Inverter $ 19 billion global market, the rise of Chinese brands in sight

Pike Research said the latest report , renewable energy inverter market in 2011, reportedly valued at $ 7.2 billion , is expected to double within the next five years , reaching $ 19 billion , which is one of largest and fastest growing in the field of solar energy .

From the current point of view , the global PV inverter market is still being SMA, Fronius, Satcon, Power-One and other giants of the control, but SolarBridg and from China Growatt ( Guruiwate ), Sungrow ( Sunshine Power ) also began through its own impact on the rapid development of the layout of the entire industry .

According to an authoritative industry sources, photovoltaic inverter industry, with most electronics industries, competition in the market will experience a technology-driven , cost- oriented phases. From a technology standpoint by SMA lead the first group were from the Chinese enterprise 's Guruiwate (Growatt) and other brands more and more challenges , and even individual models inverter conversion efficiency has been exceeded. With China PV inverter market continues to rise and improvement , along with the injection of capital , I believe China inverter enterprises in the near future, China will become as powerful as component companies .

Pike Research report also predicted that " China ( inverter market ) will grow particularly evident in the recently introduced five-year plan emphasizes the photovoltaic industry , China 's planning agency NDRC will be installed by 2015 from 15GW target raised to 21GW." faced with such a large market , the above-mentioned Growatt ( Guruiwate ), Sungrow ( Sunshine Power ) inverters two Chinese companies will obtain a more rapid development, is expected to become the first in the ice out of the global market China inverter brands.

It is understood Growatt, Sungrow two companies represent the development of China PV Inverter both directions . Growatt off grid inverter exports as China 's leading enterprises, on the world stage is more well-known, especially its early 2012 to obtain from the international capital giants - Sequoia Capital venture capital , its international and domestic markets have started the explosive growth ;

And Sungrow to develop domestic large power station project-based , is the success of the inverter brand representative. Its domestic market in China in 2011 , China has become the largest domestic market share of inverter brand.

As the world's electronics industry most developed countries, the Chinese enterprises in the PV inverter product cost control also has great advantages. So, faced with nearly $ 19 billion in a huge market space, China inverter development potential of ice has become increasingly intense.