The Global PV Inverter and MLPE Landscape: H1 2017

by Scott Moskowitz

Prices, Forecasts, Market Shares and Vendor Profiles

Global PV inverter shipments reached a record 80 gigawatts in 2016, up from 59 gigawatts in 2015. Over the next two years, global shipments will experience a slight dip before resuming growth in 2019.

Technological advancements including higher-voltage inverters, more power-dense products, and next-generation switching materials, have yet to exhaust their cost-reduction potential. This will result in continued price declines through 2022.

On the manufacturer front, the top ten inverter vendors accounted for 79 percent of global shipments in 2016, and with today’s pricing environment, consolidation will continue to accelerate.

Global Blended PV Inverter Average Sales Prices by Product Type, 2010-2022E ($/Wac) 

This report provides detailed, country-specific pricing and forecasts for microinverters, single-phase string inverters, three-phase string inverters, central inverters and DC optimizers. The report also profiles and provides current and historical shipment estimates for 24 of the world’s largest inverter suppliers.

Vendors profiled:

ABB | APsystems | Chint Power Systems | Delta Energy Systems | Enphase Energy | Fronius | General Electric | Ginlong Solis | Hitachi | Huawei | Ingeteam | KACO New Energy | Omron | Power Electronics | Schneider Electric | Sineng | SMA | SolarEdge Technologies | Sungrow Power Supply | Tabuchi Electric | TBEA Sunoasis | Tigo Energy | TMEIC | Yaskawa-Solectria Solar

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Scott Moskowitz Senior Analyst, Solar

Scott Moskowitz is a Senior Analyst at GTM Research in the Solar PV Systems and Technologies practice, where his research focuses on PV system design, inverters, balance-of-system components and global downstream markets. In addition to tracking the global landscape of PV projects and balance-of-systems vendors, Scott was the Assistant Editor of PV News, the solar industry’s longest-running market research periodical. Before joining GTM Research, Scott was active with Engineers Without Borders, where he co-led a water and sanitation implementation project in the Peruvian Amazon. Scott holds a bachelor’s degree in civil engineering and mathematics from Vanderbilt University and a master’s degree in environmental engineering from the University of California, Davis, where his work focused on energy efficiency, life cycle analysis and environmental law.

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