Summary of Inverter Monthly Tracking (February 2026) Industry Overview - The report focuses on the inverter export industry in China, highlighting significant growth driven by policy changes and market dynamics. Key Points - **Overall Export Performance**: In January-February 2026, China's total inverter exports reached $713 million, representing a year-on-year increase of 56% [1] - **Policy Impact**: The cancellation of the VAT rebate policy has catalyzed a strong trend in export activities for Q1 2026 [1] - **Regional Performance**: - **Europe**: Exports totaled $620 million, with a remarkable year-on-year growth of 82%. Notable increases include Italy at 399%, Germany at 179%, Eastern Europe (4 countries) at 88%, and Ukraine at 62% [1] - **Asia**: Exports amounted to $560 million, showing a year-on-year increase of 40%. The Middle East (5 countries) experienced a significant growth of 105%, while Southeast Asia (6 countries) grew by 39%. However, India and Pakistan combined saw a decline of 6% [1] - **Africa**: Exports reached $170 million, with a year-on-year increase of 84%. Nigeria exhibited the highest growth at 184% [1] - **North America**: Exports were $46 million, with a modest year-on-year increase of 3%. The U.S. market, however, saw a decline of 5% [1] - **Oceania**: Exports totaled $130 million, marking a substantial year-on-year growth of 193%, with Australia alone growing by 197% [1] - **Provincial Performance**: Key provinces in China showed varied growth rates: - Zhejiang: +82% - Guangdong: +64% - Jiangsu: +59% - Anhui: -1% [1] Additional Insights - The overall trend indicates a robust recovery and expansion in the inverter export market, with specific regions and countries outperforming others significantly. The data suggests a strong demand for inverters globally, particularly in Europe and Africa, while some regions like South America and the U.S. are facing challenges [1]