According to EnergyTrend, China exported $1.3 billion (USD) in inverters during the first half of 2019, with the country’s top five inverter manufacturers accounting for 36 percent of total export value. Photovoltaic inverter manufacturing Ginlong Technologies and its Solis brand now rank third among all Chinese inverter exports.
“Despite turbulent market conditions for solar inverters since 2018, Ginlong continues to increase year-over-year sales, market share, and export volumes of our Solis string inverter portfolio,” says Ginlong CEO Jimmy Wang. “Our global expansion leverages strategic offices in the U.S., Europe, Australia, India, and Mexico to support our inverter export push going into 2020.”
According to customs data, half of China’s inverter exports went to five countries — the Netherlands (16% of total value), United States (15%), Vietnam (10%), India (6%), and Germany (5%). Emerging markets and thriving demand in Europe offer new growth opportunities for key Chinese manufacturers over the next few years.
“Our goal is to merge our global reach with a keen focus on local markets. Not only have we optimized our Solis inverters for each regional market, but we are pleased to have brought together some of solar’s top inverter experts to staff our sales, service, and support operations in each local market,” says Susanna Huang, General Manager of Ginlong Solis USA.
— Solar Builder magazine