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The first half of 2019 saw China’s PV inverter export volume grow for a third year in a row.  Increasing China inverter exports, and greater sales and acceptance outside of China have become the general trends.  Import/Export Customs data from the first half of 2019 shows China inverter exports valued at 1.3 Billion US Dollars, with the Top 20 PV inverter companies accounting for nearly 50% and the Top 5 companies accounting for 36.44% of total export value.

Ranking

Company name

Amount

1

Huawei

18.67%

2

Sungrow

8.70%

3

Solis

3.34%

Ginlong(Solis) Technologies (recently listed A-Share) lead the market today and it is expected they will continue to lead the PV inverter export boom going into 2020.  Changing market conditions are testing all companies and these new challenges have put strains on some enterprises. Ginlong(Solis) Technologies have met these challenges and have increased sales, market share and export volumes, consolidating the top three positions in the PV inverter market. 

In a declining local PV market, competition between domestic inverter companies will intensify.  Add in some minor fluctuations in domestic PV market policies, and some Chinese companies, with products that can demonstrate globally competitive features and excellent pricing, are increasingly exploring and actively exporting to markets overseas.   

Looking at China Import/Export Data, the export values of the top five exporting countries accounted for 50% of the total.  The Dutch and US Markets changed positions while the Netherlands, German and South Korean markets remained firmly in place.  The Vietnamese market has seen a reduction. The distribution of exporting countries has further decentralized.  In the near future, emerging markets overseas and a revived European market will become competitive targets for leading Chinese companies. 

 

Markets are growing with Chinese goods and the China PV inverter export volumes must continue to increase, meeting the new market demand.

 

With the continuing evolution of photovoltaic technologies and the development of new global markets, the global PV inverter industry is seeing a new development pattern.

 

Looking back over the past decades, European and American companies have always occupied the top ten seats in Global PV Inverter manufacturing by virtue of their advantages in the electrical and electronic fields. Today, European and American companies are gradually withdrawing from the inverter manufacturing market.

 

Today, the old PV inverter giants, Siemens and Schneider, have already disappeared from the Chinese market. ABB Group, which once had the largest market share in India, also sold its PV inverter business in early July 2019.

 

In stark contrast, Chinese enterprises, Ginlong(Solis) Technologies, have taken advantage of the trend and are further consolidating and expanding their businesses overseas.  ABB’s exit from the market will bring more opportunities for China’s PV inverter companies to expand into markets overseas and increase Chinese PV inverter export value. 

 

 

Azure Power, a leading solar power producer in India, announced it has received a letter of award for a 300 MW solar power ISTS project through a 1.2 GW auction conducted by Solar Energy Corporation of India, a Government of India enterprise and a company with an AA+ domestic debt rating by ICRA, a Moody's Company.

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Tata Power, India’s largest integrated power company, announced that Tata Power Renewable Energy Limited, the Company’s wholly owned subsidiary, has received a Letter of Award from Gujarat Urja Vikas Nigam Limited on 25th July 2019 to develop a 250 MW solar project in Dholera Solar Park of Gujarat.

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