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　　Chaos in the inverter market: Is technological innovation the cure?

　　The harshest winter in the inverter market has passed, and prices have begun to recover. Behind the joy, equipment companies have to think about how to promote the development of the inverter market in the future. For inverter manufacturers, technological innovation is undoubtedly the fundamental way to maintain market competitiveness.

　　Although the cold winter of the photovoltaic industry has passed, the domestic market is still in a relatively difficult period. As the country accelerates the demand for photovoltaic construction, the cost and price of power station construction are controlled relatively low. In this case, corporate profit margins are limited. It is impossible for many companies to invest a lot of manpower and material resources in research and development, resulting in backward technology and uncompetitive products. It will be more difficult for photovoltaic manufacturing companies to develop in the future. This is a vicious circle. The current photovoltaic inverter market is experiencing serious product homogeneity competition, and one of the important reasons is that companies lack innovation capabilities.

　　The rise of the domestic photovoltaic market is an irreversible fact and a necessary stage. Under such a situation, how to break the vicious cycle and win in this game will be a difficult problem that many photovoltaic inverter companies must face.

　　In fact, some domestic inverter companies have begun to realize this problem and continue to increase product innovation through financing, developing downstream power stations, and introducing high-tech talents. In the future, as domestic solar installed capacity increases, the inverter market will face more intense competition, which will place extremely high demands on manufacturers' technology research and development levels and product production capabilities. Therefore, small and medium-sized inverter manufacturers that lack independent research and development technology and mainly purchase original components and assemble them according to drawings will face a test of survival and find it difficult to achieve sustainable development. Mainstream manufacturers that focus on technology accumulation and innovation and have deep technology research and development capabilities will gain greater development space by virtue of their comprehensive advantages in all aspects.

　　So, how to improve innovation capabilities. Some experts believe that enterprises must make up their minds to put technological innovation in an important position. No matter how difficult it is, we still have to find money for research and development. Only in this way can enterprises gain a firm foothold in the competition. We must adhere to the close integration of industry, academia and research. The government level should also encourage and support research and development. On the one hand, it should formulate policies, improve the environment, and cultivate the market, and on the other hand, strengthen support for enterprises. In particular, the innovation team that cooperates with industry, academia and research institutes actively verifies innovative products through practice.

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