Inverters are power electronic devices used to convert direct current (DC) electricity into alternating current (AC). This equipment finds widespread application in various fields, especially in solar power systems, wind power systems, electric vehicles, and industrial machinery

       The basic function of an inverter is to convert direct current (DC) power into alternating current (AC). In solar or wind power systems, the electricity generated by photovoltaic panels or wind turbines is in the form of direct current. However, most household appliances and industrial equipment require alternating current to operate properly. Inverters utilize electronic components such as thyristors and transistors to change the direction and frequency of the electric current, thereby transforming DC electricity into AC.

        The types and sizes of inverters vary widely, ranging from small ones used in household solar systems to large industrial-grade variable-frequency drives. Inverters are designed and scaled differently for various applications. Their operational principles also differ based on their specific uses, but the fundamental principle involves controlling electronic switches to alter the frequency and magnitude of the electric current, thereby generating the required output of alternating current.

       In modern society, inverters play a crucial role in renewable energy, electric vehicles, and power systems, fostering the sustainable utilization of energy and enhancing energy conversion efficiency.

According to customs data, there has been a significant decline in the export of inverters (HS: 85044030) from China from July to September 2023. The total export volume in September 2023 was 3.9094 million units, which is a decrease of 22.9% compared to the same period. The export value amounted to $647 million, marking a 32.97% decline during the same timeframe.

       However, the overall export of Chinese inverters has shown an increasing trend. From January to September 2023, the cumulative export value was $826 million, representing a growth of 38.43%. The total exported units during the same period reached 41.418 million units, indicating a 17.45% increase. The decline observed from July to September might be related to factors such as the high base caused by the surge in European inverter demand in the latter half of 2022 due to the Russia-Ukraine conflict and the energy crisis.

Moreover, the annual export total for 2022 was $8.976 billion, marking a 74.91% increase during the same period. This trend is also influenced by the development of the solar energy, wind energy industries, electric vehicle enterprises, and various other industries.

        As a crucial energy conversion device, inverters have a broad export market globally. China stands as one of the largest producers and exporters of inverters worldwide. The country's market demonstrates a continual rise in demand within the solar and wind energy industries, making it one of the primary destinations for inverter exports. In China, imported inverters primarily encompass high-end technology, specialized, and purpose-specific products, particularly those with advanced technologies and competitive advantages in specific fields. Major sources of these imports include markets such as Japan, Germany, the United States, Malaysia, and Italy.

         On the other hand, the variety of inverters exported from China includes those intended for domestic use, commercial applications, industrial purposes, as well as specialized inverters for solar and wind energy projects.

        According to China's customs data, from 2020 to the present, the cumulative export value of Chinese inverters (HS: 85044030) is primarily concentrated in markets such as the Netherlands, Germany, Brazil, the United States, India, South Africa, Australia, Italy, Poland, and Japan. In the export volume from January to September 2023, it is evident that there have been notable increases compared to the same period in 2022, particularly in markets such as Germany, South Africa, Malaysia, Mozambique, and Vietnam. China's inverter export scale is substantial, holding a significant portion of the global market. This is mainly attributed to the cost-effectiveness and production scale advantages within China's manufacturing industry.

       The inverter industry in China holds a considerable share in the export market, while the domestic market is also rapidly developing. China's activities in the field of inverter export and import are influenced by global energy demands, technological innovation, and renewable energy policies. Simultaneously, the support and encouragement by the Chinese government for the development of renewable energy have propelled inverter trade activities both domestically and internationally.

        Overall, China's inverter industry is expected to sustain continuous growth in both domestic and international markets due to the ongoing global demand for clean energy. Inverters, as a critical component within this sphere, will continue to play a pivotal role. Technological advancements, policy support, and the increasing global demand for clean energy will drive the development of China's inverter industry, maintaining a positive outlook in the field of foreign trade.

        Bei jing Guo mao tong, as China's first data company, can provide customs data on imports and exports from over 80 countries since 2010. It offers precise online analysis of the distribution of import and export markets, detailed transaction information for import-export enterprises, specific volume and price analysis, supply cycles, and more. This data serves as reliable evidence for major foreign trade companies and industry consulting firms.