Renewable Energy Power
inverter
Huawei, Sunshine and Jinlang continue to lead the top three! China Inverter Export Data in the First Half of 2019

In the first half of 2019, the export of solar inverters in China accelerated again, and China's solar "going to sea" has become a general trend. According to import and export customs data, China's inverter exports in the first half of the year were about 1.35 billion US dollars, and the top 20 enterprises accounted for nearly 50% of the total export value of solar inverters.


From the enterprise point of view, Huawei, Sunshine Power and Jinlang Science and Technology, which entered the A-share market this year, continue to lead the upsurge of inverter export in the first half of 2019, and stabilize the top three positions in the inverter export of solar enterprises. The top five enterprises account for 36.44% of the total export amount, and the export concentration of the head enterprises is further enhanced.

With the traditional solar market tending to be stable or even declining, the competition of inverters in the traditional market is intensified. At the same time, due to the fluctuation of domestic market policy, the pace of Chinese inverters'going to sea is accelerating, and more and more Chinese enterprises with cost advantages are participating in the competition of overseas markets.


In terms of countries, the top five countries account for 50% of their exports. Among them, the Netherlands, Germany and South Korea ranked steadily in the ascendant, and the Dutch market surpassed the unstable US market, topping the list. Vietnam market after the first half of 630 rush to install, the proportion of its export amount has a downward trend. At the same time, the distribution of enterprises in export countries has been further decentralized, and the future overseas emerging markets and the recovering European markets have become the main points for enterprises to compete.


With the continuous evolution of solar technology and changes in market development, the global inverter market presents a new development pattern.


Looking back over the past ten years, European and American enterprises have occupied almost all the top 10 positions in the global solar Inverters by virtue of their advantages in the electrical field, and now they are gradually withdrawing from the field of inverters.


At present, the old solar inverters giants Siemens and Schneider have already disappeared in the Chinese market. ABB Group, which once occupied the largest market share in India, also sold the solar inverters business in early July this year, and will officially withdraw from the field of solar inverters in the first quarter of 2020. On the contrary, China's enterprises, Huawei, A-share listed companies, Sunshine Power, Jinlang Science and Technology, the world's top 500 companies, have taken advantage of the trend to further consolidate and expand overseas distribution. It can be predicted that ABB will bring more opportunities for Chinese solar inverters enterprises to "go to sea".



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