作为电子设备的“内部桥梁”，变流器市场规模持续增长

Investment Rating - The report indicates a positive investment outlook for the inverter market, highlighting significant growth potential in various segments [1]. Core Insights - The inverter market is experiencing continuous growth, driven by advancements in technology, increasing market demand, and supportive government policies [5][6]. - The global energy storage inverter market reached a size of 21.84 billion yuan in 2023, marking a year-on-year increase of 105.75%, with a CAGR of 56.92% from 2017 to 2023 [2]. - The Chinese energy storage inverter market grew to 6.399 billion yuan in 2023, with a remarkable year-on-year growth rate of 167.52% and a CAGR of 96.55% from 2017 to 2023 [2]. - The wind power inverter market in China has stabilized, with a market size of approximately 4.393 billion yuan in 2022 [3]. - The traction inverter market in China's urban rail transit sector was about 8.117 billion yuan in 2022, driven by ongoing urbanization and government priorities [3]. - The inverter shipment volume in China reached 50 GW in 2020, increased to 63 GW in 2021, and is expected to reach 86 GW in 2023 [4]. Market Size Overview - The global energy storage inverter market size in 2023 was 21.84 billion yuan, with a year-on-year growth of 105.75% [2]. - The Chinese energy storage inverter market size in 2023 was 6.399 billion yuan, with a year-on-year growth of 167.52% [2]. - The wind power inverter market size in China was approximately 4.393 billion yuan in 2022 [3]. - The traction inverter market size in China was about 8.117 billion yuan in 2022 [3]. Industry Development Drivers - Government policies supporting renewable energy, such as subsidies for electric vehicles and photovoltaic poverty alleviation policies, are driving the growth of the inverter industry [5]. - The rapid economic development in China is increasing demand across power, electronics, and communication sectors, further promoting the inverter industry [5]. - Technological advancements are enhancing the performance and application range of inverters [5]. Development Trends - The trend towards higher frequency inverters is making them more compact and responsive, with improved power control [6]. - Modular design is being adopted to provide flexible, scalable, and maintainable solutions [6]. - New power devices like silicon carbide (SiC) and gallium nitride (GaN) are being explored for their superior switching speeds and lower power consumption [6]. - Smart control and management technologies are being integrated for adaptive control and fault diagnosis [6]. - Multi-energy interconnection is being pursued to integrate renewable energy sources for complementary and collaborative management [6].