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Photovoltaic power generation market continues to prosper
After 2011, China, Japan, and the United States have developed rapidly in the field of solar photovoltaic applications, becoming the main driving force for the growth of global photovoltaic applications. The global cumulative installed photovoltaic capacity has begun to grow rapidly, with an annual growth rate of more than 50%, and off grid solar batteries are also an integral part of them. Although the growth rate of installed capacity began to decline after 2011, the cumulative installed capacity of photovoltaics still maintained an annual growth rate of more than 30GW, and the Top 5 inverter battery companies made outstanding contributions to this.
In 2021, the new global photovoltaic increase will reach 170GW. In recent years, countries including China have successively issued a series of policies to actively support the development of the photovoltaic industry. By the end of 2021, the installed capacity of photovoltaic power generation grid-connected has reached 306 million kilowatts, breaking the 300 million kilowatt mark, ranking first in the world for seven consecutive years . The industry has developed rapidly, and the photovoltaic industry has officially entered the era of affordable Internet access.
China's PV inverter market has good prospects
With the rapid development of the global photovoltaic power generation industry, China's photovoltaic inverter output has increased from 16.3GW in 2014 to more than 100GW in 2020, with an average annual compound growth rate of more than 35%. In 2021, China's newly installed photovoltaic power generation capacity will increase by 10% year-on-year, and Chinese enterprises have also increased the production layout of photovoltaic inverters like pure sine wave inverter 3000w, 2000 watt car inverter, car inverter 1000 watt, 500w car inverter, driving further growth in the output of photovoltaic inverters. In recent years, some manufacturers in other countries around the world have begun to withdraw from the photovoltaic inverter business, and the global market share of Chinese photovoltaic inverter companies has continued to increase.
Since 2015, HUAWEI, SUNGROW and Germany's SMA have ranked among the top three in the global inverter industry, with a solid industry position. At the same time, China's well-known inverter brands, including GINLONG, SINENG, GOODWE, and KSTAR, have grown rapidly, and their shipments and global market share have steadily increased. This article will provide you with more information about Top 5 inverter battery companies, it may help you have a deeper understanding of the trends of Top 5 inverter battery companies in China.
1.SUNGROW
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Established time |
July 11, 2007 |
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Headquarters location |
Hefei , Anhui Province, China |
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Total market value |
134.367 billion RMB |
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Company website |
www.sungrowpower.com |
Company Profile:
SUNGROW focuses 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. Its main products include photovoltaic inverters, wind power converters, energy storage systems, surface photovoltaic systems, new energy vehicle drive systems, charging equipment, renewable energy hydrogen production systems, smart energy operation and maintenance services, etc., and it is committed to providing global Best-in-class clean energy lifecycle solutions.
As of the end of December 2021, the company has accumulated over 224GW of inverter equipment installed capacity in the global market. 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. Among the Top 5 inverter battery companies in China, SUNGROW ranks first with its excellent performance.
Main Products and services:
Photovoltaic inverters, wind power converters, energy storage systems, water surface photovoltaic systems, new energy vehicle drive systems, charging equipment, renewable energy hydrogen production systems, smart energy operation and maintenance services, etc.
Latest news:
On May 26, 2022, SUNGROW 2022 will hold an online new product launch conference. This time SUNGROW launched the industry's first "three-electrical integration" full-series of liquid-cooled energy storage solutions PowerTitan and PowerStack for large-scale ground, industrial and commercial power station application scenarios. SUNGROW has launched a full range of liquid-cooled energy storage systems through professional integration and self-developed key equipment such as ESS, PCS, and EMS.
Transform energy storage safety and power grid safety from passive protection and adaptation to active safety and support, further improve lifespan, increase efficiency and reduce losses, comprehensively reducing LCOS by more than 20%. It is estimated that by the end of 2022, the global shipment of SUNGROW's full range of liquid-cooled energy storage systems will exceed 12GWh. As a photovoltaic inverter giant, SUNGROW will sell 47GW of photovoltaic inverters in 2021, and the global shipment of energy storage systems will reach 3GWh.
2.HUAWEI
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Established time |
September 15, 1987 |
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Headquarters location |
Shenzhen, Guangdong Province, China |
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Registered capital |
40.44113182 billion RMB |
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Company website |
http://www.huawei.com/cn |
Company Profile:
HUAWEI is the world's leading provider of ICT (Information and Communication) infrastructure and smart terminals. HUAWEI is committed to becoming the preferred partner for the digital transformation of the global power industry, adheres to the platform + ecological strategy, and deeply integrates innovative ICT technology, power digital platform and industry practical experience. With the "3intelligent" strategy, it leads scenario-based solutions in the fields of smart power generation, smart grid, and smart services, helping power companies achieve safe, efficient, green, and innovative transformation and upgrading, and achieve sustainable development.
Main Products and services:
Scenario-based solutions for smart power generation, smart grid, and smart services.
