HEFEI,
China, March 29, 2024 /PRNewswire/ -- Sungrow, a
global leading PV inverter and energy storage system supplier, has
emerged as one of the standout companies on the 2024 Fortune Asia
Future 30 list. The list, which recognizes the most promising
companies in Asia Pacific, is a
testament to Sungrow's commitment to innovation, sustainability,
and exceptional performance in the renewable energy industry.
Against the backdrop of lingering macroeconomic uncertainties
and potential geopolitical shocks in the Asia-Pacific region, the inaugural Fortune
Asia Future 30 shines a spotlight on the region's vibrant corporate
stars. In collaboration with Boston Consulting Group, Fortune has
identified high-potential Asian companies using a dynamic index
that quantifies their long-term growth prospects[1].
The retrospective analysis shows that the revenue growth of the
top 30 Asian companies in the future is significantly better than
their peers. From the first half of 2020 to the first half of 2023,
the average annual compound growth rate of these companies' revenue
was 51%, while the average growth rate of the top 500 companies
ranked by S&P Pan Asia BMI was 6%. Past performance does not
guarantee future success, but the top 30 Asian companies in the
future can achieve value creation growth[2].
Sungrow's ascendance onto the list is a testament to its
innovation, technological prowess, and commitment to
sustainability. With a commendable 27-year history in the renewable
energy sector, Sungrow holds a significant position in both the PV
inverter and energy storage markets. A report issued by
WoodMackenzie in October 2023
highlighted Sungrow's dominance in the energy storage market,
accounting for 16% of the global market share in terms of shipment
(MWh)[3], and in 2023, Sungrow has achieved remarkable
shipments of energy storage systems, exceeding 10GWh worldwide.
Furthermore, S&P Commodity Insights ranked Sungrow as the top
PV inverter supplier globally in 2022, delivering a commendable
77GWac of PV inverters[4].
As the world increasingly turns to clean energy solutions,
Sungrow's leadership position in the renewable energy sector
positions it well to capitalize on the growing demand. Its
inclusion in the Fortune Asia Future 30 list is not just an honor
but also a strong indicator of the company's bright future and its
potential to shape the energy landscape globally.
[1]
https://fortune.com/asia/ranking/asia-future/
|
[2]
https://mp.weixin.qq.com/s/Q-YRNeG17n4dJLQV9LALZw
|
[3]
https://www.woodmac.com/press-releases/global-energy-storage-integrator-market-grows--increasingly-competitive-in-2022/
|
[4]
https://greenergydaily.com/index.php?id=727
|
About Sungrow
Sungrow Power Supply Co., Ltd. ("Sungrow") is a global leading
PV inverter and ESS supplier with over 500 GW of power electronics
equipment installed worldwide as of December 2023. Founded in 1997
by University Professor Cao Renxian,
Sungrow is a leader in the research and development of solar
inverters with the largest dedicated R&D team in the industry
and a broad product portfolio offering PV inverter solutions and
ESS for utility-scale, commercial & industrial, and residential
applications, as well as internationally recognized floating PV
plant solutions, NEV driving solutions, EV charging solutions and
renewable hydrogen production systems. With a strong 27-year track
record in the PV space, Sungrow products power over 170 countries
worldwide. More information, visit:
www.sungrowpower.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sungrow-powers-its-way-into-the-prestigious-2024-fortune-asia-future-30-302103462.html
SOURCE Sungrow Power Supply Co., Ltd.