It Is Expected That The Demand For Photovoltaic Inverters Will Increase Significantly In The Next Five Years, And Terminal Blocks Will Usher In Business Opportunities
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The life of photovoltaic inverters is generally about 10-15 years. Some institutions estimate that the global photovoltaic inverter replacement scale in 2020 is about 7 GW, and it is expected to grow rapidly to about 37 GW by 2025. At the same time, with the continuous increase in the annual new photovoltaic installation scale in the world, the photovoltaic inverter industry will usher in a new round of development opportunities, and the terminals will also be affected.
Since the early installation of global photovoltaic development was concentrated in Europe, the current demand for traditional inverter replacement is also mainly in the European market. As the early installation projects have entered a new round of inverter replacement period, the global inverter replacement demand will enter a stage of rapid growth, and the inverter replacement demand in Asia, such as China and Japan, as well as the American market will accelerate.
As the domestic photovoltaic supply chain enters an expansion cycle, some domestic inverter companies have made early preparations for the inverter replacement market, including leading inverter companies such as Sungrow Power Supply, Sineng Electric, Ginlong Technology, and GoodWe, all of which are preparing to expand their inverter production lines. In recent years, domestic companies have continued to increase their efforts to explore the overseas photovoltaic inverter market. Against the backdrop of continued increases in photovoltaic inverter replacement and new demand, a new round of opportunities will be brought to domestic companies, promoting further increases in domestic companies' global market share. Overall, the technical level of domestic photovoltaic inverters is rapidly improving, and coupled with the lower cost advantage, the share of domestic companies in the global photovoltaic inverter market will continue to grow steadily in the future.
