Smart PV inverter manufacturer Growatt's strong exports and high efficiency bring high profits to power stations

In the first half of this year, the global photovoltaic market ushered in an explosive period, and the export volume of domestic inverters hit a record high. Customs data showed that Huawei Technologies Co., Ltd. (hereinafter referred to as "Huawei") ranked first in the industry product export ranking in the first half of the year with 113,086 units shipped, and Shenzhen Growatt New Energy Co., Ltd. (hereinafter referred to as "Growatt") ranked second with a total of 86,153 inverters shipped. As can be seen in the figure below, Huawei and Growatt are in the first echelon of shipments, and the number of inverter shipments has exceeded 80,000 units.

Source: Third-party customs data

Strong European exports The Netherlands, a strong photovoltaic market recently, attracted a large number of shipments, among which Growatt shipped a total of 43,487 inverters, ranking first.

Source: Third-party customs data

The booming new energy industry in the UK market has also given domestic inverter products a place to use. In general, the markets where Chinese manufacturers currently ship more to Europe are mainly the Netherlands, Italy, and the UK, while Belgium and Poland are also seen as important markets with development potential. Australia and the Americas are growing rapidly. Outside of Europe, more companies are eyeing Australia in the southern hemisphere. Growatt is a domestic company that exports more to Australia, with shipments exceeding 10,000 units. Australia tried out photovoltaic products in 2001, almost the same as China. In 2009, the local government introduced a photovoltaic electricity price subsidy policy. At the end of last year, the country's total installed capacity exceeded 11GW. Among them, small rooftop installed capacity is expected to reach 10GW this year. Since a large number of Australian residents live in independent villas or houses, and there are a large number of independent public buildings and commercial facilities, they all provide relatively convenient conditions for the use of distributed products. In the Americas, inverter shipments are booming in Argentina, Brazil, Mexico and other places. Taking Mexico, where the demand for photovoltaics has been growing recently, as an example, Growatt has shipped a huge amount of units. In addition, Brazil has also become a hot spot for major manufacturers. Industry analysts pointed out that due to the US restrictions on domestic export components, domestic product shipments have been affected. However, Chinese manufacturers have a long-term vision and change their positions in a timely manner. Therefore, after seeing the demand in South America, each company has worked hard to expand the market, and naturally has a lot of gains.

Shenzhen Growatt New Energy Co., Ltd. is a new energy enterprise that focuses on the research and development and manufacturing of solar grid-connected, off-grid, energy storage inverters and user-side smart energy management solutions. The power of solar grid-connected inverters covers 1-100kW, and the power of off-grid and energy storage inverters covers 1-30kW. The products are suitable for household, commercial, photovoltaic poverty alleviation, large ground power stations and various energy storage power station scenarios, and have been widely used around the world.

Since its establishment in 2010, the company has established branches in Germany, the United States, the United Kingdom, Australia, Thailand, India, the Netherlands and other places to serve global customers. Growatt has always insisted on R&D investment and technological innovation, and provides customers with high-quality products and services by mastering the core technology of solar inverters, strictly controlling the quality management system, and continuously improving after-sales service. So far, Growatt has shipped more than 1.33 million sets in more than 100 countries and regions around the world, becoming the top 10 inverter brands in the world.