Top 10 power conversion system companies in China in 2022

Power conversion system is widely used in power system, rail transportation, military industry, petroleum machinery, new energy vehicles, wind power generation, solar photovoltaic and other fields. It realizes two-way flow of energy in occasions such as power grid shaving peaks and valleys, smoothing new energy fluctuations, and energy recovery and utilization, actively supporting the grid voltage and frequency, and improving the quality of power supply. This article will take you to understand the development and layout of top 10 power conversion system companies in China.

Top 10 power conversion system companies

① BYD

Company profile:

BYD, one of the top 10 lithium battery companies in the world, its business spans the four major industries of automobile, rail transit, new energy and electronics. And after more than 20 years of fast growth, the company has established over 30 industrial parks worldwide and has played a significant role in industries related to electronics, automobiles, new energy and rail transit. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions. Products have covered consumer 3C batteries, power batteries (lithium iron phosphate batteries and ternary batteries), solar batteries, and energy storage batteries, and have formed a complete battery industry chain.

Recent layout:

As one of top 10 power conversion system companies in China, in the BYD energy storage field, the battery/BMS/EMS/PCS and other full-service manufacturing fields are covered, ranking the forefront of the market. In terms of specific business coverage, BYD's energy storage sector is centered on batteries and covers all areas of energy storage systems. The energy storage system is a comprehensive energy control system with batteries as the core, mainly including cells, EMS (energy management system), BMS (battery management system), PCS (power conversion system) and other parts. The core of the energy system, the cost accounts for about 67%, and the PCS/BMS accounts for 10%/9%. Recent layout:

② GOODWE

Company profile:

GOODWE is a company of top 10 power conversion system companies has long been focusing on the research and development, production and sales of new energy power equipment such as solar energy and energy storage. It has developed more than 20 series of photovoltaic inverter products for grid-connected and energy storage, with power coverage of 0.7-250kW, and is committed to providing overall solutions such as smart energy management for households, industrial and commercial users and ground power stations.

GOODWE is a provider of solar photovoltaic inverters and related products. The company's products include grid-connected inverters, energy storage products, SEMS systems and supporting products, which can be used in household, commercial, ground and energy storage. In addition, it also involves service support such as power station system design, troubleshooting and quality assurance. GOODWE's main business products include photovoltaic grid-connected inverters, photovoltaic energy storage inverters, smart data collectors and SEMS smart energy management systems.

Recent layout:

In 2018, the company's shipments in the global photovoltaic inverter market ranked seventh, and in 2019, the company's home energy storage inverter shipments ranked first in the world. GOODWE's full line of photovoltaic inverter products are sold to more than 100 countries and regions around the world on a large scale. The products are widely praised by customers for their stable performance and excellent performance. The sales volume of energy storage inverters is about 68,700 units, accounting for about 29.4%. Compared with the first half of 2021 (PCS shipments of 21,000 units), it increased by 227%.

③ DEYE

Company profile:

DEYE is a large-scale manufacturing technology company integrating R&D, design, production, sales and service. At present, it owns four core industrial chains of solar inverter system, frequency conversion control system, environmental electrical appliance series and heat exchanger series. Become the innovator and leader of new energy inverter technology and frequency conversion control core technology.

Recent layout:

One of the top 10 power conversion system companies DEYE company has complete photovoltaic inverter solutions, including residential and commercial power station solutions. At the same time, the company also provides solar energy storage system solutions. Products include: string-connected inverters 1.5KW-110KW, energy storage inverters 3KW-12KW, micro-grid-connected inverters 300W-2000W. So far, DEYE inverter products have been sold in more than 40 countries around the world, which has greatly reduced global carbon emissions and contributed to the sustainable development of society.

④ SINENG

Company profile:

SINENG is a national high-tech enterprise focusing on R&D, manufacturing and sales of power electronic products. The business covers photovoltaic inverters, energy storage systems, power quality management, power station development and other fields, and is committed to continuously promoting the world to build a cleaner, safer and better future with world-leading green technology solutions.

Recent layout:

In the field of photovoltaics, SINENG provides full-scenario photovoltaic power generation solutions, with products covering centralized, string, and distributed inverters in each power segment from 8kW to 6800kW. It is widely used in various scenarios such as large-scale ground, mountain, water, industrial and commercial roofs and households to meet the diverse needs of customers. In the field of energy storage, SINENG as one of top 10 power conversion system companies provides full-scenario energy storage system solutions, 1000V/1500V full series of PCS and system integration products with centralized and string-type technical routes. It is suitable for multi-scenario applications such as power generation side, grid side, user side, and microgrid.

⑤ SOARING

Company profile:

Founded in 2002, Soaring is a professional company in the field of energy saving feedback testing and energy storage micro network. The main business includes high-efficiency feedback energy-saving electronic load, battery charging and discharging test system, energy storage bidirectional converter, energy storage micro grid system solution, EPC engineering and other turnkey technical services, which are respectively oriented to customers in the power supply production field, battery manufacturing and application, research field, new energy field, and can realize application integration between different products and businesses.

