Global inverter market pattern will change

It is predicted that the global inverter market structure will usher in dramatic changes.

It is estimated that in 2016, global inverter shipments will reach 60 GW, and the market size will reach 10 billion US dollars. Some analysts said that with the decline of the traditional photovoltaic market and the rise of emerging photovoltaics, the global inverter market structure will also face a huge adjustment. Guruwatt, the Chinese inverter brand that was invested in Sequoia Capital's investment in 2012, has become one of the most favored global inverter suppliers to the industry.

Judging from the current market layout, the top ten inverter inverter manufacturers in the world, such as SMA, Power-One, Fronius, and Kaco, still control most of the market. However, the continuous decline in inverter prices and market changes such as the inability of new markets such as Japan, China, India, and the United States to infiltrate has already caused these traditional giants to suffer a considerable loss. Recently, the leading supplier of photovoltaic inverters SMA released a revenue warning and announced that it has laid off more than 1,000 people worldwide, and the US Satcon has even filed for bankruptcy protection.

IMSResearch predicts that Europe will account for 54% of global shipments in 2012 and this percentage will decline to 40% by 2014. The agency predicts that the world’s top ten manufacturers in 2014 will be very different from today’s situation, and more Chinese and Japanese companies will emerge. From a qualitative point of view, the gap between China's inverters and international brand inverters is gradually narrowing. Some models, such as Gruwatt’s Growatt5000 MTL, have achieved double-A performance in the PHOTON test and have reached the world’s leading level. According to a survey of downstream users of inverters conducted by IMS Research, more and more Western customers are beginning to accept Chinese inverters.

Recently, Vice Premier Li Keqiang of the State Council revealed that the installed capacity of solar power generation will reach 50 GW by 2020. The opening of the Chinese market will also bring tremendous opportunities for the development of China's inverter brands. Industry analysts have been optimistic about the development prospects of China's inverter manufacturers, especially China's inverters export and exports of the first two Guruwatt and Sun Power.

According to reports, Guruwatt New Energy, which was originally invested in Sequoia Capital at the beginning of 2012, continues to hold the top spot for China's inverter exports. With the rapid growth of more than two years since its establishment, Guruwati has been selected as an authoritative financial institution in China. The "2012 China Innovation and Growth 100", "2012 Most Growing Companies" and "2012 China's Top 10 Inverter Brands" were selected. The rapid growth in the two domestic and international markets has made Gureat’s future development potential inestimable. Another solar power source currently firmly occupying the first position in China's domestic market has a huge development prospect due to the outbreak of the Chinese market.