Huawei’s inverter segment also delivered an outstanding performance, with the two companies dominating the global market by a wide margin. Other enterprises, such as TBEA, Senergy, Deye and Ginlong (Solis), followed closely behind.
With continuous cost control optimisation and improvements in technological innovation and production efficiency, the inverter segment is expected to maintain its strong performance, becoming one of the most resilient niches in the photovoltaic industry chain.
However, inverter companies bucked the trend, becoming the industry’s brightest spot. Leading firm Sungrow achieved revenue of 77.86 billion yuan and a net profit of 11.04 billion yuan attributable to the parent company, both of which were record highs, with year-on-year growth of 7.76% and 16.92% respectively.
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The global solar storage container market is experiencing explosive growth, with demand increasing by over 200% in the past two years. Pre-fabricated containerized solutions now …
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Latest developments in solar power technology, energy storage advancements, photovoltaic products, and industry insights from our team of renewable energy experts.
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