SMA Solar Technology AG Overview
Company Headquarters: Niestetal, Germany
Founded: 1981
Workforce: ~3,124
Company Working: SMA Solar Technology AG is one of the leading companies specializing in photovoltaic solar technology. The
company operates through three segments, namely, home solutions, business solutions, and large scale & project solutions. It
manufactures and sells transformers, chokes, solar inverters, and monitoring systems for solar power systems. The company also
offers PV inverters, battery inverters, smart module technology, DC technology, system solutions & packages, and monitoring & control
systems. Moreover, the home solutions and business solutions segment contributes to the off-grid solar business of the company.
Furthermore, the company also offers SMA Solar Technology AG energy management solutions and O&M services for solar
photovoltaic power plants.
SMA Solar Technology AG has a presence in 18 countries across the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
SMA Solar Technology Canada, Inc., SMA Solar India Private Limited, SMA America, and SMA new energy technology Co. Ltd are a
few of the subsidiaries of the company.
Strategy
SMA Solar Technology AG plans to grow its market share by diversifying its customer base and expanding its presence in the global market. The company strategizes to increase its installed solar inverter capacity in terms of the number of solar inverters in solar panels in North America. It focuses on providing customers with better solar products and services, ensuring continuous developments and innovations in system technology. Moreover, the company also focuses on extending its PV inverter business by taking over the PV inverter business of Danfoss. Additionally, it plans to introduce new products for solar systems to meet the demand for solar inverters in Europe, North America, and Asia-Pacific.
