GoodWe Tops Among Global Hybrid Inverter Suppliers in 2019: Report

With more than 15 percent global market share, a leading solar photovoltaic (PV) inverter manufacturer, GoodWe ranked No.1 among hybrid inverter suppliers globally, as per the global energy research & consultancy firm.

According to the report published by Wood Mackenzie, or WoodMac, titled ‘Global PV Inverter Market Shares Full-Year 2019’, GoodWe has been ranked no. 1 in global storage hybrid inverter market share by shipments in megawatts.

On the significant development for the company, the Chinese PV inverter maker said that “this extraordinary achievement gives us enormous pride and it is a pleasure to share this huge milestone with our customers. It is because of great R&D capabilities, enhanced by more than 200 solar researchers, that GoodWe has attained this position of leadership in the complex and expanding energy storage segment.”

The company entered in the field of solar energy storage in 2014 and after years of continuous research & strategic deployment, it is now having a comprehensive storage portfolio ranging from 3kW to 100kW, covering single-phase and three-phase, high voltage and low voltage, DC-coupled and AC-coupled retrofit solutions.

Currently, it’s hybrid inverter portfolio comprised of Series ES, EM, ET, EH, BT, BH, SBP, ETC, BTC, SEA, used in different application scenarios and offer massive potential in the storage sector.

The company believes that on the back of its technological advancements and outstanding products, it has signed strategic cooperation agreements with Krannich Solar, Voltalia, Memodo, and other leading global distributors.

Commenting on this achievement, Daniel Huang, CEO of GoodWe, said “being the No. 1 hybrid inverter supplier on the planet is a recognition that motivates us to keep improving. GoodWe has always seen delivering high-quality inverters as its most important competitive advantage and its main contribution to the ongoing energy transformation.”

Huang further thanked the company’s customers and said, “we would like to express our appreciation to our customers and partners for their continuous support and for sharing all the valuable feedback that has helped us deliver outstanding products.”

Besides, the company enjoyed a significant position in the energy storage segment especially in Europe, South Africa and Australia. These days hybrid inverters are becoming more popular especially in markets where electricity prices are high such as Italy, Germany and Australia. Thus in order to maximize self-consumption, more residential consumers shown interest in hybrid inverters due to FIT and high electricity bills.

As per the company, it’s backup function ensures steady 24-hour power supply in extreme weather conditions and it is more beneficial for countries where grids are unreliable or in poor condition, as hybrid systems can offer the best alternative for self-sufficiency.

Meanwhile, the company has won the TÜV Rheinland’s ‘All Quality Matters’ award for four consecutive years since 2015.