Growatt has been recognized among the 30 Global Brands in Forbes China’s Global Innovators Selection. This prestigious recognition celebrates companies that have demonstrated exceptional achievements in global expansion and innovation.

The selection process by Forbes China involved a comprehensive evaluation based on international market expansion, brand influence, innovation capabilities, and financial performance. This recognition reaffirms Growatt’s position as a leading Chinese company on its path to international growth.

“We are honored to receive this recognition from Forbes China,” said Lisa Zhang, Vice President of Growatt. “Our success is due to our deep understanding of the diverse market needs and our ability to provide innovative and reliable energy solutions across different regions,” she emphasized.

In 2024, Growatt made significant progress in expanding its global presence, with notable successes in emerging markets in the Asia-Pacific, Middle East, and Africa. The company has demonstrated exceptional capacity to tailor its energy solutions to the specific needs of each region, contributing to sustainable and resilient energy infrastructures worldwide. Its manufacturing plant in Haiphong, Vietnam, with an annual production capacity of 500,000 inverters and 100,000 batteries, strengthens the company’s global supply chain and ensures consistent product quality for customers worldwide.

The manufacturer has established a globalization and localization business strategy through a network of local sales, warehouses, and after-sales services across the globe. By deploying local sales teams that work directly with installers and system integrators focused on end-users, Growatt effectively connects sales channels, enhances marketing efficiency, and accurately understands the needs of end customers.

The company operates 58 after-sales service centers in 24 countries, supported by more than 300 after-sales service specialists. Committed to its partners and customers, Growatt held more than 80 global events in 2024, offering comprehensive product training and technical support across regions.

At the heart of Growatt’s success is its dedication to innovation, allocating 4.6% of its annual revenue to research and development. The company has multiple professional R&D centers with over 1,100 engineers, including PhDs and senior specialists. This commitment has resulted in numerous patents across its product range, including photovoltaic inverters, energy storage systems, electric vehicle chargers, and intelligent energy management solutions.

A standout innovation is the WIT hybrid series, designed for commercial and industrial energy storage applications, compatible with the company’s modular battery systems. Additionally, Growatt has made significant advancements in microinverter technology, facilitating access to solar energy for urban residents through balcony installations.

The company’s market leadership is evident in its position as the second-largest global supplier of residential inverters, among the top five photovoltaic inverter suppliers, and its strong presence across various segments of the solar inverter market. In 2024, Growatt received 14 Top PV Brand awards and two SolarProsumer Awards from EUPD Research, confirming the strength of its brand in the global energy sector. With an extensive distribution network spanning more than 180 countries and 65 representative offices worldwide, Growatt provides localized support and services to customers across diverse markets.

As the renewable energy sector continues to expand globally, Growatt maintains its focus on innovation and market development while advancing sustainability initiatives. The company’s strategic vision aligns with the global transition to cleaner energy solutions, positioning it as a key player in building a sustainable energy future.