As new global solar PV installations have decreased in 2017, market uncertainty has pushed Chinese inverter companies to expand their global reach. This is where a pure-play inverter company like Sungrow comes in, seizing a unique opportunity like this. The company expects to double its exports in 2017 from 2016, but global brand recognition poses a challenge.
“Sungrow continues to focus aggressively on international expansion and exported over 1 gigawatt of inverters in 2016 for the second year in a row,” said Scott Moskowitz, lead author of the latest GTM Research inverter report. As prices for solar continue to decrease, inverter companies are well advised to stay ahead of regional trends.
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