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solar market

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The global solar market is booming, and the Chinese inverter exports reach a record level in 2019 H1. According to the data of China Customs, Huawei exported 113,086 inverters in the first half of the year and ranked No.1 among the Chinese inverter manufacturers.

Growatt came after Huawei in the second place with 86,153 inverter exports, and Ginlong Solis in the third place with 78,114 inverter exports. GoodWe, Sungrow, SofarSolar and SolaX follow in the inverter export ranking. As shown in below chart, Huawei, Growatt, Solis and GoodWe are among the Tier 1 inverter manufacturers that have exported over 70,000 inverters.

Strong exports to Europe

The strong growth of Netherlands PV market has absorbed a large number of the Chinese inverter exports. Growatt shipped 43,487 inverters to Netherlands in the first half of 2019 and Huawei shipped 34,230, GoodWe 29,233, Solis 6,228, Sungrow 3,550 and SofarSolar 8,849, respectively.

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The renewable energy sector in UK is observed with growth momentum, which benefits Solis and SolarX. Overall, the Chinese inverter manufacturers exported to key European solar markets, Netherlands, Italy, UK, Belgium and Poland; all of them are markets with good potential.

Impressive growth in Australia and Americas

Apart from Europe, Chinese inverter manufacturers had their eyes on Australia. In Australia, Solis, Growatt, GoodWe and SolaX have taken a good pie of the market, all exporting over 10,000 inverters to the region.

Australia started encouraging the development of solar energy back in 2001, the same time when China stepped in to promote the growth of the industry. In 2009, Australia put forward with the feed-in tariffs policy and by the end of 2018, the country had installed a total capacity of over 11 GW. Its residential sector is expected to reach installed capacity of over 10 GW. Besides abundant solar resources, Australian market has many favorable conditions for the development of distributed PV generation with most Australian households living in independent houses or villas and a great number of independent public and commercial facilities.

In Americas, Argentina, Brazil and Mexico are the main destination of Chinese inverter exports. The growing Mexican solar market has imported a good number of inverters from Growatt, GoodWe and Solis. Brazil has also seen strong competition of the Chinese inverter brands. The US tariff on Chinese modules has affected the Chinese exports, but the Chinese manufacturers have quickly adjusted to the impact and turned to Latin America for growth.

Source: Growatt

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India has an outstanding solar potential and has become one of the largest emerging PV markets. However, its solar road gets bumpy from time to time. On July 30 last year, Indian government announced a 25% safeguard duty on imported PV modules, which shocked the solar industry. As a result, India had added a solar capacity of 8,263 MW by the end of 2018, down from 9,782 MW added in 2017.

Yet, India’s rooftop solar continues its growth impressively with YoY growth rate at 66 percent. Under these circumstances, brands from China that focuses on rooftop solar are continuing their expansion across India. Growatt, the Global Top 10 Solar Inverter Supplier has been increasing its investment in India.

We’ve been here in India for over eight years. And we’ve seen through years of strong growth an enormous solar potential of Indian rooftop. One key factor is that the commercial and industrial consumers are paying higher grid tariffs and this is a good incentive for them to get PV systems on their roofs. So we are very optimistic about Indian rooftop solar market in the long term.” said Rucas Wang, Growatt Regional Director. Wang, who is very familiar with the local solar community. And he understands the potential and importance of Indian solar market.

Indian solar market is on top of our list for business growth. We started increasing our investments significantly in marketing and staffing last year. Now we have a team of 24 local sales and service engineers. Service offices have been established in eight major cities to provide on-site service across India. A toll-free service hotline has also been set up as well to provide fast response for our customers.

With continuous investments by leading solar companies like Growatt, Indian rooftop sector will probably become increasingly vigorous in coming years. And if policy and financing support comes in, rooftop installations will take off for sure.

Source: Growatt

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