Growatt Solidifies Position as Global Leader in the Energy Solution Market

Growatt Solidifies Position as Global Leader in the Energy Solution Market

Growatt, a world-leading smart energy solutions provider, is proud to announce its continued success and market leadership in the global energy solutions industry. 2023 industry rankings highlight Growatt's strong performance across multiple segments:

- Global Top 2 Residential Inverter Supplier

- No. 1 Residential Inverter Supplier in Asia-Pacific

- Global Top 5 Commercial & Industrial PV Inverter Supplier

- Global Top 4 Three-phase Low Power PV inverter supplier

- Global Top 5 PV Inverter Supplier

These rankings, sourced from S&P Global Commodity Insights' PV Inverter Market Tracker report, underscore Growatt's commitment to innovation, quality, and customer satisfaction in the rapidly evolving renewable energy sector.

"We are thrilled to maintain our position as a global leader in the solar inverter market," said Lisa Zhang, VP at Growatt New Energy. "These rankings reflect our dedication to providing reliable, efficient, and intelligent solar solutions to residential, commercial, and industrial customers worldwide."

Growatt's success can be attributed to several factors

1) Continuous Innovation: Our dedicated R&D team, comprising over 1100 professional engineers, is committed to pushing the boundaries of technology to meet the evolving demands of the global energy market. Our continuous innovation strategy involves advanced research, collaborative development, customer-centric design, sustainability focus, rigorous quality assurance, and the exploration of emerging technologies to ensure our products remain at the forefront of technological advancements.

2) Global Presence and Local Support: Growatt's extensive international network comprises 42 representative offices and warehouses strategically located across the globe. This widespread presence enables us to provide localized support and services in more than 180 countries and regions.

3) Manufacturing Excellence: Our state-of-the-art facility in Huizhou, China, spans 200,000 square meters and boasts an annual capacity of 3.1 million inverters and 400,000 battery packs. Additionally, our new manufacturing plant in Haiphong, Vietnam, produces solar inverters, storage inverters, and storage batteries, with plans to expand to an annual production capacity of 500,000 units of inverters and 100,000 units of batteries. This robust manufacturing capability across multiple locations enables us to meet growing global demand efficiently.

4) Growatt inverters have consistently received industry accolades, demonstrating their exceptional quality and performance. Our products have earned the 'All Quality Matters' award from TÜV Rheinland for both residential and commercial lines. Most recently, at SNEC Shanghai 2024, Growatt was honored with prestigious Top Brand PV 2024 awards from EUPD Research, receiving recognition in the energy storage sector for South Africa and in the inverter sector for Poland. These accolades further solidify our position as a global leader in solar energy solutions and underscore our commitment to delivering reliable, high-performance products across various market segments and geographical regions.

5) Market Adaptability:  Growatt's success is built on our ability to adapt swiftly to changing market dynamics and diverse customer needs across the globe. Our diverse product portfolio caters to various market segments, from residential to utility-scale applications.

The company's strong performance in the residential sector remains particularly noteworthy, with Growatt securing its position as the world's second-largest residential inverter supplier. This achievement is bolstered by the company's continued No. 1 ranking in the Asia-Pacific region and its Top 2 position in the Americas for residential inverter supply. Despite intense competition, Growatt's consistent high rankings across multiple regions demonstrate its enduring strength and adaptability in the global residential solar market.

In the commercial and industrial (C&I) sector, Growatt's innovative inverter solutions have contributed to its Top 5 global ranking. These products offer high yields and reduced maintenance costs for investors, making them a preferred choice for large-scale solar projects.

As the world continues to transition towards sustainable energy solutions, Growatt remains committed to its mission of enabling everyone to benefit from clean, reliable power. The company looks forward to further expanding its market presence and continuing to drive innovation in the solar energy industry.

Looking ahead, Zhang envisions a future where PV inverters become a must-have household 'appliance' as solar energy becomes more accessible. "Our team is constantly working closely with our partners around the world to enable customers to have clear and convenient access to clean energy. Together, we can make a significant difference in creating a sustainable future," Zhang concluded.

For more information about Growatt and its product offerings, please visit https://en.growatt.com/.

About Growatt New Energy

Founded in 2011, Growatt is a global leader in smart energy solutions, specializing in residential, commercial, and utility-scale PV inverters, energy storage systems, and smart energy management solutions. With a strong focus on R&D and customer service, Growatt has established itself as a trusted name in the renewable energy sector, serving customers in over 180 countries.

Contact: info@ginverter.com 

Source: Growatt