Taipei, Wednesday, April 16, 2014 12:27 (GMT+8)
partly cloudy
Taipei
27°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)
Realtime news
  • Mitac Information Technology becomes Asia Pacific partner for Google Cloud Platform

    IT + CE | 32min ago

  • Samsung, HTC, Sony Mobile likely to launch mini flagship models

    Mobile + telecom | 55min ago

  • Google Cloud Platform launched in Taiwan

    IT + CE | 59min ago

  • Taiwan market: WLAN device sales total US$17.9 million in 4Q13, says IDC

    Mobile + telecom | 1h 12min ago

  • Taiwan PV firms suspend JV plan due to US antidumping probe

    Green energy | 1h 20min ago

  • HDI board capacity utilization rates to rise in 2Q14

    Bits + chips | Apr 15, 22:08

  • Nokia increases orders for on-cell touch panels to Taiwan

    Displays | Apr 15, 20:57

  • Korea-based panel makers expected to start mass producing lower-cost Ultra HD TV panels in 2Q14

    Displays | Apr 15, 20:15

  • Taiwan market: Acer to launch Liquid E3 smartphone

    Mobile + telecom | Apr 15, 19:47

  • Mitac Information Technology becomes Asia Pacific partner for Google Cloud Platform

    Before Going to Press | Apr 15, 21:16

  • Lumax looks to improving sales and profits in 2014

    Before Going to Press | Apr 15, 21:15

  • Commentary: Korea-based panel makers bump up competition in the Ultra HD TV panel segment

    Before Going to Press | Apr 15, 20:55

  • TSMC, UMC look to sequential revenue gains in 2Q14

    Before Going to Press | Apr 15, 20:35

  • SAS to introduce new shareholders, raise additional capital

    Before Going to Press | Apr 15, 20:02

  • Taiwan market: Consumers upset by better Asustek ZenFones available in China

    Before Going to Press | Apr 15, 19:17

  • EU to impose anti-dumping tariffs on China-made PV-use glass

    Before Going to Press | Apr 15, 19:12

  • Taiwan motherboard makers expected to see growth in 2Q14 shipments

    Before Going to Press | Apr 15, 19:11

Pause
 | 
View more

2014 China smartphone market and industry - Forecast and analysis

CHINA SMARTPHONE | Mar 25, 18:27

This Digitimes Research Special Report examines two aspects of the China smartphone market. The first part covers the China smartphone market, measuring local shipments in China from both China-based vendors and international vendors such as Samsung and Apple...

2014 global high brightness LED market, trends and shipment forecast

RESEARCH EXTRAS | Mar 13, 18:26

Digitimes Research estimates that the production value for high brightness LED chips will have an annual growth rate of 12.9% and reach US$12.74 billion in 2014. The applications that will drive growth momentum are LED lighting, tablet, mobile, and automotive...

Global tablet market – 4Q 2013

GLOBAL TABLET | Apr 8, 12:22

Global tablet shipments grew 25% sequentially and 29.8% on year to reach 78.45 million units in the fourth quarter of 2013 benefiting mainly by economic recoveries of Europe and North America, which relatively boosted demand during the year-end holidays.

China smartphone AP shipments – 4Q 2013

CHINA SMARTPHONE AP | Apr 8, 12:20

Global smartphone AP suppliers will see their shipments to China grow only 13.5% on year and drop 3.1% on quarter in the first quarter of 2014. The largest supplier MediaTek is seeing its shipments weakening and its LTE products so far still have not yet been...

China touch panel industry – 4Q 2013

CHINA TOUCH | Apr 8, 12:17

From the fourth quarter of 2013 to the first quarter of 2014, China touch panel makers' largest growth will be in the notebook and 11-inch and above size tablet segments, with makers such as O-Film Technology and Mutto Technology focusing on metal mesh thin-film...

2014 China smartphone market and industry
China smartphone tracker
Global AMOLED market analysis and forecast, 2011-2015
  • China flat panel display industry outlook, 2013-2016

    This Digitimes Research Special Report outlines and analyzes the key trends and players that are influencing the continued development of China large-size and small-to medium size TFT LCD panel industry, while providing related growth forecasts for the industry through 2016.

  • TD-LTE market developments and forecast, 2014-2016

    TD-LTE has become the mainstream global choice for the construction of 4G asymmetric frequency spectrum networks. This Digitimes Research Special Report examines the current global status of TD-LTE, and forecasts developments in the TD-LTE supply chain in China and worldwide through 2016.