Taipei, Saturday, July 4, 2015 13:52 (GMT+8)
mostly cloudy
Taipei
34°C
PV inverter market overview
Sophia Chen, DIGITIMES Research, Taipei [Thursday 31 March 2011]
Registration required (free) to purchase. Please sign in if you wish to continue.
Tight PV inverter demand in 2010 led to the segment becoming a bottleneck for PV system installation and grid connections. As a result, PV inverter manufacturers have actively expanded production capacity to address this situation, and capacity is estimated to have boomed to 40GW at the end of 2010. The market has attracted investment from numerous Taiwan- and China-based firms and competition and strategy will determine who can successfully grab share in a market forecast to hit 24.5GWp in shipments in 2011.
Abstract
PV inverter shipments, 1Q09-4Q11 (GWp)

With the solar PV market exhibiting strong growth in installations starting in the third quarter 2009, demand for PV inverters gradually began to outstrip supply. Demand remained tight throughout 2010, exacerbating the problem of inadequate supply, and the resulting shortfall in PV inverters became a bottleneck for system installation and grid connections. As a result, PV inverter manufacturers have actively expanded production capacity to address this situation, and capacity is estimated to have hit 40GW at the end of 2010.

The PV inverter market was originally dominated by Europe- and North America-based manufacturers, with Taiwan- and China-based firms shipping only small volumes of goods. However, faced with the prospect of shortfalls in supply during 2010, large numbers of orders were placed with Taiwan- and China-based manufacturers instead, leading to record order figures for many such firms. The profitability of PV inverters has also attracted a number of companies from power supply-related sectors to invest in R&D for PV inverters. In 2011, PV inverter products from as many as five to ten Taiwan-based firms new to the sector are predicted to be certified and start shipping; while more than one hundred China-based firms eager to take a slice of this lucrative market are projected to launch PV inverters this year.

PV inverters from Taiwan-based manufactures have already been granted power grid certification in many countries, with product quality reaching a high standard. Many China-based manufacturers' products have only been granted power grid certification in China, however, and the quality of many of their products still lags behind that of their Taiwan-based counterparts. Consequently, there are considerable differences between Taiwan and China-based manufacturers in terms of strategy, positioning and pricing.

Looking ahead, although the reduction of PV subsidies by governments including Germany, Italy, the Czech Republic and France will affect demand for installations in local markets, the rise of many emerging markets will sustain burgeoning demand for PV system installations. Digitimes Research forecasts that system installations will reach 22.4GWp in 2011, while shipments of PV inverters will hit 24.5GWp.

Table of contents
Price: NT$48,000 (approx. US$1,685)

China AP market 2Q15 shipment forecast

CHINA SMARTPHONE AP | Jun 29, 10:47

Digitimes Research predicts China smartphone AP shipments in second-quarter 2015 will show annual growth due to the depletion of inventories in the first quarter of 2015 and new smartphone products being introduced which contains new AP solutions. The new product...

Taiwan server shipment forecast and industry analysis, 2015

RESEARCH EXTRAS | Apr 10, 15:57

The server market did not perform well in 2014 though rising demand from Internet data centers (IDCs) and China brands helped global shipments (measured by motherboards) grow 7.1% to 10.4 million. Using this as the base for growth, in 2015 the market is expected...

Taiwan LCD TVs – 1Q 2015

TAIWAN DISPLAY SYSTEM | May 22, 15:51

Taiwan's LCD TV makers saw strong seasonal impacts in the first quarter of 2015. Shipments to North America saw a particularly sharp decline as a result of reduced procurement from Mexico and major client Toshiba quitting the North America market.

Taiwan handsets – 1Q 2015

TAIWAN MOBILE DEVICE | May 15, 15:58

Most of Taiwan's handset makers felt strong seasonal effects in the first quarter. Foxconn suffered particularly as a result of drastic drops in orders from Sony Mobile and Microsoft Mobile.

China smartphone market and industry – 1Q 2015

CHINA SMARTPHONE | May 13, 10:56

According to Digitimes Research's survey of the Mainland China smartphone supply chain, as well as other relative vendors, increased demand for Apple's new device models, Mainland China's high-end smartphone models experienced lackluster sales in the first quarter...

Taiwan server shipment forecast and industry analysis, 2015
2015 global tablet demand forecast
Demand and supply trends in the global sapphire industry, 2014-2015
  • Wireless broadband developments in Southeast Asia markets

    As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.

  • 2015 global tablet demand forecast

    This Digitimes Research Special Report provides a 2015 forecast for the global tablet market and analyzes the strategies of key market players such as Google, Apple, Intel, and Microsoft.

  • 2015 China smartphone panel trend forecast

    This Digitimes Research Special Report analyzes the strategies of key China-based major panel makers BOE, Tianma and IVO for attacking the different market segments through technology and pricing, and their relationship to local vendors Huawei, Lenovo, ZTE, Xiaomi and Coolpad.