星期三, 九月 30, 2020
Home PV News Huawei, Sungrow and SMA dominate global inverter market

Huawei, Sungrow and SMA dominate global inverter market

Analysis from Wood Mackenzie shows global inverter demand grew 18% last year. The ten largest inverter suppliers accounted for 76% of the global trade.

Source:pv magazine

The global solar inverter market grew 18% in 2019, according to new data from U.S.-owned analyst Wood Mackenzie.

The WoodMac analysts said two trends were critical: U.S. demand ahead of the reduction in the solar Investment Tax Credit at the end of last year and a rise in demand for the retrofitting of products in operational solar plants.

Asia-Pacific is still the center of global demand although the market declined slightly last year, according to WoodMac.

Chinese manufacturer Huawei led the field with the top three manufacturers unchanged for five years. Chinese rival Sungrow had the second biggest slice of the market again, ahead of German outfit SMA. U.S. company Power Electronics claimed fourth position thanks to dominance in its domestic market, even if it lost U.S. market share to Sungrow during the year, according to the WoodMac analysts.

Italian inverter maker Fimer enjoyed the biggest growth, climbing to fifth after it took overthe solar inverter business of Swiss company ABB.

The big five surrendered only 1% of their stranglehold on the global market to claim 56% of business. WoodMac said the 10 biggest inverter makers accounted for 76% of global trade.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Apple data center in Denmark powered by 50 MW of solar

Apple has revealed that its data center in Viborg, Denmark, is now being powered by a 50 MW solar project under a long-term power...

Solar + storage experiment in Tampa Bay selected for Solar Energy Innovation Network project

An innovative solar + storage research project led by the Tampa Bay Regional Planning Council has been selected as a finalist for the Solar...

Chinese PV Industry Brief: 350 MW wind-solar project, 200 MW of floating PV

Longyuan Energy said this week that it has signed an agreement with the municipal authorities in Binzhou, Shandong province, to build 300 MW of solar...

IEEE creates education and credentialing program for interconnecting distributed resources to the grid

IEEE and the IEEE Standards Association (IEEE SA) announced the IEEE Std 1547-2018 Distributed Energy Resources (DER) Interconnection Commissioning: Education and Credentialing Program, a new...