光伏出口额季节性增长，逆变器表现亮眼

Core Insights - The recent data on solar photovoltaic (PV) and inverter exports indicates a mixed performance, with a notable decline in PV component exports year-on-year, while inverter exports show growth [2][3]. Summary by Category Export Data - In March 2025, the export value of domestic solar PV components and batteries was $2.463 billion, reflecting a year-on-year decrease of 23.5% but a month-on-month increase of 47.8% [2]. - The export volume of PV components and batteries reached approximately 31.80 GW, marking an 8.7% increase year-on-year [2]. - In March 2025, the export value of inverters was $633 million, representing a year-on-year increase of 5.68% and a month-on-month increase of 39.43% [2][3]. Regional Performance - The Asian market showed strong performance with an export value of 1.65 billion yuan, up 12.28% year-on-year and 38.10% month-on-month [3]. - The European market also demonstrated recovery, with an export value of 1.773 billion yuan, reflecting a year-on-year increase of 6.05% and a month-on-month increase of 63.70% [3]. - The African market saw significant growth, with an export value of 363 million yuan, up 83.03% year-on-year and 9.87% month-on-month [3]. Market Outlook - The ongoing global energy transition and domestic policies are expected to drive demand for inverters, particularly in the Asian and African markets, as household storage and large storage needs are anticipated to rise [2][3]. - The stability and adjustment capabilities of the grid are becoming increasingly important due to the rising share of renewable energy installations [3].