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2024 Recap: Growatt Leads the Charge in Global Renewable Energy – EQ

2024 Recap: Growatt Leads the Charge in Global Renewable Energy – EQ

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Amid a global surge in solar power demand, Growatt is setting new benchmarks in renewable energy, with innovations tailored to meet the world’s rapidly evolving energy needs. The surging global adoption of photovoltaic (PV) systems has placed unprecedented demand on high-quality, reliable energy solutions. Growatt has risen to meet the challenge.

Facing this escalating need, the company secured its place as the world’s fifth-largest PV inverter supplier, and ranked second in residential inverter shipments, fifth in C&I inverter shipment according to S&P Global. Growatt has also collected more than 15 EUPD Awards, displaying a higher recognition of brand across the Americas, Africa, Europe and etc. In 2024 November, Growatt has been named among 2024 Forbes China Globalization Brands Top 30. This recognition reinforces Growatt’s position as a benchmark for Chinese enterprises in their journey of international growth.

The company’s top-tier place ranking in solar energy industry speaks to a focused strategy that leverages user-centric innovation and scalable solutions.

To support its user-centered and globalization strategy, the company has established 65 marketing and service outlets across 22 countries. With a business footprint also covering more than 180 countries and regions globally, Growatt is now focusing on regions with varying energy needs and regulatory landscapes. By setting up subsidiaries in Spain, France, Brazil, and other nations, Growatt has created a support framework that tackles localized needs — a necessity for ensuring smooth operations and prompt, high-quality service.

In 2024, Growatt greatly increased its visibility around the world by showcasing itself in 49 international renewable expos. At “Renewable Energy India Expo” 2024, the company unveiled a comprehensive range of solar and energy storage solutions. It showcased a variety of innovative PV inverters and energy storage solutions, including the NEO 2000M-X micro-inverter for residential use, MID and MAX series inverters for commercial and industrial applications featuring advanced MPPTs and high DC/AC ratios, and the newly unveiled MAX 350KTL3-X utility-scale inverter with 99.03% efficiency. Additionally, visitors could explore EV chargers, battery storage systems, and portable power stations, demonstrating the company’s comprehensive approach to meeting diverse energy needs.

With 86 roadshows conducted worldwide, Growatt has tapped into a feedback loop that fuels real-time innovation, enhancing its ability to deliver products that are both competitive and relevant across 39 countries and regions. These interactions allowed the company to refine its technology offerings in direct response to market feedback — a significant advantage in an industry where requirements shift quickly.

This year, Growatt has made significant strides in expanding its global footprint, with notable success in emerging markets across APAC, the Middle East, and Africa. As Growatt continues to innovate and expand, its focus remains on empowering users with intelligent applications and advanced storage systems that facilitate a seamless transition to renewable energy sources.

By leveraging cutting-edge technology and fostering industry partnerships, Growatt believes it is well-positioned to help drive the global renewable energy transition forward in 2025, and beyond.

Anand Gupta Editor - EQ Int'l Media Network