Recent layout:

In top 10 power conversion system companies in China, Soaring has completed more than 200 projects, delivered more than 700MW of large-scale energy storage, and explored many benchmarking energy storage microgrid projects. Up to now, Soaring's energy storage microgrid projects have spread all over the country, including tropical island areas with high temperature and humidity, high altitude and severe cold areas, and Fujian coastal areas with high salt corrosion. After various rigorous tests, Soaring products have leading performance and stable and reliable system operation, providing customers with more efficient, safer and more reliable energy storage systems.

⑥ SUNGROW

Company profile:

SUNGROW one of the top 10 home energy storage battery companies is a national key high-tech company focusing on the research and development, production, sales and service of new energy power equipment such as solar energy, wind energy, energy storage, hydrogen energy, and electric vehicles. The main products are photovoltaic inverters, wind power converters, energy storage systems, surface photovoltaic systems, new energy vehicle drive systems, charging equipment, renewable energy hydrogen production systems, and smart energy operation and maintenance services. And is committed to providing world-class clean energy full life cycle solutions.

Recent layout:

As one of the earliest companies and one of top 10 power conversion system companies involved in the energy storage field in China, Sungrow's energy storage system business covers China, the United States, the United Kingdom, Germany, Japan and other countries and regions, and its energy storage system shipments and PCS have ranked first among Chinese companies for six consecutive years. The company's core product photovoltaic inverter has passed the certification and testing of many international authoritative certification agencies such as TÜV, CSA, SGS, etc., and has been sold in batches to more than 150 countries and regions around the world.

⑦ GROWATT

Company profile:

GROWATT is a national high-tech enterprise specializing in providing solar grid-connected, off-grid, energy storage inverters and user-side smart energy management solutions. Since its establishment, it has been attracting attention with the speed of Shenzhen in the photovoltaic inverter industry. It only took less than a year and a half to grow into a well-known enterprise, and quickly became the number one home inverter in China.

Recent layout:

The GROWATT R&D team has more than 400 people, mainly the core expert team involved in the field of photovoltaic inverters in the early days. The company's product series is rich and complete, and the highest efficiency of the inverter is over 99%, which can be widely used in various application scenarios of photovoltaic power generation.

⑧ SINOSOAR

Company profile:

SINOSOAR is an international high-tech enterprise specializing in new energy microgrid and off-grid business. The business scope mainly involves technology research and development, product sales, project development, system design, system integration, construction, operation and maintenance, investment and financing and other fields.

Recent layout:

In the top 10 power conversion system companies in China, SINOSOAR SP30H is an on-grid and off-grid PCS specially designed for micro grids. The equipment is used to connect the energy storage system and the AC grid, which can be dispatched by the energy management system, or can perform bidirectional conversion of power according to the set parameters. The SP30H can be connected to the grid on the AC side, and at the same time it can run independently off the grid. The specially designed grid-connected mode can work in parallel with the diesel generator.

⑨ AISWEI

Company profile:

AISWEI is a leading new energy technology company specializing in the research and development and manufacture of photovoltaic inverters, energy storage inverters, smart charging piles and smart energy systems. Founded in 2007, the company is headquartered in Shanghai, China. It has R&D and manufacturing centers in Suzhou, Shanghai, Yangzhong and Xi'an, China. Its business branches are located in Asia Pacific, Europe, America, Africa and Oceania, and its products are sold in many countries and regions around the world.

Recent layout:

AISWEI has a full range of photovoltaic grid-connected inverter products from 1kW to 50kW. The inverter products produced have been sold in dozens of countries and regions, bringing solar energy to global users. At the same time, through the continuous improvement of the after-sales service system around the world, it has brought continuous and stable quality assurance and more value-added services to customers.

⑩ GINLONG

Company profile:

GINLONG was founded in 2005. Based on the new energy industry, the company is a high-tech enterprise specializing in the research and development, production, sales and service of string inverters for core equipment of photovoltaic power generation systems. After more than ten years of development, it was successfully listed on the Shenzhen Stock Exchange on March 19, 2019. GOODWE is the first A-share listed company with string inverters as its main business, and the first inverter company in the world to obtain a reliability test report from PVEL, a third-party authoritative organization.

Main products:

The main products of photovoltaic inverters: single-phase photovoltaic inverters, small three-phase photovoltaic inverters, large three-phase photovoltaic inverters, energy storage inverters, etc.

Recent layout:

Ginlong, one of top 10 power conversion system companies in China, shipped about 50,000 energy storage inverters in the first half of the year, exceeding the total shipments in 21 years. At present, Ginlong is deeply engaged in the fields of energy storage and household photovoltaics. In the second half of the year, Ginlong will benefit from the rapid increase in global demand and further breakthroughs in production capacity.

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