Sungrow Power Supply Co., Ltd. Overview
Pro stress-test →Sungrow Power Supply is a global manufacturer of new energy power equipment spanning solar, wind, energy storage, hydrogen, electric vehicles, and charging infrastructure. The company specializes in photovoltaic (PV) inverters, wind power converters, energy storage systems, and floating PV systems.
Strategic Profile
Pro stress-test →Sungrow is one of the largest suppliers of solar inverters with over 20% market share by shipments as of 2023. Solar inverters, energy storage systems, and new energy investment/development respectively accounted for 37%, 32%, and 27% of 2024 revenue. The firm has established a stronghold in utility-scale solar and is expanding into distributed solar markets.
Competitive Landscape
Pro stress-test →Sungrow dominates with 20%+ solar inverter market share and strong utility-scale presence, though faces increasing competition in the more fragmented distributed solar market. Competitors include established inverter manufacturers and emerging regional players in energy storage systems. The company operates across Europe, Americas, Asia-Pacific, Middle East, and Africa, competing in diverse regional markets.
Industry Context
Sungrow Power Supply Co., Ltd. operates in Renewable Energy Equipment Manufacturing & Energy Storage Solutions.
Key facts
Founded: 1997 · Headquarters: Hefei, China · Employees: 17,305 · Revenue: $10.8B · Market cap: $47.2B