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Asian suppliers gain foothold in PV inverter market

Posted: 07 May 2015 ?? ?Print Version ?Bookmark and Share

Keywords:photovoltaic? PV inverter? Chinese vendors? MW shipment?

Japan took three of the top five spots in the photovoltaic (PV) inverter suppliers rankings, according to IHS, Inc. The combined share of Japanese suppliers Omron, TMEIC and Tabuchi gained 3 per cent due to the strength of their domestic market, while European suppliers SMA Solar Technology and ABB declined 4 per cent but retained the top two places.

The overall global PV inverter market shrank more than 4 per cent in 2014 to reach $6.6 billion, as intense price competition continued and demand shifted further towards lower-priced markets.

Market leader SMA continued to lose share in 2014, and the company's market share is now half of what it was in 2012 and 25 percentage points lower than in 2009. Despite remaining the largest supplier globally, SMA has lost market share for five consecutive years.

PV inverter suppliers

"Due to global demand shifting towards Asian markets, if suppliers maintained their current market share in each country this year, it is possible that we would see a new global market leader," said Cormac Gilligan, senior analyst, solar supply chain, IHS. "In fact, for the first time on record, SMA could be displaced as the leading PV inverter supplier, if not in terms of revenue, then quite possibly in terms of megawatt (MW) shipments."

Because of the seismic demand shift towards Asia, Chinese suppliers experienced a big gain in MW shipment market share; however, those gains did not translate into increases in global revenue share. Prices in China averaged $0.07 per watt (W) in 2014 compared to $0.16/W globally, which has slowed Chinese vendors' revenue share gains.





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