华泰证券：欧洲工商储及澳大利亚户储起量，继续看好逆变器需求

Core Viewpoint - The export value of inverters from China is projected to reach 6.51 billion yuan in July 2025, with a slight quarter-on-quarter decrease, while the export quantity is expected to be 4.6 million units, reflecting a quarter-on-quarter decline of 10.3% [1] Group 1 - Demand remains high during the peak season, with significant increases in demand from European industrial storage and Australian household storage [1] - Long-term demand drivers include power outages, rising electricity prices, and high growth in wind and solar installations across various regions [1] - The parity of solar storage is expected to further unlock the demand ceiling [1]