In a recent statement, the Chinese group said its Hannover-based wholesaler partner Wattkraft Solar will distribute Fusion Solar Smart PV string inverters, a product line it last updated around five months ago.
The product can, Huawei claims, support a smart PV management functionality able to carry out full-load remote scans for a 100MW PV plant within 15 minutes. The 5GW of inverters the deal will see supplied over 2020 and 2021 add to the 1.6GWac of inverters wholesaler Wattkraft is said to have distributed last year.
The 5GW of inverters the deal will see supplied over 2020 and 2021 add to the 1.6GWac of inverters wholesaler Wattkraft is said to have distributed last year. Ulf Hermenau, Huawei's DACH Channel Sales director, said the firm is looking forward to “further strengthening its partnerships” in the residential and C&I segments.
In a report out this week, IHS Markit researchers predicted inverter replacements will grow by 20% to become an 8.7GW market this year, with Europe singled out as having the greatest need. The past few days have seen the emergence of another contender to European inverter giant.
The global residential solar storage and inverter market is experiencing rapid expansion, with demand increasing by over 300% in the past three years. Home energy storage solutions now account for approximately 35% of all new residential solar installations worldwide. North America leads with 38% market share, driven by homeowner energy independence goals and federal tax credits that reduce total system costs by 26-30%. Europe follows with 32% market share, where standardized home storage designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated systems with 10-30kWh capacity at costs below $700/kWh for complete residential energy solutions.
Technological advancements are dramatically improving home solar storage and inverter performance while reducing costs. Next-generation battery management systems maintain optimal performance with 40% less energy loss, extending battery lifespan to 15+ years. Standardized plug-and-play designs have reduced installation costs from $1,200/kW to $650/kW since 2022. Smart integration features now allow home systems to operate as virtual power plants, increasing homeowner savings by 35% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 25% for solar storage installations. New modular designs enable capacity expansion through simple battery additions at just $600/kWh for incremental storage. These innovations have improved ROI significantly, with residential projects typically achieving payback in 5-8 years depending on local electricity rates and incentive programs. Recent pricing trends show standard home systems (5-10kWh) starting at $8,000 and premium systems (15-20kWh) from $12,000, with financing options available for homeowners.