launching new generation three-phase inverters this year. These smart, high-efficiency innovations will generate higher returns for customers,” said Lisa.
By the end of last year, the company had sold more than 1,7 million inverters worldwide, which were installed in more than 100 countries.
future
Lisa Zhang also outlined Growatt's future prospects. She said the company will continue to focus on R&D (Research and Development) to increase electricity generation and improve the safety of the O&M (Operation and Maintenance) system.
About the ranking
IHS Markit's PV Inverter Market Tracker report provides global PV and MLPE (Module-Level Power Electronics) market share rankings for the full year 2019. Rankings are based on MW shipped and are divided globally, regionally, by product type and by main market.
Additionally, the research also includes historical shipment information and some analysis of inverter trends. The market analysis covers year-over-year growth, key supplier trends, and market concentration. Forecasts, pricing information, additional market information and supplier profiles are included in the Global PV and Global MLPE reports, released twice a year.
Comments
Comments are moderated before publication.Comments should be respectful and contribute to a healthy debate. Offensive comments may be removed. The opinions expressed here are those of the authors and do not necessarily reflect the views of the author. Canal Solar.