--- title: "ASM vs Hoymiles - Brand Comparison | ComparePV" description: "Compare ASM vs Hoymiles solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background." source: "https://comparepv.com/asm-vs-hoymiles" --- # ASM vs Hoymiles ASM has the broader catalog (1 vs 0 models). ## The two companies | Attribute | ASM | Hoymiles | | --- | --- | --- | | Country | Australia | China | | Headquarters | Hallam, Victoria | Shanghai | | Founded | 2009 | 2012 | | Employees | 1-10 | 1,640 | | Annual capacity | | | | Tier 1 | no | yes | | Listed | | Shanghai Stock Exchange: 688032:SHH | | Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [https://www.hoymiles.com/](https://www.hoymiles.com/) | Australian Solar Manufacturing (ASM) is a small Australian solar panel assembler that produces crystalline monocrystalline modules domestically using components sourced from Germany, Japan, the USA, and China. The company focuses on providing locally assembled PV modules tailored to Australian conditions, supporting... Hoymiles Power Electronics Inc. specializes in module-level power electronics (MLPE) solutions, including microinverters, energy storage, and monitoring systems. They focus on research and development, manufacturing, and sales of photovoltaic inverter power conversion equipment. Their mission is to make smart energy... ## Catalog & Power | Measure | ASM | Hoymiles | Margin | | --- | --- | --- | --- | | Panel Models | 1 | 0 | +1 | | Max Power | 170 W | 0 W | +170 W | | Avg Power | 170 W | 0 W | +170 W | ## Efficiency | Measure | ASM | Hoymiles | Margin | | --- | --- | --- | --- | | Max Efficiency | 16.00% | - | | | Avg Efficiency | 16.00% | - | | ## Reliability & Warranty | Measure | ASM | Hoymiles | Margin | | --- | --- | --- | --- | | Avg Temp Coefficient | -0.438%/°C | - | | | Bifacial Share | 0 (0%) | 0 (0%) | | | Avg Warranty | - | - | | ## Efficiency distribution | Efficiency band | ASM | Hoymiles | | --- | --- | --- | | \<20% | 1 (100.0%) | 0 | ## Power distribution | Power band | ASM | Hoymiles | | --- | --- | --- | | \<400W | 1 (100.0%) | 0 | ## Cell technology | Technology | ASM | Hoymiles | | --- | --- | --- | | Unknown | 1 (100.0%) | 0 | ## Top panels, ASM | # | Model | Power | Efficiency | Temp. coefficient | Technology | | --- | --- | --- | --- | --- | --- | | 1 | [ASM170M](https://comparepv.com/panel/australian-solar-manufacturing-asm170m) | 170 | 16.0 | -0.438 | Monocrystalline | ## Summary ASM (Australian Solar Manufacturing Pty Ltd) is a small panel-assembly operation founded in 2009 and based in Hallam, Victoria, Australia, with a headcount of fewer than ten people. It sources photovoltaic components from overseas - Germany, Japan, the United States, and China - and assembles finished modules domestically. The company does not carry Tier 1 bankability status and is not listed on any stock exchange. Hoymiles Power Electronics, by contrast, was founded in 2012 in Hangzhou, China, employs roughly 1,640 people, and debuted on the Shanghai Stock Exchange STAR Market in December 2021, raising approximately US$875 million at what was then China's highest-ever IPO price for a manufacturer. Hoymiles holds Tier 1 bankability recognition and commands around 22% of global microinverter shipments, ranking first in markets outside the United States. In institutional footprint, scale, and financial credibility, Hoymiles is in an entirely different category. An important distinction shapes any product-level comparison: Hoymiles is not primarily a solar panel manufacturer. Its core portfolio consists of module-level power electronics - microinverters, data transfer units, rapid-shutdown devices, and residential battery storage - rather than photovoltaic modules themselves. ASM, meanwhile, does produce assembled panels but operates at very small volume with no publicly available portfolio data on peak power output, efficiency ratings, or bifacial share; the aggregated stats for both companies carry zero values in every panel metric. ASM's assembled modules carry a 10-year workmanship guarantee and a 25-year power output warranty, which is conventional for the industry. Given the absence of concrete wattage or efficiency figures for either entity, no meaningful head-to-head panel specification comparison is possible. For a buyer in 2025 seeking solar panels, neither company is a natural default choice in the traditional sense. ASM serves a narrow, locally assembled niche suited to Australian buyers who place strong value on domestic assembly and direct support, but its micro-scale and lack of bankability rating make it a harder sell for large commercial or financed projects. Hoymiles is the obvious choice if the application requires module-level power electronics rather than panels - its microinverters are well regarded internationally and backed by a publicly listed, financially transparent company. A buyer who genuinely needs photovoltaic modules would be better served by a dedicated panel manufacturer with verifiable output and efficiency data. \---LINKS--- \- https://www.pv-tech.org/hoymiles-raises-us875m-through-star-market-listing/ \| Hoymiles raises US$875m through STAR Market listing \| article \- https://www.energysage.com/blog/qa-with-hoymiles/ \| Q&A with Hoymiles - EnergySage \| article \- https://www.enfsolar.com/asm \| Australian Solar Manufacturing Pty Ltd profile - ENF Solar \| article \- https://www.pv-magazine.com/2022/01/14/micro-inverter-for-high-power-solar-panels-from-hoymiles/ \| Micro-inverter for high-power solar panels from Hoymiles - PV Magazine \| article Sources: \- \[Hoymiles raises US$875m through STAR Market listing\](https://www.pv-tech.org/hoymiles-raises-us875m-through-star-market-listing/) \- \[Q&A with Hoymiles - EnergySage\](https://www.energysage.com/blog/qa-with-hoymiles/) \- \[Australian Solar Manufacturing Pty Ltd - ENF Solar\](https://www.enfsolar.com/asm) \- \[Micro-inverter for high-power solar panels from Hoymiles - PV Magazine\](https://www.pv-magazine.com/2022/01/14/micro-inverter-for-high-power-solar-panels-from-hoymiles/) Written by claude-sonnet from the figures above. ## Other comparisons - [ASM vs A.B. Energy](https://comparepv.com/asm-vs-a-b-energy) - [AE Solar vs Hoymiles](https://comparepv.com/ae-solar-vs-hoymiles) - [ASM vs AEET](https://comparepv.com/asm-vs-aeet) - [AIKO vs Hoymiles](https://comparepv.com/aiko-vs-hoymiles) - [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome) - [ARTsolar vs Hoymiles](https://comparepv.com/artsolar-vs-hoymiles) --- Source: https://comparepv.com/asm-vs-hoymiles Not in this file, on the page: the distributions above drawn as charts.