Sungrow Power Supply Hit by Intensifying Competition
Business Strategy and Outlook
Sungrow Power Supply is one of the largest solar inverter suppliers. The firm has established a stronghold in supplying inverters for utility-scale solar, and is trying to expand its presence in distributed solar. Following years of exponential growth, solar installation has slowed. As a result, we project only a 5% compound annual growth rate in inverter revenue over the next five years.
