WanLian Security: Inverter exports have overall declined month-on-month; focus on leading companies with improved overseas layout and market position

WanLian Securities released a research report indicating that global renewable energy installations are rapidly increasing, and the demand for energy storage is expected to continue to rise. In September 2025, China's inverter export value was 5.067 billion yuan, a month-on-month decrease of 19.37% and a year-on-year increase of 4.60%. Export performance varies by region, with adjustments in the Asian market, a significant decline in European exports, weak demand in North America, and a pullback in the Latin American market, although it remains high growth year-on-year. It is recommended to pay attention to leading companies with a well-established overseas layout and a leading market position