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Photovoltaic Inverter Market Development Trends for Global and Chinese Regions


News provided by

RnR Market Research

24 Jan, 2015, 04:30 GMT

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DALLAS, January 24, 2015 /PRNewswire/ --

RnRMarketResearch.com adds latest Photovoltaic Inverter industry reports on for Global and China markets that provide key statistics on the market status of the Photovoltaic Inverter manufacturers and are a valuable source of guidance and direction for companies and individuals interested in the industry.

This is a professional and in-depth study on the current state of the global Photovoltaic Inverter industry with a focus on the Chinese market. The report provides key statistics on the market status of the Photovoltaic Inverter manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2009-2014 market shares for each company. Through the statistical analysis, the report depicts the global and Chinese total market of Photovoltaic Inverter industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2014-2019 market development trends of Photovoltaic Inverter industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Photovoltaic Inverter Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2009-2019 global and Chinese Photovoltaic Inverter industry covering all important parameters.

Comprehensive Table of Contents and more for the report "Global and Chinese Photovoltaic Inverter Industry, 2009-2019 Market Research Report" is available at http://www.rnrmarketresearch.com/global-and-chinese-photovoltaic-inverter-industry-2009-2019-market-research-report-market-report.html . Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=241954 .

The photovoltaic industry develops rapidly in China in recent years. China became the world's largest producer of photovoltaic products in 2007 with the export value of USD 2,838 million. In 2013, the export value of photovoltaic products exceeded USD 10 billion. The export of photovoltaic products from China is hindered by anti-dumping measures taken by developed countries and some emerging markets.

After nearly 10 years of rapid development, Chinese photovoltaic industry entered into a difficult period as overseas photovoltaic market shrank in 2011. Chinese government issued a series of policies to support the photovoltaic industry. In 2011, the National Energy Administration raised the expected production of photovoltaic electric power during the Twelfth Five-Year (2011-2015) for twice. Meanwhile, the Ministry of Industry and Information Technology of China issued documents to support development of BIPV technology. On February 1, 2012, the Ministry of Finance of China published the Circular on the Implementation of "Golden Sun" Demonstration Project to promote large-scale application of photovoltaic power generation and industrial development. The State Council of China issued the Suggestions on Promoting the Healthy Development of Photovoltaic Industry and a series of supportive policies in 2013. Photovoltaic power generation developed rapidly in China in recent years. The output volume of photovoltaic cell modules was 26 GW in China in 2013, accounting for over 60% of the global number. The export volume was 16 GW while the export value was USD 12.7 billion. As domestic market grew rapidly, new installation volume exceeded 12 GW while the total volume exceeded 20 GW. The proportion of sales volume of cell modules in domestic market increased from 15% in 2010 to 43%.

By the end of 2013, the installed capacity of power generation in grid-connected operation reached 19.42 GW, including 16.32 GW in photovoltaic power stations and 3.1 GW of distributed PV. Total annual power generating capacity was 9 billion kWh. New photovoltaic power generation capacity was 12.92 GW, including 12.12 GW in photovoltaic power stations and 0.8 GW of distributed PV. In early 2013, State Grid started to provide qualified photovoltaic power generation projects (run by individuals or organizations) with free grid connection services. Photovoltaic power generation project with the capacity below 6 MW can apply for grid connection in local power grid companies. The companies will complete the installation for free within 45 days and purchase the surplus electric power of photovoltaic power generation projects with the price of 1 CNY/kWh, which is over twice of that of thermal power.

According to available data, 22 regions, mainly in Southwest China, completed the grid connection of over 700 large-scale photovoltaic power generation projects by the end of 2013. Gansu, Qinghai and Xinjiang were the top 3 regions with the installed capacity of 4.32 GW, 3.1 GW and 2.57 GW respectively. The total capacity of the 3 regions accounted for over 60% of the total number in photovoltaic power stations.

In China, distributed PV is mainly concentrated in eastern areas with large consumption of electric power. The grid-connected capacity in East China and North China was 1.45 GW and 0.49 GW, which accounted for 60% of national distributed PV. Zhejiang, Guangdong and Hebei were the top 3 regions with the grid-connected capacity of 160 MW, 110 MW and 70 MW respectively. The total capacity of the 3 regions accounted for over 40% of the total number of distributed PV.

Average cost of photovoltaic power generation exceeded 4 CNY/kWh in China in 2006. The number in some enterprises decreased to 1 CNY/kWh in 2013. Once grid parity of photovoltaic power generation is realized, Chinese photovoltaic industry will transform from government subsidies to market-driven industry and embrace great opportunities for development.

Browse more reports on "Photovoltaics (PV)" market @ 

http://www.rnrmarketresearch.com/reports/energy-power/energy/photovoltaics-pv .

About Us:
RnRMarketResearch.com is a digital library of 500,000+ syndicated market research reports and in-depth studies of 5000+ micro markets. We provide reports by 100+ publishers on a range of categories and industries.

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Ritesh Tiwari

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