After more than ten years of rapid development and market precipitation, the global photovoltaic refinement and intensive forms have become more and more obvious, and higher technical levels and lower power generation costs have become the focus of the industry.

　　According to GTM Research's data analysis of global inverters, in 2018 and the first half of 2019, despite the continuous expansion of the global photovoltaic inverter market, due to the continuous decline in inverter prices, manufacturers’ shipments have increased, However, income has not increased significantly.

　　In 2020, due to the impact of the epidemic, the global newly installed capacity will show a downward trend, which prompts companies to rely on their own technical characteristics, not only to focus on the cost reduction and efficiency improvement of the product itself, but also to further accelerate the intelligent upgrade of the product for intelligent operation and maintenance. Save more costs and help parity online in many ways. Commercial three-phase string inverter power has entered the 100kW+ era, which will bring lower investment costs and faster return on investment for utility power stations and large-scale industrial and commercial power stations.

　　By 2024, the market for energy storage and single-phase string inverters will be the fastest growing market, but commercial three-phase string inverters will still occupy the main share. The success of utility three-phase string inverters is closely related to the Chinese market. Due to the contraction of the Chinese market, the market value of this space dropped by approximately 35% from 2017 to 2018. From a global perspective, the utility-scale three-phase string inverter market will pick up in other regions, but the Asia-Pacific region will remain the strongest market. The global average commercial three-phase string inverter price declines faster than the price of residential string inverters.

　　2020 will gradually enter the era of grid parity. According to GTM's forecast, inverter prices will be regionally flat from 2020 to 2024, and the cost of electricity per kilowatt hour will become a core competitive element for new energy companies. Adhere to customer-centric, committed to safe, reliable, and intelligent products and solutions, create value for customers, and continue to reduce LCOE is the direction that all inverter manufacturers in the photovoltaic industry need to work hard on.

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect replacement for lead-acid batteries, and they are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.

　　Solar power generation system with lithium battery energy storage system is a very promising clean energy.