China's five major solar inverter manufacturers in the first half of 2019 account for 36.44% of global inverter exports

According to the latest trade data, the first half of 2019 (H1), China's five major solar inverter manufacturers account for 36.44% of the export of global inverters. Huawei, Sunshine Power, Jinlang Technology, Guude and Gu WeiwaT have become China's five major inverter companies in the first half of 2019. The export volume of China's photovoltaic inverter in the first half of 2019 increased the third consecutive year. According to the import and export customs data, China's inverter export value is $ 1.3 billion, and the top 20 photovoltaic inverters accounted for nearly 50% of exports. "Despite the turmoil in the solar inverter market since 2018, Jin Wa can continue to increase sales, market share and export volume of series inverter products," Jinlang Technology said, "We will pass the United States, Europe , Australia, India and Mexico strategic offices to support our inverter export expansion. " According to MERCOM's India's 2019 Solar Market, Jinlang is also one of the main series inverter suppliers in India. Other Chinese suppliers, such as Huawei and Sunshine Energy, are also a leading inverter supplier in India. China's half of the inverters exported to these five countries, namely the Netherlands (16%), USA (15%), Vietnam (10%), India (6%) and Germany (5%). At present, the US market has changed, but the Netherlands, Germany and the South Korea market remain unchanged. On the other hand, the Vietnamese market has fallen. The international photovoltaic inverter giants such as Siemens and Schneider and the ABB Group have slowly withdrawing in the inverter business, and continues to expand and consolidate their global activities in China. Mercom reported that in 2018, ABB accounted for 24% of the market share in India's inverter market, followed by 16% of sun energy, and Huawei accounted for 12%. Read more

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