Sungrow (300274.SZ), Costa (002518.SZ), GoodWe (688390.SH), Shangneng Electric (300827.SZ), Jinlang Technology (300763.SZ), TBEA (600089. SH), Kehua Data (002335.SZ), Chint Electric (601877.SH), etc.
According to statistics from the National Energy Administration, since 2013, the cumulative installed capacity of photovoltaic power generation in my country has grown rapidly. In 2013, the cumulative installed capacity of photovoltaic power generation nationwide was only 19.42GW. By 2021, the cumulative installed capacity will exceed 300GW, ranking first in the world for seven consecutive years.
The scale of national photovoltaic inverter production has increased year by year
With the rapid development of the photovoltaic power generation industry at home and abroad, China's photovoltaic inverter output has increased from 16.3GW in 2014 to more than 100GW in 2020, with an average annual compound growth rate of more than 35%. In 2021, the new installed capacity of photovoltaic power generation nationwide will increase by 10% year-on-year, and domestic enterprises have also increased the production layout of photovoltaic inverters, which will further increase the output of photovoltaic inverters.
The market share of string photovoltaic inverters is growing rapidly
In terms of product types, photovoltaic inverters can be mainly divided into centralized inverters, string inverters, distributed inverters and micro inverters. According to the China Photovoltaic Industry Association, the current domestic photovoltaic inverter market is still dominated by centralized inverters and string inverters, and other micro and distributed inverters account for a small proportion.
With the rapid growth of the distributed photovoltaic market and the increase in the proportion of string inverters in centralized photovoltaic power plants, the overall market share of string inverters has grown rapidly, exceeding 60% in 2020. In the future, with the wide application of string inverters in large-scale ground power stations, its market share is expected to further increase.
The national string photovoltaic inverter market scale exceeds 10 billion yuan
In recent years, most of the new entrants in the domestic photovoltaic inverter industry focus on string-type photovoltaic inverter products, while traditional centralized inverter manufacturers have also successively launched various string-type products. Enterprise competition in the string photovoltaic inverter market is becoming increasingly fierce. Among them, enterprises represented by Huawei and Sungrow mainly focus on string inverter products, and they also occupy a dominant position in the entire photovoltaic inverter industry.
According to the formula of "the market size of string photovoltaic inverter industry = total output of photovoltaic inverter * proportion of string type * average price of string type", it is preliminarily calculated that the national string photovoltaic inverter market size in 2021 more than 11 billion yuan.
The above data comes from the "China Photovoltaic Inverter Industry Market Foresight and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute also provides industrial big data, industrial research, industrial chain consulting, industrial map, industrial planning, industrial parks Planning, industrial investment attraction, IPO fundraising feasibility study, IPO business and technology writing, IPO working paper consultation and other solutions.
