Info
Info
News Article

European Inverters Dominate Market

News
New report shows European based inverter companies were big winners.
Power-One was the PV inverter market's largest share gainer in 2010, moving up to second in the global rankings according to IMS Research's latest report on the market. The report will also reveal that for the first time all of the top 10 suppliers to the market in 2010 were European - largely due to the explosive market growth in key European markets that these suppliers enjoyed. The top five gainers in market share in 2010 were Power-One, Siemens, Advanced Energy, Sungrow and Danfoss.

IMS Research's new report has found that the global PV inverter market grew 140% in 2010 with core European markets Germany, Italy, Czech Republic and France the main drivers. The recently released rankings of market share gainers have revealed however that some suppliers performed significantly better than others. “During 2010 exceptional demand meant that component shortages blighted the industry and lead-times for many suppliers extended up to 30 weeks. Suppliers that were able to source components benefitted with Power-One being a prime example.” PV market analyst Tom Haddon commented. 

Power-One, Siemens, Advanced Energy, Sungrow and Danfoss were revealed as the top five market share gainers in 2010, though IMS Research has identified several different reasons for their success. ”Growth of the small three-phase inverter market for units rated between 10 and 20kW, helped suppliers such as Danfoss Solar Inverters, Refu Elektronik and Siemens gain considerable share and move up the rankings”, explained Haddon.   

High growth is forecast for the North American market in 2011 which may benefit domestic suppliers such as Satcon and Advanced Energy, which already performed very well in 2010 and were the highest ranked non-European supplier and biggest ranking gainer respectively.  Advanced Energy was the third largest market share gainer last year, largely due to its earlier acquisition of rival PV Powered.

2011 presents very different opportunities and challenges for suppliers as the industry grapples with excess inventory due to oversupply in 2010 and a shifting balance in power towards Asia and North America. Analyst Tom Haddon concluded, “During 2010, the PV inverter market was very European centric with over 80% of shipments destined for here. However with faster growth now forecast in non-European emerging markets such as the USA, China and India, opportunities for European-focused suppliers to gain share may be limited.”
SunBrush Mobil And Infinity Establish Service Base At Benban, Africa's Largest Solar Park
AEG Power Solutions Equips The Microgrid Laboratory Emulator Of Paderborn University
Sonnedix Brings Chile Closer To Meet Its Renewable Power Targets
US Solar Fund To Acquire Up To 50% Of 200MWDC Mount Signal 2
SolarArise Commissions 75 MW Solar Plant In Uttar Pradesh
Solar Energy For Water Treatment: IBC SOLAR Helps Water Authority Become More Sustainable
Greencoat Renewables Announces First Transaction In Nordic Market
Sonnedix Adds 40 MW Of Capacity To Its Portfolio In Chile
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
Winch Energy Closes Largest Mini Grid Financing Portfolio To Date
International Solar Alliance Special Assembly Elects Dr Ajay Mathur As New Director General
Sonnedix Acquires 150MW Utility Scale Project Located In Central Chile
Driving Efficiency Through Flexible Solar Power Solutions
VivoPower International PLC Announces Completion Of Electrical Works For 39 MWdc Molong Solar Farm
BayWa R.e. And HeidelbergCement Sign First Solar Corporate PPA In Polish History
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
SUNfarming Secures EUR 10 Million In Fresh Money For Poland
Q CELLS Solar Modules Keeping The Lights On For Dutch Bulb Grower
SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland
The Smarter E South America Postponed To October 18-20, 2021
Luxcara And GE Renewable To Deliver 753 MW To Sweden With Single Onshore Wind Farm
Ib Vogt Achieves Financial Close And Start Of Construction Of 116 MWp Solar PV Project In Malaysia
Leclanché Selected By ENERGODATA To Provide Battery Storage
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event