【SMM New Energy News】Sungrow: Global Storage Market Expansion Leads to Downward Trend in Gross Margin

Published: Apr 28, 2026 17:38

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At an investor meeting on April 27, Sungrow stated that the global energy storage market is expanding from key regions like the US and Western Europe to a broader global footprint. As volume increases in price-sensitive markets such as Eastern Europe (Poland, Hungary, Romania), the Middle East, and Asia-Pacific, overall gross margins are facing downward pressure compared to higher-margin mature markets. This geographic shift in sales mix is driving a structural decline in the industry's average profitability despite growing demand.

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