Photovoltaic inverters are electronic devices that can convert direct current generated by solar cell modules into frequency-adjustable alternating current, which can be fed back to commercial power transmission systems or used in off-grid power grids. Photovoltaic inverters are one of the balance of systems (BOS) of photovoltaic inverters in photovoltaic array systems and can be used with general AC-powered equipment. In 2024, the market shipment scale of China's photovoltaic inverter industry will reach 152.6 GW, with a five-year compound growth rate of approximately 28.71%. According to preliminary estimates, the market shipment scale of China's photovoltaic inverter industry will reach 190GW in 2025.
In terms of product type, photovoltaic inverters can be mainly divided into centralized inverters, string inverters, distributed inverters and micro inverters. At present, the 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 stations, the overall market share of string inverters has increased year by year, and the market share of string inverters will be 80% in 2024.
As a key device for solar power generation, photovoltaic inverters are responsible for converting solar energy into usable electrical energy. The photovoltaic inverter design of Multifit integrates the latest air-cooling and anti-environmental interference technologies to ensure stable operation even under harsh climatic conditions. Compared with traditional inverters, its higher conversion efficiency and response speed enable users to not only maximize the value of solar energy, but also expand the application of renewable energy to a wider range of scenarios.
The current price of photovoltaic modules is at the bottom and may stabilize in the future. Overall, the competitive advantage and low-cost advantage of China's photovoltaic industry are still there. At present, it is in the process of bottoming out, and the possibility of continued decline is not high. The upward space and trend in the future have been formed. In the next two years, with the emergence of new technologies and the elimination of backward production capacity, the future development prospects of the photovoltaic industry are still promising.
For us, Multifit, we need to seize this opportunity and take advantage of the continuous expansion of the photovoltaic market to introduce our photovoltaic equipment and photovoltaic cleaning equipment to our potential customers, so that they can familiarize themselves with the performance and quality of our products, and ultimately place successful orders. And actively participate in domestic and international exhibitions, for example, at this year's 136th Canton Fair, we sent a luxurious lineup to participate in the exhibition. At this Canton Fair, we fully demonstrate our latest products to these potential customers and seize these opportunities that allow our end customers to experience our products for the first time.
Post time: Dec-30-2024