After experiencing tremendous growth last year, the global PV inverter market will continue to grow steadily this year. A report released by Taiyou Research, a market research organization, shows that the growth rate of the Chinese market is very fast, and the cumulative installed capacity of photovoltaics will soon reach 1 GW. India and other countries in the Asia Pacific region have made clear plans for the development of renewable energy in order to achieve renewable energy goals for 2020, and these regions have the potential for long-term growth.

The global PV market depends to a large extent on government incentives and market stimulus programs. For example, the US Recovery and Reinvestment Act (ARRA) creates sustainable employment opportunities for the PV industry. Countries such as the United States, Germany, China, South Korea and France have proposed various incentive measures to encourage domestic companies to continuously increase their investment in sustainable energy. These stimulus programs have served to attract investment and increase employment opportunities. In most countries in the world, climate change and environmental issues will continue to be the primary factors in determining energy policies. The global financial crisis has provided an opportunity for governments to change the current energy structure.

At present, the photovoltaic inverter market is still in the seller's market, so the price pressure is not as high as the photovoltaic cells and photovoltaic modules. However, technological advances have also brought down the price of photovoltaic inverters. Considerable progress has been made in the simplification of production processes to reduce costs by increasing production efficiency and reducing power electronic components. PV module prices and fluctuations in supply and demand gaps are the main pressures for price fluctuations, so the pressure on photovoltaic inverters is expected to be moderate during the foreseeable period, and competition will also drive prices down.

In countries that need to establish solar photovoltaic power plants, the government offsets a certain proportion of investment costs through financial support and capital subsidy programs. For example, Spain, Germany, Italy, India, and the United States have introduced various subsidies and incentive plans to compensate for high initial capital requirements. Investment in the development of solar energy.

The fiscal stimulus provided by the government, such as the on-grid tariff, will still be a key factor driving the development of the PV inverter market. The on-grid price is the main incentive for European countries to increase the amount of grid-connected PV installations. These grid-connected PV installations also stimulate the demand for photovoltaic grid-connected inverters. For example, the on-grid tariffs in Germany, the United States, and Italy drove the PV inverter market. The rapid warming of the photovoltaic market in the Czech Republic, Canada, France and the United Kingdom has to a large extent benefited from the strong implementation of the on-grid tariffs in these countries.