IHS Markit has just released the statistics on the global market share of different inverter brands in 2018 Q1. From its last annual report for 2017, the global PV installation market reached 105 GW, and GoodWe supplied 3.2% which ranks Top 10 in the world PV inverter market. The strong momentum of GoodWe managed to increase from 2.2% in 2017 Q1 to 4.1% in 2018 Q1, which secures GoodWe ranking top 10 in the global PV installation market.
IHS Markit is the leading source of information, insight and analytics in critical areas that shape today's technology ecosystem. IHS Markit has been actively analysing the PV market and regularly publishes detailed reports on many markets. The analysis from IHS is highly efficient with no bias toward any companies, thus it is highly trustworthy.
Based on quarterly market shares in Asia, GoodWe has achieved Top 5 with market shares of 6.2%. Besides strong performance in Chinese market, GoodWe also succeeds in almost doubling the sales in the mature Australian solar market and 573% growth with excellent response in the prosperous Indian solar market in first quarter from the year before.
"From a small company started in 2010, we are proud that GoodWe has been able to successfully reach top 10 in both 2017 and 2018 Q1. We should claim the credit to our focus on technological innovation. With an in-house R&D team of 200 employees in two R&D centers, GoodWe can offer a comprehensive portfolio of products and solutions for residential, commercial and utility scale PV systems, ensuring that performance and quality go hand-in-hand across the entire range. Nevertheless, GoodWe will continue to work hard to pursuit the first place in the global world rankings", said Mr Huang Min, CEO of GoodWe.
GoodWe inverters offer reliable operation and excellent performance and are well recognized by customers worldwide. GoodWe's philosophy is to always create win-win partnerships with customers by identifying and integrating the most advanced components and techniques available while offering an unparalleled after-sales service.