SolarEdge & Enphase are WINNING the Solar Game!

SolarEdge & Enphase are WINNING the Solar Game!

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The U.S. residential solar market just had its best quarter ever, installing over 712 megawatts of solar power. The growth is diversifying across the U.S. markets, especially the inverter market.
Most of the solar inverter suppliers are benefitting from this residential solar boom. Two inverter suppliers are leading the market. The latest Wood Mackenzie U.S. PV Leaderboard report, SolarEdge inverters were used on 60.5% of U.S. residential solar panel installations, through the first three quarters of 2019. Making it more than triple SolarEdge’s Closest competitor, Enphase, with its 19.2% market share.

This is a huge change from 2013 when SolarEdge had only 4.5 percent market shares and was ranked fifth behind the then leader ABB, Enphase, SMA and Fronius.

One of the reasons that SolarEdge and Enphase are dominating the market is because of the new strategies that they are adopting. SolarEdge is unique because they are pairing residential single-phase inverters with DC Optimizers, and Enphase manufacturers microinverters.
Another change the companies have made that has helped them succeed, is both of the companies have launched home energy solution platforms. SolarEdge has also made a third acquisition, an uninterruptible power supply company – a business that is not directly related to the inverter space but is still a growing market.

SolarEdge has also built out a virtual power plant software offering compatible with all companies inverter technologies, not just their own, and they also launched StorEdge.
Enphase has also made a few strategic partnerships to build out its AC module business, including partnerships with SunPower, LG, Panasonic, and Solaria. They plan on continuing developing its home energy storage solution.
Both Enphase and SolarEdge have captured the majority of the U.S. residential market due to their innovative and forward-looking moves that have put them in a position to meet the growing demand for holistic energy services.
Do you think Enphase and SolarEdge’s success will continue in 2020? Head over to HahaSmart.com and let us know!

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Original source: https://www.solrenen.com/2020/11/21/solaredge-enphase-are-winning-the-solar-game/