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Sungrow beats SMA to be globally leading PV inverter manufacturer March 2018

Sungrow beats SMA to be globally leading PV inverter manufacturer March 2018

Chinese giant of inverter, Sungrow, edged out Germany’s SMA in terms of MW, to be the new leading inverter manufacturer with the volumes of 8.2GW shipments.

Photon Inertational March 2018 Tests SunGrow Sun Access SG15TKL results for Sungrow inverter scored an A grade in all categories tested, they measured an efficiency of 97.0% at high irradiation. They praised its quality of construction. With the shipments of PV inverters of 8.2GW in total, the Chinese inverter giant, Sungrow Power Supply Co., Ltd. (Sungrow) successfully nudged SMA with more 0.9GW. According to its 2015annual report, the total revenue of Sungrow in 2015 was about USD712.2 million (RMB4.6 billion), up 51.79% YoY and the net profit was USD68.12 million (RMB440 million), up 56.04% YoY.

Sungrow attributed its increasing revenue to the business expansion on the domestic and overseas markets through its main products, which helped increase Sungrow’s operating scale and economic benefit rapidly.

Founded in 1997, Sungrow was the first manufacturer to have R&Ds and to commercialize string inverters. Currently, the MW volume of Sungrow products is over 3GW in the power stations among the world. Compared with most of the Chinese manufacturing enterprises, Sungrow spent a lot on R&Ds and launched three to five leading new products every year. The power range of Sungrow PV inverters covers from 2kW-2.5MW.

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