The PV inverter business is following general PV market trends: the latter being driven by financial support provided by governments and development of well-established companies.It has estimated the 2008 PV inverter market at a bit more than €2.5 billion, mainly driven by the Spanish solar farm segment and German market. We do not expect the 2009 PV inverter business to surpass this level. Effectively, 2009 has faced the crisis and seen Spain cut its subsidies. On the other hand, 2009 has also seen the birth of more countries ready to encourage PV as a new source of energy, meaning very interesting feed-in tariffs and loans. In addition, a new era of standardization in the residential segment of the PV inverter business has begun.
Newest PV inverter developments have shown interesting results at different levels:
* evolution of key characteristics (efficiency, cost, reliability)
* use of new materials (SiC, GaN, …)
* adoption of disruptive technologies like micro-inverters,
* all those parameters imply an important variety of players’ strategy.
PV plants can have highly diversified structures due to:
distance between buildings,
size of the installation…
Thus, one of the objectives of this report is to understand the trends for those architectures, and see their impact on PV inverter systems and on strategy of the suppliers active in this arena.
Inverter market forecasts presented following our segmentation:
Rest of world
The report also includes a review of the main players:
5 profiles of different company strategies in the PV inverter industry
Analysis of the vertical integration of PV industry
Market share of main players
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