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Growatt has become the world’s No.1 supplier of residential inverters, accounting for 16.6% of market share in 2020, according to IHS Markit’s latest PV Inverter Market Tracker report.
Since its founding in 2010, the company has maintained a consistent focus on distributed generation and this long-term commitment has given it a strong competitive advantage over other brands in the sector.
“We are very proud to have become the No.1 supplier in the global residential market,” 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 delivered sleek and compact design as well as smart, safe and reliable functionality to its latest innovation, the X inverter series. The new generation inverters are not only appealing to end users, but are also very popular among installers because they are lightweight, easy to install and have a remote monitoring function that makes maintenance easier and reduces O&M costs.
“For residential solar, Growatt is the top choice for many. Our team pursues excellence, and a large number of tests are carried out and improvements made to ensure that products installed worldwide perform reliably,” Zhang added.
With more than a decade of experience, Growatt has developed a five-step quality engineering system and a comprehensive and systematic quality control approach for its products, from the design and development stage to mass production.
Looking ahead, Zhang believes that a PV inverter will become a must-have household appliance for future generations, as solar energy becomes increasingly accessible. “Our team is constantly working with our partners around the world to enable customers to have convenient access to clean energy. We believe together we can make a difference,” Zhang concluded.