Berlin, July 23, 2025
Growatt has just shattered records by clinching the top spot as the Global No.1 Residential PV Inverter Supplier in 2024, according to the latest S&P Global Commodity Insights report. This solar powerhouse isn't stopping there — they also rank among the top three hybrid inverter suppliers and top five commercial PV inverter suppliers worldwide.
This achievement marks a significant leap from last year's standings, where Growatt ranked second in residential and fifth overall. It's clear: Growatt is accelerating its momentum as a global leader in solar and energy storage solutions.
Powering Homes and Businesses Worldwide
Growatt's reputation for reliable, high-efficiency residential inverters is unmatched. Their products come packed with smart monitoring features that make adopting solar energy seamless and cost-effective for millions of homeowners across more than 180 countries.
Growatt's hybrid inverters integrate solar power with energy storage systems, providing users with enhanced control, backup power, and energy resilience -- a game changer for anyone serious about energy independence.
In the commercial sector, Growatt continues to expand its footprint, offering robust solutions that help businesses slash energy costs while pushing toward carbon neutrality.
Their energy storage systems (ESS), designed for both residential and commercial use, complement solar inverters perfectly--providing flexible, grid-independent energy solutions fit for any scenario.
A Global Network Behind the Success
Growatt extends sincere thanks to its worldwide community of partners, distributors, EPCs, installers, and users. This collective effort has fueled their rise to the top.
"This milestone belongs to our global network," says CEO David Ding. "Together, we're building a cleaner, more energy-resilient future."
Innovation and Service at the Core
Investing 4.5% of annual revenue into research and development, Growatt operates four major R&D centers in Shenzhen, Huizhou, Xi'an, and Germany. Their team of over 1,100 engineers focuses on cutting-edge photovoltaic and energy storage technologies to keep Growatt ahead of the curve.
From AI-powered tools to intelligent monitoring platforms and hybrid inverter storage systems, Growatt delivers smart energy management solutions that optimize performance worldwide.
Their extensive training centers and after-sales support networks ensure customers get expert help whenever needed -- reinforcing Growatt's commitment to exceptional service.
Driving the Future of Clean Energy
Growatt's mission is clear: to be the most reliable solar inverter company powering the clean energy transition globally. With tailored solutions for emerging markets and a focus on sustainability, Growatt is lighting the way toward a smarter, greener tomorrow.
- PRN
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