Latest news:
On April 28, HUAWEI officially stated: "In 2021, the global shipment of Huawei's smart photovoltaic inverters will exceed 52GW, and the global shipment of energy storage systems will exceed 2GWh." In addition, according to HUAWEI's internal personnel, HUAWEI's self-built photovoltaic power station began in 2012. It has built distributed smart photovoltaic power stations with a total capacity of 19.5 MW in rooftop squares such as Huawei's South Factory in Dongguan, Huawei's Hangzhou Research Institute, Suzhou Research Institute, and Nanjing Research Institute. The southern factory power station can generate more than 17 million kWh of electricity every year, which can meet about 10% of the electricity demand of Huawei's southern factory base.
3.GROWATT
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Established time |
March 3, 2011 |
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Headquarters location |
Shenzhen, Guangdong Province, China |
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Registered capital |
426.394053 million RMB |
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Company website |
www.@ginverter.com |
Company Profile:
As a global leader in smart energy solutions, GROWATT offers a broad portfolio of products and solutions, including photovoltaic inverters, energy storage systems, EV chargers and smart energy management solutions. GROWATT is committed to becoming the world's largest supplier of smart energy solutions. To promote the use of clean energy, GROWATT is committed to providing comprehensive and professional training in solar photovoltaic, battery energy storage and smart energy management technologies.
GROWATT is not only one of the Top 5 inverter battery companies in China, but also one of the top 10 inverter brands in the world. Havinaits has a competitive advantage in distributed solar, the company is the world's number one residential inverter supplier and the world's top 5 commercial inverter supplier. In addition, GROWATT is the world's second largest supplier of storage hybrid inverters.
Main Products and services:
Photovoltaic inverters, energy storage systems, EV chargers and smart energy management solutions.
Latest news:
From May 11th to 13th, as one of the first-tier energy storage companies in China, GROWATT participated in IntersolarEurope, a global solar energy professional exhibition and trade fair. In this exhibition, GROWATT showcased its reliable, sustainable and all-scenario smart energy solutions. Its newly launched BatteryReady home energy storage preparation solution, industrial and commercial inverter MAX100-125KTL3-X, and THOR series of intelligent charging piles were unveiled simultaneously. According to the data, by the end of 2021, GROWATT has shipped more than 3.8 million sets of equipment in more than 100 countries and regions around the world, and has shipped more than 40 gigawatts (GW) of inverter capacity.
4.GINLONG
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Established time |
September 9, 2005 |
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Headquarters location |
Ningbo, Zhejiang Province, China |
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Total market value |
56.088 billion RMB |
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Company website |
www.ginlong.com |
Company Profile:
Based on the new energy industry, GINLONG is an enterprise specializing in the research and development, production, sales and service of string inverters, the core equipment of photovoltaic power generation systems. The company was successfully listed on the Shenzhen Stock Exchange on March 19, 2019. It is the first A-share listed company with string inverters as its main business, and the first company in the world to obtain the reliability test of PVEL, a third-party authority. Reported by Inverter Enterprise.
Main Products and services:
Photovoltaic inverters, energy storage inverters and other equipment such as box data collectors and intelligent power control boxes.
Latest news:
On June 10, 2022, the "2022 Global Top 20 Photovoltaic Ranking List" was officially released online, and GINLONG ranked among the top two listed companies of photovoltaic inverters in China in 2022. On April 25, GINLONG released its 2021 annual report, stating that in 2021, the company's production capacity will be 370,000 units/year, the output will be 761,300 units/year, the capacity under construction will be 400,000 units/year, and the planned capacity will be 770,000 units/year.
5.GOODWE
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Established time |
November 5, 2010 |
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Headquarters location |
Suzhou, Jiangsu Province, China |
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Total market value |
29.26 billion RMB |
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Company website |
www.goodwe.com |
Company Profile:
GOODWE is committed to digitizing and intelligentizing each power station to provide a complete integrated solution for future smart energy. GOODWE 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 a power coverage of 0.7-250kW, and is committed to provide overall solutions such as smart energy management for home, industrial and commercial users and ground power stations.
Main Products and services:
Home photovoltaic inverters, industrial and commercial photovoltaic inverters, ground photovoltaic inverters, energy storage inverters, batteries, smart energy supporting products and photovoltaic building materials.
Latest news:
Recently, GOODWE invested in Zhongheng micro Semiconductor Co., Ltd. Zhongheng micro Semiconductor Co., Ltd. is a company dedicated to the design, manufacture and system application of power semiconductor modules. Its products are mainly used in new energy vehicles, motor drives, photovoltaic inverters and other industries. Its business scope includes silicon carbide module packaging design.
By the end of 2021, GOODWE's main products include photovoltaic grid-connected inverters, photovoltaic energy storage inverters, batteries and smart energy management system products. In 2021, the company established a holding subsidiary, DIAN LE DUO, to actively deploy distributed household photovoltaic power generation systems. At the same time, it has laid out new businesses such as BIPV, energy storage batteries and photovoltaic building materials, and launched two battery products, LynxHomeU series low-voltage batteries and LynxHomeF series high-voltage batteries.
The above is a detailed introduction to the information on the Top 5 inverter battery companies in China in 2024. After reading the relevant introduction of Chinese inverter battery companies, you may be interested in the ranking and details of world battery companies. Top 10 lithium battery companies on our website can fully meet your information needs, this article will provide you with the latest development about lithium ion battery companies in the world.