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Growatt now the No.1 residential solar inverter brand globally, says IHS Markit

Written by: Leonard Parker | Solar News | 20th July

By Chris Crowell July 19, 2021 View Profile

Growatt is now the No.1 supplier of residential inverters, taking 16.6% of the market share in 2020 according to IHS Markit’s latest PV Inverter Market Tracker report. The company also ranks among the world’s top 5 suppliers of three-phase string inverters for commercial and industrial projects.

“We are very proud to become the No.1 supplier in global residential market, and that millions of households are now using Growatt inverters to convert solar power for their use,” commented Lisa Zhang, marketing director at Growatt. Over the years, the company has built an extensive service network with 20 offices around the world to provide efficient local support for customers.

Product and technology innovation is the key to Growatt’s success according to Zhang. The company’s R&D team has brought sleek and compact design as well as smart, safe and reliable functionalities to its X inverter series. The new generation inverters are popular among installers by being lightweight, easy to install and integrating a remote monitoring function that reduces O&M costs.

Looking ahead, Zhang believes for future generations, PV inverter will 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. We believe together we can make a difference!” Zhang concluded.

Tags: Growatt