New arrivals to the PV inverter market

The PV inverter market has slowed down from 2011, but several companies could make a positive impact, particularly in markets like China, India, and the United States where growth is still likely.

04/11/2012


Inverter shipments reached an almost unbelievable 26 GW in 2011, according to preliminary results from IMS Research’s, recently acquired by IHS Inc., Quarterly PV Inverter Tracker. This impressive result for inverter shipments in 2011, which was an increase of 10 percent over 2010, came despite the large inventory overhang from the previous year.

However, although the industry saw a healthy increase in shipments, manufacturers were forced to make steep price discounts, particularly in Germany and especially for string inverters. This resulted in zero revenue growth for the industry in U.S. dollars and a slight drop in euros.

2012 is shaping up to be another difficult year for inverter manufacturers (and all PV component suppliers) given the great uncertainty over incentives in most major European markets. Germany, Italy, France, and the UK which all drove substantial growth in 2011, are all set to fall in 2012. This means that inverter suppliers will need to diversify outside of their traditional markets in order to support their business.

Whilst 2012 is unlikely to see either revenue or shipment growth for the PV inverter industry overall, there still remain some hot spots within the market that could benefit some suppliers. There are still many countries that will see installation growth (although unlikely to be enough to counteract the major markets’ falls), such as China, USA, Japan, India, South Africa and Eastern Europe. All of these offer significant opportunities for inverter suppliers, though trying to address these new markets will be no simple task.  

Table 1: Table showing Global PV inverter shipments, installations, and inventory for 2011. Courtesy: IMS Research

There were many new entrants to the PV inverter market in 2010 and early 2011, while the market was really booming. However as the market has slowed, so have the number of new entrants. The below list of 10 newcomers to the market are a selection of companies that either could have a significant impact on the market (in terms of sales volume) or bring a new approach or technology to the industry. Some of these companies are likely to capture market share relatively quickly, whilst others may simply bring about a new approach to DC-AC conversion that other suppliers follow.

Profile photo of Ash Sharma, senior research director for photovolatics at IMS Research. Courtesy: IMS ResearchThe following shows IMS Research’s list of the top 10 newcomers to the PV inverter market. Some have been chosen as they’ve made an entry into the market via strategic acquisition, many are fast growing Chinese suppliers, and some are newcomers just entering the field:

  1. LDK Sunways
  2. Bosch
  3. Sungrow
  4. Solarbridge
  5. Samil Power
  6. Alencon Systems
  7. ArrayPower
  8. Eltek Valere
  9. Zeversolar
  10. Involar


No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2013 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
The true cost of lubrication: Three keys to consider when evaluating oils; Plant Engineering Lubrication Guide; 11 ways to protect bearing assets; Is lubrication part of your KPIs?
Contract maintenance: 5 ways to keep things humming while keeping an eye on costs; Pneumatic systems; Energy monitoring; The sixth 'S' is safety
Transport your data: Supply chain information critical to operational excellence; High-voltage faults; Portable cooling; Safety automation isn't automatic
Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.

Maintaining low data center PUE; Using eco mode in UPS systems; Commissioning electrical and power systems; Exploring dc power distribution alternatives
Synchronizing industrial Ethernet networks; Selecting protocol conversion gateways; Integrating HMIs with PLCs and PACs
Why manufacturers need to see energy in a different light: Current approaches to energy management yield quick savings, but leave plant managers searching for ways of improving on those early gains.

Annual Salary Survey

Participate in the 2013 Salary Survey

In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.

Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.

2012 Salary Survey Analysis

2012 Salary Survey Results

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.