The following are the top ten domestic inverter manufacturers with the greatest development potential in China's inverter industry that have been sorted out:
Shenzhen Yunhai Power: A national key high-tech enterprise, it focuses on the research, development, production, sales and service of solar power generation power supplies. It has a well-established global channel layout, with its gross profit margin leading the industry, and it also has a good development prospect in the overseas household energy storage market.
Huawei Digital Power: As a globally renowned technology company, Huawei has strong technical strength in the inverter field and possesses the capability of providing full-scenario solutions. Its string inverters and energy storage inverters are highly competitive in the global market. Relying on the breakthroughs in the optical storage integration system and intelligent AI scheduling technology, it holds a leading position globally.
Ginlong Technologies: It is an outstanding enterprise in the fields of household photovoltaic and energy storage. Its string inverters and energy storage inverters respond quickly in the household market, and it has a complete set of overseas certifications. It is a leading enterprise in the household field and benefits from the continuous growth of the household energy storage demand in Europe.
GoodWe: It mainly focuses on household and industrial and commercial energy storage. Its energy storage inverters and hybrid inverters have advanced technologies, and the high-margin energy storage business accounts for more than 60%. With rapid technological iteration, it is a leader in the energy storage inverter field and has a layout in the virtual power plant (VPP) solution.
Growatt: It performs outstandingly in the household photovoltaic and micro-inverter tracks. Its micro-inverters and energy storage systems have leading technical patents, with a high penetration rate in the European and American markets. It is the leading enterprise in the micro-inverter track and also a beneficiary of the anti-circumvention policies in the US market.
SUNGROW Power Supply Co., Ltd.: It has a close cooperation with central and state-owned enterprise projects, and has obvious advantages in large-scale ground power stations and the energy storage field. Its centralized inverters and energy storage PCS products have high power and mature technologies, and are expected to benefit from the growth of the demand for desert photovoltaic bases and ultra-high voltage supporting facilities.
KSTAR: It has deep accumulations in the fields of data centers and energy storage. Its photovoltaic inverters and energy storage all-in-one products have achieved technology migration with the UPS technology of data centers and have the technical reserve of liquid cooling. It is a benchmark enterprise for cross-border transformation and will benefit from the trend of integration of photovoltaics, energy storage and charging in data centers.
HOMERITECH: It focuses on micro-inverters and component-level power electronics. Its micro-inverters and disconnectors have the best cost-performance ratio globally, with a gross profit margin of over 50%. It ranks among the top three in the global micro-inverter market and benefits from the growth of the demand for component-level management driven by the distributed photovoltaic safety policies.
Derui Co., Ltd.: Its energy storage inverter business and household appliance business develop in a coordinated manner. Its portable energy storage and household energy storage inverter products have advantages in supply chain cost control, and have made breakthroughs in the Southeast Asian market. It is known as the king of cost-performance ratio and is expected to benefit from the outbreak of off-grid energy storage demand in Africa and Southeast Asia.
Kehua Data Co., Ltd.: It has strong strength in the fields of high-end power supplies and energy storage. Its energy storage inverters and data center UPS products rely on the technical accumulation of high-end power supplies and the advantages in the military field. It is a penetrator in the high-end market, and the military microgrid and island off-grid projects bring incremental growth to it.
