Game inverter! Photovoltaic, energy storage demand surge to help create 10 billion market

The surge in global demand for inverters for photovoltaic and wind power generation has driven the rapid growth of the energy storage inverter market. China's photovoltaic inverter industry is concentrated, and shipments and market share are rising steadily. However, the inverter market still faces many challenges: fierce market competition, technology and price involved in electronic components and raw materials...

Sparq Systems, a Canadian manufacturer of solar microinverters, has announced its entry into the Indian manufacturing sector, with plans to use a third-party contract manufacturing base model to manufacture its microinverters in India.

Inverter, photovoltaic power generation and wind power generation in the core equipment, with the adjustment of the global energy structure, renewable energy and clean energy market flourishing, inverter market rising. Briefly introduced, the main function of the inverter is to convert the direct current generated by renewable energy equipment into alternating current, so as to facilitate the access of the grid. At present, in the field of photovoltaic power generation and wind power generation, the demand for inverters has skyrocketed, and the energy storage industry also has a major demand for inverters.

According to S&PGlobal forecasts, global PV inverter shipments will grow to 381.4GW in 2023, and China's PV inverter shipments will increase to 152.6GW, while the market size will grow by more than 52% in 2022 to more than 13 billion. At the same time, in 2022, China's energy storage inverter market size is nearly 6 billion, and 2023 is expected to exceed 10.4 billion. The pace of growth has raised eyebrows.

As far as China is concerned, the photovoltaic inverter industry has formed a more concentrated pattern, and the market share of domestic inverters is also increasing, and solar power and Huawei occupy the top two places in the global photovoltaic inverter market in 2022. According to the statistics of the International Energy Network, in the first half of 2023, photovoltaic inverter tenders totaled more than 90GW projects, and the development of the domestic photovoltaic inverter industry can be seen.

On the other hand, the growth trend of the energy storage inverter industry is also very optimistic, upstream electronic components, structural parts and auxiliary materials, midstream Chinese inverters, series inverters, distributed inverters, micro inverters, downstream photovoltaic power plants, distributed photovoltaic power generation, the development is very good. Among them, the breakthrough in the self-sufficiency rate of semiconductor devices with IGBT as the main electronic components has become the key. The whole industry ranks on the number of enterprises including Shangneng Electric, Kehua number energy, sunshine power, Shenghong shares, Xu Ji Electric and so on.

In 2023, the inverter market has its own joys and worries, and throughout the year, the performance of the head enterprises, the game results are still relatively optimistic. The new 150K inverter for industrial and commercial PV launched by Huawei Smart PV, the 1+X modular inverter solution provided by Sunshine Power for Brazil, the new high-power series inverter brought by Chint Power, etc., have triggered a huge market response.

Of course, the inverter market faces no fewer challenges. Not to mention the fierce market competition, the technical and price impact of electronic components and raw materials is global. The future development trend of the inverter market, on the one hand, the energy storage market has become a new focus for high probability events, on the other hand, the intelligent and customized development characteristics of inverters are becoming more and more obvious.

This is not difficult to understand, first, light storage integration is the general trend, and second, the energy storage industry is the meeting point of all energy markets, and its market development potential is immeasurable. Then the number of intelligent inverters, which in the Internet of things, big data and other cutting-edge technology development wave, is also a matter of time, as for customization, as the only way to differentiate competition, to meet personalized and special needs as the core, is also bound to fire.

Finally, it is worth noting that even the inverter industry, even if many of the docking is environmental protection industry, but still need to pay attention to their own development of environmental protection and green.

Article source: Digital new energy