An inverter is a power electronic device that converts direct current (DC) electrical energy into alternating current (AC) electrical energy. They are used in a wide range of applications, especially in solar power systems, wind power systems, electric vehicles and industrial equipment.
The basic function of an inverter is to convert DC power to AC power. In a solar or wind power system, the electricity produced by photovoltaic panels or wind turbines is direct-current. However, most household appliances and industrial equipment require alternating current to function properly. Inverters convert direct current into alternating current by using electronic components, such as thyristors and transistors, to change the direction and frequency of current.
Inverters come in different designs and sizes, ranging from small solar systems for domestic applications to large industrial drives. The principle of operation also varies depending on the application, but the basic principle is that it is controlled by an electronic switch, which changes the frequency and amplitude of the current to generate the desired output of alternating current.
In modern society, inverters play an important role in renewable energy, electric vehicles and power systems, promoting the sustainable use of energy and the improvement of energy conversion efficiency.
According to customs data, China's exports of inverters (HS:85044030) have declined significantly from July to September 2023, with a total export volume of 390 in September 2023940,000, down 229%, and the export value is 6$4.7 billion, down 3.2 billion over the same period97%。However, China's overall inverter exports are still on the rise, with a cumulative export value of 8$2.6 billion, an increase of 3843%, with a total export volume of 414180,000, an increase of 1745%。The downward trend from July to September is related to the surge in European inverter demand in the second half of 22 due to the Russia-Ukraine conflict and energy crisis in 22, and the base is too high. It can also be seen from the data that the total export value in 2022 will be 89$7.6 billion, an increase of 7491%。Secondly, it will also be affected by the development of solar energy, wind energy industry, electric enterprises and other industries.
As a key energy conversion equipment, inverters have a wide range of export markets around the world. China is one of the world's largest producers and exporters of inverters. The demand for solar and wind energy in China continues to grow, making it one of the main export destinations for inverters. The inverters imported by China mainly cover high-end technology, specialized and special-purpose products, especially some advanced technology and inverter products with competitive advantages in specific fields. Mainly from Japan, Germany, the United States, Malaysia, Italy and other markets. China exports a wide range of inverters, covering household inverters, commercial inverters, industrial inverters, and professional inverters for solar and wind energy projects.
According to China's customs data, since 2020, in terms of cumulative export value, China's inverter (HS: 85044030) exports are mainly concentrated in the Netherlands, Germany, Brazil, the United States, India, South Africa, Australia, Italy, Poland, Japan and other markets. In the export volume from January to September 2023, it can be seen that Germany, South Africa, Malaysia, Mozambique and Vietnam have increased faster than the same period in 2022. China's inverter exports are huge, accounting for a large part of the global market, mainly benefiting from the cost-effectiveness and scale advantages of China's manufacturing industry.
China's inverter industry has a sizable share of the export market, while the domestic market is also growing rapidly. China's exports and advances in the inverter sector are influenced by global energy demand, technological innovation, and renewable energy policies. At the same time, China's support and encouragement of the development of renewable energy has also boosted inverter activities at home and abroad.
Overall, China's inverter industry is expected to continue to grow in both domestic and foreign markets, as the global demand for clean energy continues to grow, and inverters will continue to play an important role as a key component in it. Technological improvements, policy support, and growing demand in the global market will promote the development of China's inverter industry and maintain good prospects in the field of foreign trade.
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