Article updated on September Feb 03, 2024
Visite LuxpowerTek, sales maintained 100% growth for 5 consecutive years
On January 15, Chaodian visited LuxpowerTek and was warmly received. Founded in 2017 by a group of solar inverter engineers, LuxpowerTek is committed to providing integrators, installers, and users with the most advanced solar inverter tech
 
 
On January 15, Chaodian visited LuxpowerTek and was warmly received.
 
 
 
Founded in 2017 by a group of solar inverter engineers, LuxpowerTek is committed to providing integrators, installers, and users with the most advanced solar inverter technology in the carbon-neutral era, and its main products include hybrid inverters LXP Hybrid 3-6k, LXP Hybrid 4-6k HB, and LXP Hybrid 12k; AC-coupled inverters LXP ACS 3600 LXP SQPOD 3600; ECO Hybrid SNA 3-5k; DC coupled LSP 100k; Currently, our products are exported to more than 20 countries overseas and have been widely praised.
 
 
 
The company's energy storage solutions cover both residential and commercial sectors, and can be used for new installation or retrofit of solar inverter systems; it has solar inverter distributors in Europe, North America, Latin America, Asia-Pacific, Africa, and the Middle East, with a business scope that includes the United Kingdom, Italy, Australia, Japan, Vietnam, the Philippines, and South Africa.
 
 
 
 
 
So far, LuxpowerTek has installed more than 50,000 Luxpower systems around the world. Currently, the company has maintained a 100% sales growth rate for five consecutive years, and has initiated an IPO preparation program.
 
 
 
Global PV inverter shipments will grow 48% year-on-year in 2023. With the European market inverter de-stocking towards the end, and superimposed on the strong demand for overseas light storage installation in 2024, the inverter industry is expected to maintain high growth in 2024.
 
 
 
 
Relevant organizations predict that the U.S. market in 2024 new PV installed capacity of 45GW, an increase of 40% year-on-year.
 
 
 
LuxpowerTek will vigorously plow the North American market in 2024, shipments are expected to increase rapidly. At the same time, the European market demand for inverters has a greater potential for recovery, the company will usher in a better time for development.
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