Based on IHS Markit – Solar Builder, Growatt is now the #1 solar inverter for residential buildings worldwide

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By Chris Crowell
July 19, 2021
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Growatt is now the leading provider of home inverters, gaining 16.6% of the market share in 2020, according to the latest PV Inverter Market Tracker report from IHS Markit. In addition, the company is one of the top 5 suppliers of three-phase string inverters for commercial and industrial projects worldwide.

“We are very proud to become the No. 1 provider in the global housing 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 up an extensive service network with 20 branches around the world to efficiently support its customers on site.

Product and technology innovation are key to Growatt's success, according to Zhang. The company's R&D team has brought a sleek and compact design as well as intelligent, safe and reliable features to its X inverter series. The new generation inverters are popular with installers because they are light and easy to install and incorporate a remote monitoring function that reduces operating and maintenance costs.

Looking ahead, Zhang believes that PV inverters will become an indispensable home appliance for future generations as solar energy becomes more accessible. “Our team is constantly working closely with our partners around the world to provide our customers with clear and convenient access to clean energy. We believe that together we can make a difference! ”Zhang concluded.

Tags: Growatt


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