星期一, 九月 28, 2020
Home PV News Huawei, Sungrow and SMA Were the Top Solar Inverter Players in 2019

Huawei, Sungrow and SMA Were the Top Solar Inverter Players in 2019

Huawei, Sungrow and SMA remained the solar inverter market leaders for the fifth year running, based on a new Wood Mackenzie report on the inverter market in 2019. These top three vendors have now held the same positions from 2015 to 2019.

Fimer (ABB) saw the most significant market gains last year, a result of its acquisition of ABB’s PV inverter line. Fimer is now the fifth-largest solar PV inverter vendor globally, climbing into the top 10 for the first time.

Power Electronics maintained its first-place ranking in the U.S. market in 2019, although the company lost market share to Sungrow.

Global PV inverter shipments grew by 18 percent year-over-year last year despite a slight contraction in the inverter market in Asia-Pacific, which is the largest inverter market globally.

Two main factors drove global inverter market growth in 2019.

First, vendors sent a wave of shipments to the U.S. last year as developers safe-harbored inverters and other equipment so their projects could claim Investment Tax Credit eligibility prior to the 2020 stepdown.

Second, a rise in solar PV inverter retrofits contributed to the market’s growth last year, as asset owners and operations and maintenance teams sought to replace legacy inverters that had reached the end of their lifespan.

Market concentration similar to 2018

This time last year, the top five solar PV inverter vendors had just seen their combined market share slip for the first time since 2013.

New data shows that in 2019, the top five vendors’ market concentration slipped again, though only by a percentage point — to 56 percent of the global market.

The top 10 global PV inverter vendors held 76 percent of the market in 2019, the same percentage as last year. The concentration of the top 10 has been relatively flat since 2015, hovering around 75 percent.

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...