The Global PV Inverter Landscape 2015: Technologies, Markets and Prices

by Scott Moskowitz, MJ Shiao

The global inverter market faces a shifting landscape as we move into 2015, as pricing continues to fall, demand for a wider scope of services increases, and expansion of demand into new markets with weak grids creates the need for more flexible architectures. These changes require extremely targeted strategies for surviving inverter suppliers. The global market will continue to diversify, with the top three markets (China, Japan, and the U.S.) forecasted to account for 59% of demand in 2015 after a high of 68% in 2014. Global inverter shipments are expected to reach 50.6 GW in 2015 with a market size of $7.3 billion.

FIGURE: Global PV Inverter Shipments by Region, 2013-2018E (MWac)

Source: GTM Research

This slide-based report provides an in-depth look at the changing inverter landscape, covering new technologies, grid integration, solar-plus-storage, module-level power electronics, market drivers and pricing, and supply and demand. It also contains comprehensive coverage of region-specific inverter markets, including product-specific forecasts, drivers, and risks for markets in Europe, North America, Asia-Pacific, Latin America, the Middle East and Africa. The report details the current global and regional competitive landscape and contains comprehensive profiles regarding known shipments, products, and analysis of 45 leading manufacturers.

The report also includes a PV Inverter Market Shares and 2015 Outlook note, published on July 1, 2015, providing data on inverter company market shares between 2009 and 2014 with breakdowns of leading firms by region and comments on 2015 trends.

Companies profiled in the report include:

ABB | Advanced Energy | Altenergy Power Systems | Ampt | Bonfiglioli | CEHE | Chint Power | DAIHEN Corporation | Darfon | Delta Energy Systems | Eaton | Emerson | Enecsys | Enphase Energy | Fronius | Fuji Electric | Gamesa | GE Energy | Ginlong | GP Tech | Great Wall (Satcon) | GroWatt | Hitachi | Huawei | Ingeteam | KACO New Energy | KStar | LTi REEnergy | Nisshin Electric | Omron | Power Electronics | Samil Power | Santerno | Sanyo Denki | Schneider Electric | SMA | SolarBridge Technologies (SunPower) | SolarMax | Solectria Renewables | Sungrow Power Supply | Tabuchi Electric | TBEA | SunOasis | Tigo Energy | TMEIC | Yaskawa Corporation


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.

MJ Shiao Head of Americas Research

MJ Shiao is the Head of Americas Research at GTM Research and manages GTM's solar market analyst team. He is responsible for strategy and development of GTM Research's coverage of the global solar market and solar market intelligence product suite. MJ is a leading expert on solar PV technologies and costs, authoring dozens of reports and leading custom engagements on U.S. solar, PV inverters, solar power electronics, PV balance of systems, solar monitoring, thin film PV and other solar topics. A 9-year veteran of the solar industry, MJ has experience ranging from fabrication of crystalline silicon solar cells to PV project development.

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