Solis: 3rd largest PV inverter Manufacturer Globally According to Wood Mackenzie
09:39 | 25/08/2023
|Solis: 3rd largest PV inverter Manufacturer Globally According to Wood Mackenzie
In 2022, Solis experienced an exceptional year of growth, marked by the inauguration of a brand-new factory featuring state-of-the-art, automated production lines. This expansion allowed the company to bolster its manufacturing capacity significantly, enabling us to serve an even larger customer base worldwide. In a year marked by multiple challenges, the firm has gained a share based on the strong backing of its partners and customers to deliver on time.
In 2022, when it comes to the top 5 firms globally, Solis has grown 86% over 2021, by far the fastest growth in the group. More importantly, this growth came on a significant 61% growth in 2021 over 2020, indicating the strong sales network and brand recognition the firm has built up.
"Solis ranked 3rd largest PV inverter manufacturer globally for the second consecutive year," stated Sandy Woodward at Solis Inverters. "We couldn’t have achieved this without our 4500+ strong global team’s commitment to excellence. As we expand our manufacturing capacity further, we are well-positioned to continue on a path of growth, dedicated to contributing to a zero-carbon future."
This latest data comes on the back of many awards and accolades for Solis over the last 18 months. The company was presented the “top inverter brand 2023” seal for Belgium by the respected global market research organization, EUPD Research; having gained the same seal for the Netherlands and South Africa. This marks the eighth year running in which Solis has been recognized by EUPD, based on 100,000 interviews across more than 50 countries.
With a presence in over 100 countries worldwide, Solis Inverters rapid ascendence in the rankings is a reward for its responsiveness to market needs, with overall manufacturing capacity set to exceed 80 GWs by the close of 2023. Solis has remained focused on a model where the firm fully backs local sales, marketing, training, engineering, and service support for clients, ensuring high satisfaction levels and brand pull even in newer markets.
Established in 2005 and listed on the Shenzhen Stock Exchange (300763. SZ), Ginlong (Solis) Technologies is one of the largest and most experienced global solar inverter manufacturers. The company provides cost-effective solutions for homes, businesses and large-scale power plants; delivering value at every level of the solar supply chain and appealing to homeowners and businesses, as well as electricity producers and renewable energy investors globally. Combining a global supply chain with world-class R&D and manufacturing capabilities, validated under the most stringent international certification, Ginlong optimizes Solis inverters for each regional market, serving and supporting its customers with a team of local experts. The company aims to work with stakeholders to accelerate the world's journey towards a more sustainable future.