From the perspective of product prices, with the steady growth of demand in the traditional photovoltaic market, the competition among inverter enterprises in the traditional
market is intensifying. At the same time, overseas emerging markets are experiencing rapid development, and Chinese inverter manufacturers are accelerating their pace of going
overseas. More and more Chinese enterprises with cost advantages are participating in the competition in emerging markets, and the global competition for photovoltaic inverters
is becoming increasingly fierce. With the gradual upgrading of inverter products and the continuous progress of technology, the manufacturing cost of inverters will be diluted, and
the cost will gradually show a downward trend.

From the perspective of market competition pattern, in recent years, domestic inverter enterprises have made efforts to expand overseas channels and accelerate overseas layout.
Due to the product quality being basically comparable to overseas enterprises, and the lower labor and manufacturing costs compared to overseas enterprises, domestic inverter
enterprises have a more obvious competitive advantage.

From the perspective of competitive trends, the development prospects of distributed markets such as industry and commerce, household use, and microgrids are broad, especially
the optical storage market, which will become a new growth point. At present, household series inverters, micro inverters, and energy storage inverters are gradually being introduced
into domestic IGBTs. With the increase in domestic IGBT production capacity, the shortage of supply for household inverters has been alleviated and a fully competitive situation has emerged.