The Global PV Inverter and MLPE Landscape: H2 2016

by Scott Moskowitz

The PV inverter market continues to grow more concentrated as it matures. In H1 2016, the top ten solar inverter vendors accounted for 80% of global shipments, the highest mark since 2010 when solar demand was highly centered in continental Europe. Price pressure has additionally accelerated, particularly in the United States, where rapid proliferation of 1,500-volt systems and new market entrants have contributed to significant half-over-half declines.

Global PV inverter shipments will reach a record 63.5 GWac in 2016 before declining 5% in 2017. Demand will fall in the three largest solar markets - China, the United States and Japan - in 2017. Meanwhile, Latin America, the Middle East and Southeast Asia will be the fastest growing regions through 2021, with each region expecting annual growth rates above 25% over that time.

Market Share Breakdown of Global Shipments by Vendors, 2010-H1 2016

This report provides the most up-to-date view on the state of the PV inverter and module-level power electronics market. The report includes product specific market forecasts, pricing (regionally and by major market out to 2021), market shares (1H 2016) and detailed profiles of leading PV inverter vendors.

Vendors profiled include:

ABB | APSystems | Chint Power Systems | Daihen Corporation | Delta Energy Systems | Eaton | Enphase Energy | Fronius | Fuji Electric | Gamesa | General Electric | Ginlong Solis | GPTech | 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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Download a free executive summary with a full table of contents as well as more in-depth information on the report's analysis.

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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