{"id":39393,"date":"2020-04-30T08:49:10","date_gmt":"2020-04-29T22:19:10","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=39393"},"modified":"2020-04-30T08:49:10","modified_gmt":"2020-04-29T22:19:10","slug":"sungrow-inverter-report-mb1506","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/","title":{"rendered":"Sun Continues To Shine For Sungrow"},"content":{"rendered":"

\"Sungrow<\/p>\n

Sungrow’s summary report for 2019 shows the company continuing to be one of the leaders in the solar inverter market.<\/p>\n

The summary report is a little light on details, but reveals\u00a0 inverter shipments in 2019 reached 17.1GW, with international shipments accounting for 9GW of that total and 8.1GW for domestic. It was a stellar year in terms of overseas shipments, jumping 87.5%. Another major milestone achieved in 2019 was the company reaching a cumulative total of 100GW of shipped inverter capacity<\/a>.<\/p>\n

Sungrow says it saw revenue of $1.864 billion (assumed USD) last year, an increase of 25.4% on 2018’s $1.864 billion. The company is continuing to invest heavily in research and development, with 1,627 R&D personnel assigned and an increase in investment by 31.8% to $911.8 million in 2019.<\/p>\n

While inverters are a special focus for the company, Sungrow’s battery storage<\/a> division has been growing rapidly. The company reports its energy storage segment saw year on year revenue growth of 41.8%<\/p>\n

Sungrow offers a range of energy storage solutions, from home batteries to large-scale storage solutions. Specifications and indicative pricing of the Sungrow SBP4K8\u00a0home battery system, which is available in Australia, can be found on SQ’s solar battery comparison table<\/a>.<\/p>\n

“Minimal Impact” From Coronavirus<\/h2>\n

As for the impact of COVID-19, Sungrow says its China-based manufacturing was back up to full production capacity in early March. Status of its factory in India wasn’t noted.<\/p>\n

\u201cThe coronavirus has had only a minimal negative impact on Sungrow\u2019s business development so far. We are moving fast in uncertain times,\u201d said<\/a> Sungrow Chairman Cao Renxian.<\/p><\/blockquote>\n

The company claims it is still getting many orders out on schedule, and those that are delayed are only being held up by “a few weeks”. But that’s only one part of the delivery equation – add to that potential COVID-19 delays in shipping and there may be some anxious Sungrow customers out there.<\/p>\n

Among the other Chinese solar manufacturers that have recently stated they have brushed off much of the impact of COVID-19 and returned to full production capabilities in China are JinkoSolar<\/a> and Longi<\/a>.<\/p>\n

Looking ahead, Sungrow says its upcoming quarter orders were enough to indicate another year of growth.<\/p>\n

Sungrow is continuing to claim it is maintaining a worldwide market share of over 15%, while in South-east Asia specifically the firm says it holds a market share of over 30%.<\/p>\n

Sungrow solar inverters<\/a> have been on the Australian scene since 2012 and the feedback we’ve seen here on SolarQuotes has been generally positive. The company is currently listed on our trusted brands chart<\/a> as offering good inverters at the budget end of the solar inverter<\/a> spectrum.<\/p>\n

A recent hiccup for the company was the revelation of a security vulnerability in the Sungrow SH5k-20 inverter that was subsequently patched – you can read more about that here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sungrow’s summary report for 2019 shows the company continuing to be one of the leaders in the solar inverter market.<\/p>\n","protected":false},"author":17,"featured_media":39394,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-39393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nSun Continues To Shine For Sungrow - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Sungrow's summary report for 2019 shows the company continuing to be one of the leaders in the solar inverter market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sun Continues To Shine For Sungrow\" \/>\n<meta property=\"og:description\" content=\"Sungrow's summary report for 2019 shows the company continuing to be one of the leaders in the solar inverter market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-29T22:19:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/sungrow-inverter-report.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Sun Continues To Shine For Sungrow\",\"datePublished\":\"2020-04-29T22:19:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/\"},\"wordCount\":472,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/sungrow-inverter-report.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-report-mb1506\/\",\"name\":\"Sun Continues To Shine For Sungrow - 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Sungrow\u2019s operating revenue saw a year-on-year increase of 79.5% in 2023, reaching USD $10.2 billion. Net profit attributable to shareholders jumped by 162.7% to USD $1.3 billion. \"This robust growth was primarily attributed to\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sungrow inverters and batteries","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/04\/sungrow-shipments.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/04\/sungrow-shipments.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/04\/sungrow-shipments.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/04\/sungrow-shipments.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/04\/sungrow-shipments.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":93306,"url":"https:\/\/www.solarquotes.com.au\/blog\/inverter-shipments-2024-mb3229\/","url_meta":{"origin":39393,"position":2},"title":"Top Solar Inverter Shippers Revealed","author":"Michael Bloch","date":"July 21, 2025","format":false,"excerpt":"For the tenth consecutive year, two manufacturers ranked first and second in Wood Mackenzie's global inverter shipment rankings \u2014 with the pair accounting for 55% of the global inverter market in 2024. While Europe and the United States both saw a decline in inverter shipments in 2024, growth in the\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar inverter shipment rankings.","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/07\/solar-inverter-shipments.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/07\/solar-inverter-shipments.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/07\/solar-inverter-shipments.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/07\/solar-inverter-shipments.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/07\/solar-inverter-shipments.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":85908,"url":"https:\/\/www.solarquotes.com.au\/blog\/top-inverter-shippers-mb2984\/","url_meta":{"origin":39393,"position":3},"title":"Top Solar Inverter Shippers Of 2023 Unveiled","author":"Michael Bloch","date":"August 13, 2024","format":false,"excerpt":"The top 10 PV inverter manufacturers accounted for 81% of the global market last year, and two captured more than 50% says Wood Mackenzie. According to a report from the firm, global solar inverter shipments grew by 56% to 536 gigawatts alternating current (GWac) in 2023. The top 5 manufacturers\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar inverter shipments in 2023","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":45602,"url":"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverters-australia-mb1794\/","url_meta":{"origin":39393,"position":4},"title":"Sungrow Celebrates 1GW Of Solar Inverter Capacity In Australia","author":"Michael Bloch","date":"December 10, 2020","format":false,"excerpt":"Solar inverter and energy storage manufacturer Sungrow has reached a significant milestone here in Australia - 1GW of inverter capacity deployment. The company has come a long way since its very humble beginnings. Sungrow was founded in 1997 by Cao Renxian, who was a professor at China's Hefei University of\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sungrow solar inverters - Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":40211,"url":"https:\/\/www.solarquotes.com.au\/blog\/sungrow-renewable-energy-mb1544\/","url_meta":{"origin":39393,"position":5},"title":"Sungrow Commits To 100% Renewable Electricity","author":"Michael Bloch","date":"June 1, 2020","format":false,"excerpt":"China's Sungrow, one of the world's largest manufacturers of solar inverters, has pledged to switch to 100% renewable energy for its electricity requirements by 2028. The announcement coincided with the firm joining the RE100, a global initiative led by The Climate Group that is bringing together major businesses committed to\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sungrow 100% renewable energy target","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/sungrow-renewable-energy.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=39393"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39393\/revisions"}],"predecessor-version":[{"id":39397,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39393\/revisions\/39397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/39394"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=39393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=39393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=39393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}