Global PV inverter shipments increased by more than 35% in 2020, with Growatt consolidating its market-leading position as one of the world’s top 10 brands.
In 2020, the company continued to be the top Chinese supplier of residential inverters, ranking third globally. “For distributed energy, especially residential, Growatt has very strong competitive advantages over other brands. Our products and solutions are highly trusted and are extremely popular in mature solar markets like Europe and Australia, as well as emerging markets like Brazil,” commented Lisa Zhang, Growatt’s Marketing Director.
The company also ranked among the world’s top 5 suppliers of three-phase string inverters for commercial and industrial projects, an achievement Zhang attributed to its continuous product innovations and localization strategy. “We have established an extensive service network with 20 offices and warehouses worldwide, enabling our team to deliver efficient technical support to our customers. With such dedicated local teams, we have been able to weather the impact of COVID-19 and continue to expand our business globally,” Zhang continued.
By the end of 2020, Growatt had shipped over 2.6 million inverters to more than 100 countries. The company has also developed the new X inverter series, combining sleek and compact design with safe and smart functionality. “We are delighted to see the growing popularity of our new generation of products across global solar markets. It’s great recognition of our dedication to product innovation for our customers,” added Zhang.
To meet increasing demand, the company has built a new factory in Huizhou, China to boost production capacity. The new facility, covering an area of 200,000 square meters, features advanced production lines, a stringent quality control system, automated transfer and storage systems. “With an annual output of 20GW, we are now able to meet the growing global demand for our products,” Zhang concluded.