Recently, the solar power industry continues to be optimistic about the market. We believe that the cost of solar power in the next 3-5 years will reach grid parity, which will bring the demand for solar power explosive growth, the PV inverter market will therefore grow substantially.

    PV inverter power electronics by way of the direct current into alternating current module device that is connected photovoltaic power generation and grid an important link.

    We believe that PV inverter PV industry is huge and the last one has not been fully tapped bonanza. According to our estimates, the PV inverter charger current market size of 430 billion yuan, is expected to 2015, even considering selling prices, the PV inverter market size will exceed 1,000 billion yuan, more than the PV components in capable of billions of super-sub-sub-sectors, competition is expected to become the winner of ten billion of large companies.

    It is understood that the current global PV inverter market is dominated by SMA and other manufacturers monopolies. The first to enter the market to dominate 40% of the market, SMA is the undisputed leader, and the top four vendors market share of over 60%. At present domestic enterprises in the PV inverter market share issmall, accounting for about 5%.

In fact, from the industry point of view attributes, it is more suitable for PV inverters growing industry in China, mainly as follows: First, China is already the world's largest battery production base in the market have inherent advantages. Second, Chinese enterprises have a cost advantage. According to our calculations, domestic inverter cost is expected to reach 40% of imports. In addition, Chinese enterprises have the technology base. PV inverters in essence is the power electronics, and domestic enterprises in the field of power electronics production experience and technology all have a strong competitive edge.