in News Departments > New & Noteworthy
print the content item

IHS estimates that a record of 9.9 GW of inverters were shipped in the third quarter of this year (Q3'13), and shipments are forecast to grow further to exceed 10 GW in the fourth quarter (Q4'13).

In its analysis, IHS says due to the rapid expansion of the Japanese and Chinese markets, three of the top five inverter suppliers in Q3'13 were from Japan or China. Despite record inverter shipments in the second half of the year, inverter revenues are forecast to reach $3.5 billion, a decrease by 1% compared to the second half of 2012 due to highly competitive pricing.

For the second half of the year, IHS expects inverter shipments to increase by 21% over H2'12 to reach 20.8 GW, which is driven by a surge in inverter shipments in the U.S., Japan and China. These countries alone accounted for 64% of inverter shipments in the second half of the year, with the U.S. and China enjoying the usual seasonal shipment surge.

However, inverter shipments in Europe, the Middle East and Africa are forecast to continue to decrease in the second half of the year by 31% compared to a year previously, IHS says. Shipments were mainly impacted by the continued decline in key PV markets such as Germany and Italy.

Due largely to Japan commanding the highest prices for inverters globally in 2013, its PV inverter market is forecast to reach over $1.7 billion in 2013, IHS predicts. As a result, local inverter suppliers who have been able to maintain a strong presence in their domestic market have gained a share of the global market rapidly, and Omron and Tabuchi have become the third- and fourth-largest suppliers by revenue in Q3’13. 

The quarter also saw a Chinese supplier appear in the top five for the first time, with Sungrow becoming the fifth-largest supplier, due largely to a very strong quarter in its domestic market. SMA and Power-One remained the two largest suppliers once again in Q3’13, although their market shares both declined considerably compared to a year previously.

Although inverter shipments in the second half of this year were up by over 20% compared to the same period last year, IHS estimates these to have decreased 1% to $3.5 million. This was a result of very competitive pricing globally, with average global price declines of 17% for the year.

IHS forecasts that inverter shipments will increase by 13% to reach a record 41 GW in 2014, with revenues forecast to reach $1.8 billion.

IronRidge_id1414

Hybrid Energy Innovations 2015
Latest Top Stories

Norway's REC Solar To Sell To Hong Kong's Bluestar Elkem

One of Europe's last homegrown photovoltaic module manufacturers is packing its bags and moving to Asia under new ownership.


Solar Generation In The U.K. Soon To Be Cheaper Than Gas

Research shows solar will be cheaper than the wholesale price of electricity by 2028, and that the U.K. will be able to supply 15% of its electricity demand with solar by 2030.


PSC Rubber-Stamping Of Rate Cases Leaves Wisconsin Solar 'Devastated'

By largely siding with utilities in recent rate cases, the Public Service Commission (PSC) of Wisconsin dealt a stinging blow to the state’s energy-efficiency and customer-sited generation programs.


'Freeing The Grid' Shows U.S. States Strong On Clean Energy Policies

An annual report on net-metering and grid interconnection procedures in the U.S. shows that these important policies have a firm footing in many states and are even gaining ground.


Opinion: Getting Solar Customer Data From Utilities Should Not Be Hide & Seek

There is an interesting debate unfolding in California about who, if anyone, should be collecting data about the state’s distributed generation installations.

Solectria_id1450
CanSolIndus_id1429