Recently, the solar power industry continued to be optimistic about the market . We believe that the cost of solar power in the next 3-5 years will reach grid parity , which will bring to the explosive growth of solar power demand, the PV inverter market will therefore grow substantially.

   PV inverter power electronics by way of the direct current into alternating current module equipment , is an important link connecting photovoltaic and grid.

   We believe that PV inverter PV industry is huge and the last one has not been fully tapped bonanza . According to our estimates, the PV inverter current market size of 430 billion yuan , is expected by 2015, even taking into account the price drop , the PV inverter market size will exceed 100 billion yuan, is no more than the photovoltaic components can over billions of sub-sectors , competition is expected to become the winner Chaobaiyi large companies.

   It is understood that the current global PV inverter market is mainly dominated by SMA and other manufacturers . SMA first to enter the market, dominating 40% of the market, is the undisputed leader, and the top four manufacturers account for more than 60% market share . Domestic enterprises in the PV inverter market share is small, accounting for about 5%.

   In fact, from the industry point of view the properties , it is more suitable for PV off grid inverter growing industry in China , mainly as follows: First, China is already the world's largest battery production base in the market have inherent advantages. Second, Chinese enterprises have a cost advantage . According to our estimates, the domestic inverter cost is expected to reach 40% of imports. In addition, Chinese companies have the technology base. In essence PV inverter power electronics products , while domestic production experience and technology in the field of power electronics are equipped with a strong competitive edge.