According to a research report by Huatai Securities, China's inverter exports surged to RMB 4.78 billion in December, marking a 10.2% increase from the previous month. The export volume also rose, reaching 4.207 million units, up 4.0% month-on-month. Notably, exports to Europe amounted to RMB 1.61 billion, a substantial 31.3% increase from November. Huatai Securities attributed this surge primarily to year-end channel stockpiling and the rising electricity prices driven by energy shortages. Furthermore, robust demand for photovoltaic storage in regions like India and the Middle East contributed to the overall growth.

In the longer term, Huatai Securities highlights power outages, rising electricity prices, and the rapid expansion of wind and solar installations as the key drivers behind the demand for inverters. These factors render the long-term demand for inverters highly predictable. As the costs of photovoltaic storage continue to decline, the market for these systems is poised to witness significant growth opportunities. Consequently, the sustainability of inverter demand appears promising, with the performance of leading enterprises in the sector expected to receive strong support.