The issue is that the energy is available but underutilized

Keywords

Competition  Microinverters  Policy  Innovation Utilization rate  High conversion rate   Intelligent technology

1. Introduction

The global PV industry is facing a dilemma of overcapacity and declining utilization. In recent years, with the strong support of the photovoltaic industry and the continuous progress of technology, photovoltaic production capacity has expanded rapidly. However, the growth rate of market demand has failed to keep up with the pace of capacity expansion, leading to the problem of overcapacity. Overcapacity has led to an oversupply of photovoltaic products, also increased price competition and a sharp decline in industry utilization.

But in this context, we find the demand for microinverters is growing. According to a report by Mordor Intelligence, “the market size of microinverters is expected to be $3.15 billion in 2024 and is expected to reach $7.74 billion by 2029, with a compound annual growth rate of 19.70%. At the same time, it is expected that the global demand for microinverters will reach 12.44GW by 2025, which has showing a strong market growth momentum. ”

2. The main reasons for the growth of demand for microinverters are as follows

A. It's an ultra-efficient conversion rate.

Microinverters can track the maximum power peak of each PV module individually, and then integrate into the AC grid through inverter, compared with traditional inverters, it can improve the overall efficiency of the system in the case of shading or component performance differences.

B. Its wide range of application scenarios.

Microinverters are mainly suitable for distributed household use and small distributed industrial and commercial rooftop power stations. With the increase in the proportion of distributed photovoltaics, its demand is also explosive. For example, Microinverters of TSUN, APSystem， and Hoymiles are widely used in residential, industrial, and commercial rooftop photovoltaics worldwide.

In addition, the state's vigorous promotion of photovoltaic inverters has also made microinverters benefit from policy dividends. With the continuous progress of technology and cost reduction, the microinverter market is expected to develop healthily.

3. The unique advantages of microinverters

A.Ultra-efficient conversion rate

Microinverters stand out in the PV market with their ultra-efficient conversion rates. According to relevant data, SOFAR ranked first with a peak conversion efficiency of 97.50%, TSUN ranked second with 97.20%, SAJ, APSystem, and Senergytec tied for third with 97.00% efficiency, and the inverter conversion efficiency of the rest of the enterprise is also above 96.5%. Compared with the efficiency of ordinary inverters, which is usually between 90% and 95%, microinverters use advanced power conversion technology, such as full-bridge inverters with higher switching frequency, which can reduce losses while improving conversion efficiency.

B.Wide application scenarios

Microinverters have demonstrated tremendous application potential in residential as well as industrial and commercial rooftop photovoltaics. TSUN microinverters are widely utilized in more than 130 countries and regions. They cover various scenarios such as home roofs, balconies, opposite roofs, corridors, and small commercial roofs. The characteristics of microinverters are small size, light weight, ease of installation, high flexibility, and adaptability. They can adapt to different installation environments and solar panel configurations. Microinverters have broad development prospects in more fields like industry and commerce.

4. TSUN's Microinverters Lead the Industry

A. First in Power and Second in Efficiency

TSUN's microinverters have always occupied an important position in the global market with their excellent performance. In terms of power, TSUN continuously challenges the limit. The TITAN Plus 6KW launched this year meets the power needs in different scenarios. In terms of efficiency, TSUN microinverters always maintain the excellent result of being first in global power and second in efficiency. This achievement is due to its advanced technology and strict quality control. The high-efficiency energy conversion not only brings more power output for users but also reduces energy loss and makes an important contribution to promoting the development of green energy.

B. Technological Innovation and Product Advantages

TSUN continuously conducts technological innovation in the field of microinverters. The application of soft-switching technology effectively reduces switching losses and improves the efficiency and reliability of the system. The active parallel connection technology of power modules enables microinverters to flexibly adapt to different power requirements and provide more personalized solutions for users. In addition, TSUN's microinverters perform outstandingly in terms of safety. Different from the high-voltage direct current input method of traditional string inverters, TSUN's microinverters directly convert direct current into low-voltage alternating current near the photovoltaic panel, greatly reducing the risk of electric shock and fire. Even after the system is shut down, a low-voltage state can be quickly formed to ensure that the entire system is in a safe state. At the same time, the intelligent monitoring system can monitor the operating status of each component of the photovoltaic system in real-time. Once an abnormality or fault is found, corresponding protection measures will be taken immediately and alarm information will be sent to users through mobile phone APPs and other methods. In terms of reliability, TSUN always adheres to the concept of "making installation easier" and adopts a DC line connector solution with a higher waterproof level that is more stable and reliable. Even if the connector fails, it can be directly cut off and replaced with a new connector, making after-sales service more worry-free. In terms of high efficiency, TSUN's microinverters adopt advanced power conversion technology and can perform individual maximum power point tracking for each photovoltaic module to improve the overall efficiency of the system.

5. The Future of Microinverters

A. Growing market demand

As the global emphasis on renewable energy keeps rising, the scale of the distributed photovoltaic market continues to expand. Particularly in the household and small industrial and commercial sectors, the demand for microinverters will see continuous growth. On one hand, people's concern for energy security and environmental protection is on the increase. Consequently, more and more families and enterprises are opting to install distributed photovoltaic systems. On the other hand, with the promotion and application of photovoltaic building integration (BIPV), the market demand for microinverters will be further unleashed. According to statistics, the penetration rate of microinverters in the global photovoltaic market is less than 5%, indicating there is still vast room for growth in the future.

B.Technological Innovation Drives Development

Technological innovation serves as the core driving force for the development of the microinverter market. In the days to come, microinverters will continue to be upgraded to enhance conversion efficiency, cut costs, boost reliability, and increase intelligence. For instance, the utilization of new semiconductor materials such as silicon carbide (SiC) and gallium nitride (GaN) can improve inverter efficiency and reduce energy loss, especially under high-temperature conditions. Simultaneously, intelligence and networking will also become an important direction of microinverter technology innovation. By integrating microinverters with technologies like the Internet and the Internet of Things, remote monitoring and intelligent management of photovoltaic power generation systems can be achieved, thereby improving the operating efficiency and maintenance level of the system. Increased Policy Support

C.Increased policy support

Governments around the world have attached great significance to the development of renewable energy and introduced a series of policy support measures. These policies not only offer strong backing for the development of the photovoltaic power generation industry but also create favorable conditions for the expansion of the microinverter market. For example, some countries encourage enterprises and individuals to invest in the installation of photovoltaic power generation systems by implementing feed-in tariff subsidies, tax incentives, and other policy measures. This will directly drive the growth of market demand for microinverters. At the same time, some governments have also increased investment in renewable energy technology research and development and innovation and promoted technological progress and industrial upgrading of key components such as micro-inverters.

What we trust

Although the microinverter market is confronted with fierce competition, it holds great development potential under the combined effect of market demand, technological innovation, and policy support. In the future, TSUN microinverters will play an increasingly crucial role in the global photovoltaic market and contribute more to promoting green energy development.