The Photovoltaic Inverter Industry Has Great Development Potential And The Market Concentration Is Gradually Increasing

The Photovoltaic Inverter Industry has Great Development Potential and the Market Concentration is Gradually Increasing

The photovoltaic inverter is known as the "heart" of the solar photovoltaic power generation system. In the solar power generation system, it is responsible for connecting the photovoltaic panels and the power grid, and converting the DC current in the solar power generation panel into alternating current. As an important component of photovoltaic power generation systems, photovoltaic inverters are mainly divided into four categories: micro photovoltaic inverters, centralized photovoltaic inverters, string photovoltaic inverters and distributed photovoltaic inverters. The quality of photovoltaic inverters not only indirectly affects the efficiency of solar power generation, but also directly affects the service life of the entire photovoltaic inverter system. Therefore, photovoltaic inverters are related to the benefits of photovoltaic power generation projects.

The photovoltaic inverter market has a strong momentum of development. In 2020, the global photovoltaic inverter shipments will reach 133GW, and there are large gaps in the United States, India, and European markets. In the future, the global photovoltaic market demand will gradually increase.

The concentration of the domestic photovoltaic inverter market continues to increase. Since 2016, foreign manufacturers have gradually withdrawn from the photovoltaic inverter related business, and domestic enterprises have gradually increased their market share in the domestic photovoltaic inverter market. Representatives of domestic leading enterprises include Sungrow, Shanghai In 2020, Neng Electric, Chint Electric and Kestar will have a market share of about 35.0% in Sungrow, while Shangneng has a market share of about 7.7%, and the other two will account for 2.5% and 1.8% respectively. With the continuous development and integration of domestic enterprises, the market concentration of photovoltaic inverters will gradually increase.

In the future, with the acceleration of photovoltaic power generation technology updates and iterations, the Aluminum Clamp Hook for Roof Photovoltaic Support market may further expand. Since the life cycle of photovoltaic inverter products is about 10-15 years, assuming that the life cycle of photovoltaic inverters is 10 years, in 2011- The photovoltaic inverters produced in 2016 will need to be updated in 2021-2026. It is expected that the overall scale of the domestic photovoltaic inverter industry will maintain a continuous growth trend from 2022 to 2026, and will reach 20 billion yuan in 2026. The market demand for equipment has increased, and the overall market size has experienced a new round of growth.