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This statistic highlight Enphase Energy’s Revenue Breakdown from Q1 2018 onwards, spit between the United States and International markets.
As of FY 2020 year-end, Enphase has revolutionized and delivered 32 million microinverters in the residential markets of North America, Europe, and Australia. Microinverters convert Direct Current (DC) from solar panels to Alternative Current (AC) for use. Similarly, around 1.4 million residential and commercial systems have been deployed in more than 130 countries.
Geographic Location | 2020 Q1 | 2021 Q1 | YoY Growth % | Revenue Share in Q1 2021 |
International | $25.945 | $53.972 | 108.02% | 17.89% |
United States | $179.6 | $247.782 | 37.96% | 82.11% |
Total | $205.545 | $301.754 | 46.81% | 100% |
(All figures in millions, except percentages)
Enphase Energy has the highest market capitalization in the industry with more than $19 billion. Enphase Energy’s three-year revenue growth recorded 42.4% while the industry average is just 2.7%. Enphase’s revenue comes from 2 regions, namely the United States and International. Additionally, in 2020, Enphase introduced the Enphase Community which helps the installers and homeowners to solve the problems quickly. In the same year, the service organization achieved an average wait time of fewer than 3 minutes. Above all, Enphase Energy has a seasonal demand in the second, third, and fourth quarters which is affected by seasonal customer demand, weather, and construction cycles.
International
United States
Company Overview
Enphase Energy, Inc. was founded in 2006 by Raghu Belur and Martin Fornage. It is headquartered in Fremont, California, and is listed on Nasdaq Global Market traded under the symbol of ENPH. Enphase is a global energy technology company. Enphase designs and manufactures easy-to-use solutions that manage solar generation, home energy storage, and web-based monitoring and control on one single platform. On the other hand, they have revolutionized the solar industry with microinverter technology and produced a fully integrated solar-plus-storage solution.
For instance, SolarEdge Technologies, Inc., Fronius International GmbH, SMA Solar Technology AG, AP Systems, Generac, Tesla, Inc., Huawei Technologies Co. Ltd., Delta, Ginglong, Sungrow Solax are their competitors in inverts. On the other hand, Tesla, Lg Chem, Panasonic, Goal Zero are some of the storage market competitors. As of 31st December 2020, Enphase Energy had 850 full-time employees of which more than 650 employees were from India and the United State itself.
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