S&P Global Energy has recognized Growatt as a Tier 1 PV inverter supplier for 2026 [1].
This designation signals the company's stability and bankability in the global solar market. As the transition to renewable energy accelerates, Tier 1 status helps developers and investors identify reliable hardware providers for large-scale infrastructure projects.
Growatt, which is headquartered in Shenzhen, China, is a provider of distributed solar and energy storage solutions (ESS) [2]. The company's recognition was announced in Berlin in October 2026 [3]. According to S&P Global's market tracker, the company earned this position due to its role as a global leader in distributed solar and energy storage [4].
"Growatt, a world-leading provider of distributed solar and energy storage solutions (ESS), proudly announces its recognition as a Tier 1 PV inverter supplier," a Growatt spokesperson said [2].
The rankings are based on the 2026 PV Inverter Market Tracker produced by S&P Global Commodity Insights [5]. This tracker serves as a leading authority in global solar market intelligence. The data reflects the company's operational scale and market reach, factors critical for maintaining the Tier 1 designation.
Growatt previously achieved a global No. 1 position in 2024 [6]. This trajectory indicates a steady climb in market share and technical adoption across different regions. The company continues to focus on the integration of energy storage with photovoltaic systems to improve grid stability.
S&P Global Commodity Insights said, "The rankings are based on the newly released 2026 PV Inverter Market Tracker by S&P Global Commodity Insights, a leading authority in global solar market intelligence" [5].
“Growatt recognized as a Tier 1 PV inverter supplier for 2026”
The Tier 1 designation from S&P Global is a critical industry benchmark that reduces perceived risk for financiers. By securing this status for 2026, Growatt strengthens its ability to compete for high-value international contracts, particularly in markets where bankability and long-term supplier viability are prerequisites for project funding.
