Increase in sales of inverter is one of the good indicators of the industry performance - from residential installations up to utility-scale PV projects.
According to a report by GTM Research, by 2016, PV inverter prices will by pushed down from a global blended average of $0.22 per watt in 2012 to just $0.14 per watt in 2016. This is a compound annual reduction of 10%.
What is PV inverter
Solar inverter, or PV inverter, converts the variable direct current (DC) output of a photovoltaic (PV) solar panel into a utility frequency alternating current (AC) that can be fed into the electrical grid.
Slower growth in Europe but fast in Asia and the US
GTM Research says that global PV demand is expanding to markets in China, India, Southeast Asia, South America and regions of Africa.
This expansion of global demand will lead to increased competition and slower growth for EU-based inverter incumbents who do not diversify from their domestic base. At the same time, this expansion is providing new supply opportunities to US- and Asia-based inverter manufacturers and to global energy conglomerates.
Top 10 competitively positioned PV Inverter companies, according to the report:-
1. SMA
2. Power-One
3. Schneider Electric
4. SunGrow
5. Advanced Energy (REFUsol)
6. ABB
7. TMEIC
8. KACO New Energy
9. Chint Power
10. Fronius
According to a report by GTM Research, by 2016, PV inverter prices will by pushed down from a global blended average of $0.22 per watt in 2012 to just $0.14 per watt in 2016. This is a compound annual reduction of 10%.
Global PV inverter shipments by Inverter Size, 2011-2016E (GTMResearch)
What is PV inverter
Solar inverter, or PV inverter, converts the variable direct current (DC) output of a photovoltaic (PV) solar panel into a utility frequency alternating current (AC) that can be fed into the electrical grid.
Slower growth in Europe but fast in Asia and the US
GTM Research says that global PV demand is expanding to markets in China, India, Southeast Asia, South America and regions of Africa.
This expansion of global demand will lead to increased competition and slower growth for EU-based inverter incumbents who do not diversify from their domestic base. At the same time, this expansion is providing new supply opportunities to US- and Asia-based inverter manufacturers and to global energy conglomerates.
Top 10 competitively positioned PV Inverter companies, according to the report:-
1. SMA
2. Power-One
3. Schneider Electric
4. SunGrow
5. Advanced Energy (REFUsol)
6. ABB
7. TMEIC
8. KACO New Energy
9. Chint Power
10. Fronius
"While SMA continues to dominate the rankings, near-term growth will be challenging as it competes with new low-cost or well-capitalized suppliers. Even so, unseating SMA and achieving success globally will not be easy despite a fragmented landscape."
- MJ Shiao, Senior Analyst at GTM Research
TheGreenMechanics: Thumbs up! Competition can only lead to one thing - efficiency.
2 comments:
excellent blog about Inverter Manufacturing.keep on posting
Inverter Manufacturer
Thanks for reading. Hope you found something useful.
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