China's PV inverters hit the world's brands

IMS Research expects that in 2016, global shipments of inverters will reach 60GW and the market size will reach US$10 billion. 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.

From the current market layout, the world’s top ten PV inverter manufacturers, such as SMA, Power-One, Fronius, Kaco and other giants 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.

IMS Research predicts that Europe will account for 54% of global shipments in 2012 and this figure 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.

Guruwatt New Energy, which was originally invested in Sequoia Capital at the beginning of 2012, continues to hold the top position of China's inverter exports. With the rapid growth of more than two years since its founding, Guruwati has been selected by the leading domestic financial institutions. 2012 China's top 100 innovation and growth, "2012 most growth companies", "2012 China's top ten inverter brands" and so on. 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.