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.
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.