The global inverter replacement demand will reach 45GW in 2025. Unlike the 25-30 year service life of photovoltaic modules, the service life of photovoltaic inverters is generally about 10 years, which means that the inverter products need to be replaced at least once during the operation cycle of photovoltaic power plants.
In the new energy industry, inverters are mainly used in photovoltaic and energy storage fields. The energy storage inverter plays a role in the AC DC mutual conversion of electric energy during the charging and discharging process of the storage battery. Specifically, when the battery is charged, the role of the energy storage inverter is to convert AC to DC for storage; When the battery is discharged, the role of the energy storage inverter is to convert DC power into AC power for users.
The energy storage inverter can connect the energy storage system with the independent power grid and the power transmission and distribution system, and can be used together with the photovoltaic power generation system to achieve independent power supply and grid connection of redundant power. Due to the intermittent solar energy supply, distributed photovoltaic power generation cannot be stable. Energy storage inverter can store the power obtained during the day in the battery for use at night. It is an important solution to solve the stability of distributed photovoltaic power generation supply.
The energy storage inverter converts AC power into DC power to charge and store the storage battery, and then converts the DC power stored in the storage battery into AC power for household use when the mains power is cut off.
In remote areas without power grid support and isolated island power grid areas, the combination of energy storage system and inverter can provide flexibility for the system when photovoltaic power generation is interrupted to ensure the normal operation of uninterruptible power supply (UPS).
According to the Report on In depth Market Research and Investment Strategy Suggestions for the Energy Storage Inverter Industry from 2022 to 2026 released by the New World Industry Research Center, it is estimated that the annual compound growth rate of the global inverter market size will be 17.8% from 2021 to 2026, showing a rapid upward trend. Among them, the energy storage inverter will become a new driving force for the inverter market growth. In 2021, the global demand for energy storage inverters will be 5.89GW, and it is expected to reach 7.12GW by the end of 2022.
Following the demand of the global market, Multifit has launched a new energy storage inverter, which is mainly suitable for the split phase energy storage inverter in the North American market. With the deepening of low-carbon concept and the improvement of economic benefits of zero carbon families and energy storage, developed regions have gradually realized the commercial application of PV+ESS. Multifit energy household hybrid inverter solution can quickly respond to EMS dispatching instructions, form an intelligent and friendly power supply system with roof photovoltaic, and make power use more efficient. The Multifit energy household hybrid inverter can seamlessly switch with the mains power to make the power consumption more stable.
Post time: Dec-09-2022