PV power generation has been burgeoning with policy incentive and robust demand from downstream sectors over the recent years. In 2017, the global newly installed PV capacity reached 102GW (including 52.8GW from China with a 51.8% share), soaring by 37% from a year earlier, and the cumulative installed PV capacity surged by 33.7% year-on-year to 404.6GW (including 130.3GW from China with a 32.2% share).
With a rapid rise in demand from downstream sectors, the global shipments of PV inverters was estimated to be 105GW in 2017, an upsurge of 55.6% on an annual basis; and the world market size of PV inverters reported USD10.1 billion. Particularly, the shipments of PV inverters in China were estimated to be 53.5GW and market size about RMB7.4 billion.
The world-renowned PV inverter suppliers are Huawei, Sungrow, SMA, ABB, SolarEage, etc. It is in recent two years that the players Huawei and Sungrow from China outperformed SMA by shipments and rose to the No.1 and No.2 places respectively, but still ranked behind SMA in terms of revenue and ranked No.2 and No.3 separately. As far as shipment is concerned, the Chinese competitors Sineng Electric and TBEA are also among the world’s top 10 suppliers of PV inverter by shipments.
Chinese PV inverter market characterizes high concentration, with Huawei and Sungrow taking the lion’s share, and impressively in 2016 holding a combined share of nearly 70%, followed by Sineng Electric (No.3), TBEA (No.4) and Shenzhen KSTAR (No.5) as concerns shipments.
After high-speed growth in 2017, the global newly installed PV capacity is expected to stabilize at 85GW or so over the next couple of years, which will cause fluctuations of PV inverter shipments in certain range. As estimated, the global shipments of PV inverters will be approximately 90GW and China’s 45.5GW in 2021.
Global and China Photovoltaic Inverter Industry Report, 2017-2021 covers the following:
- Global PV inverter industry (status quo, market size, supply & demand and market pattern);
- China PV inverter industry (market environment, status quo, market size, supply & demand, competitive landscape, development factors);
- Upstream (IGBT, IC, transformer, etc.) and downstream (PV & PV power station) of PV inverter;
- 12 Global and 20 Chinese PV inverter suppliers (operation, revenue structure, PV inverter business, etc.)
1. Overview of Photovoltaic Inverter
1.2.1 Grid-tied and Off-grid
1.2.2 By Application
1.3 Technological Development
1.3.2 Technique Features
1.3.3 Development Trend
1.4 Industry Chain
1.5 Cost Structure
1.6 Business Model
1.7 Industry Barrier
2. Global Photovoltaic Inverter Market
2.1 Status Quo
2.1.1 Market Size
2.1.2 Market Structure
2.2 Supply & Demand
2.3 Market Pattern
2.3.1 Manufacturer Pattern
2.3.2 Regional Distribution
2.3.3 Development Characteristics
3. Chinese Photovoltaic Inverter Market
3.1 Marketing Environment
3.1.1 International Environment
3.1.2 Domestic Environment
3.2 Market Status
3.2.1 Market Size
3.2.2 Supply and Demand
3.2.3 Market Price
3.2.4 Market Structure
3.3 Competition Pattern
3.3.1 Local Chinese Enterprises
3.3.2 Foreign Companies
3.4 Influencing Factors
3.4.1 Favorable Factors
3.4.2 Negative Factors
4 Main Upstream Industries
4.1.1 Application in PV Inverter
4.1.2 Market Size
4.1.3 Competition Pattern
4.2.1 Integrated Circuit
5 Downstream Industries
5.2 PV Power Plant
5.2.2 Construction Costs
5.2.3 Industry Planning
5.2.4 Main Enterprises
6. Key Foreign Companies
6.1.3 PV Inverter Business
6.1.4 Business in China
6.2.3 PV Inverter Business
6.2.4 Business in China
6.3.3 PV Inverter Business
6.4.2 PV Inverter Business
6.4.3 Business in China
6.5.3 PV Inverter Business
6.6.3 Business in China
6.8.3 Business in China
7 Key Chinese Enterprises
7.1 Sungrow Power Supply Co., Ltd.
7.1.3 PV Inverter Business
7.2.3 PV Inverter Business
7.3 Tebian Electric Apparatus Stock Co., Ltd. (TBEA)
7.3.3 PV Inverter Business
7.4 Shenzhen KSTAR Science and Technology Co., Ltd.
7.4.3 PV Inverter Business
7.5 Xiamen Kehua Hengsheng Co., Ltd.
7.5.3 PV Inverter Business
7.6 Guangdong East Power Co., Ltd.
7.6.3 PV Inverter Business
7.7 Ningbo Ginlong Technologies Co., Ltd.
7.7.3 PV Inverter Business
7.8 GoodWe (Jiangsu) Power Supply Technology Co., Ltd.
7.8.3 PV Inverter Business
7.9 Shenzhen Clou Electronics Co., Ltd.
7.9.3 PV Inverter Business
7.10 Rongxin Power Electronic Co., Ltd.
7.10.3 PV Inverter Business
7.11 Shenzhen Hopewind Electric Co., Ltd.
7.11.3 PV Inverter Business
7.12 Sineng Electric Co., Ltd.
7.12.3 PV Inverter Business
7.13 Hangzhou Sunny Energy Science & Technology Co., Ltd.
7.13.3 PV Inverter Business
7.14 Guangzhou Sanjing Electric Co., Ltd.
7.14.3 PV Inverter Business
7.15.1 Shanghai Chint Power Systems
7.15.2 Growatt New Energy Technology Co., Ltd
7.15.3 Samil Power Co., Ltd.
7.15.4 Guanya Power Equipment Co., Ltd
7.15.5 Anhui EHE New Energy Tech. Co., Ltd
7.15.6 Beijing Corona Science & Technology Co., Ltd.
8 Summary and Forecast
- Anhui EHE New Energy Tech. Co., Ltd
- Beijing Corona Science & Technology Co., Ltd.
- GoodWe (Jiangsu) Power Supply Technology Co., Ltd.
- Growatt New Energy Technology Co., Ltd
- Guangdong East Power Co., Ltd.
- Guangzhou Sanjing Electric Co., Ltd.
- Guanya Power Equipment Co., Ltd
- Hangzhou Sunny Energy Science & Technology Co., Ltd.
- Ningbo Ginlong Technologies Co., Ltd.
- Rongxin Power Electronic Co., Ltd.
- Samil Power Co., Ltd.
- Shanghai Chint Power Systems
- Shenzhen Clou Electronics Co., Ltd.
- Shenzhen Hopewind Electric Co., Ltd.
- Shenzhen KSTAR Science and Technology Co., Ltd.
- Sineng Electric Co., Ltd.
- Sungrow Power Supply Co., Ltd.
- Tebian Electric Apparatus Stock Co., Ltd. (TBEA)
- Xiamen Kehua Hengsheng Co., Ltd.