Taipei, Wednesday, August 23, 2017 04:24 (GMT+8)
thunderstorms
Taipei
35°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
  • TowerJazz and Tacoma announce partnership for 8-inch fab in China

    Bits + chips | 10h 43min ago

  • Digitimes Research: AR players shift focus to develop platform products

    Before Going to Press | 6h 58min ago

  • Taiwan market: Smartphone-based credit card payment to be launched

    Before Going to Press | 7h ago

  • Fujitsu plans to sell its handset business

    Before Going to Press | 7h 8min ago

  • China market: Smartphone vendors ready to launch all-screen models

    Before Going to Press | 7h 14min ago

  • Asustek, Acer to roll out Coffee Lake-based notebooks starting September

    Before Going to Press | 7h 14min ago

  • China market: DPVR unseats HTC as VR headset leader in 2Q17, says Canalys

    Before Going to Press | 7h 22min ago

  • Winbond announces equipment purchases

    Before Going to Press | 7h 28min ago

  • Copper foil maker Co-Tech net profits hit record high for 4th consecutive quarter

    Before Going to Press | 7h 30min ago

  • LTPS panel makers look to develop more target markets

    Before Going to Press | 7h 45min ago

Pause
 | 
View more

China AMOLED panel capacity expansion forecast, 2016-2020

RESEARCH EXTRAS | Jun 8, 15:37

This Digitimes Research Special Report examines the China AMOLED industry, focusing on the expansion capacity of the makers, the current implementation plans of major smartphone vendors in the market and the technological hurdles faced by China's makers.

Taiwan server shipment forecast and industry analysis, 2017

TAIWAN MOBILE DEVICE | May 31, 10:20

According to surveys and analyses conducted by Digitimes Research, revenues generated from sales of server motherboards, servers, storage systems and related network system equipment by Taiwan-based vendors rose 4.8% on year to reach NT$555.8 billion (US$18.79...

China smartphone market and industry – 2Q 2017

CHINA SMARTPHONE | Aug 18, 14:38

Digitimes Research estimates smartphone shipments to the China market in the second quarter of 2017 totaled 94.1 million units, maintaining a similar level to that seen in the first quarter of 2017 but down 11.8% on year.

Taiwan LCD TVs – 2Q 2017

TAIWAN DISPLAY SYSTEM | Aug 14, 11:13

Taiwan TV makers' shipments to some of their China-based clients were weakened by rising LCD panel prices in the second quarter of 2017, during which shipments to China's financially-troubled LeEco had mostly stopped.

Taiwan large-size LCD panels – 2Q 2017

TAIWAN LCD PANEL | Aug 10, 15:30

The large-size LCD panel market has reached maturity, and no significant growths are expected for Taiwan's makers in 2017.

UMC
China AMOLED panel capacity expansion forecast, 2016-2020
Global notebook shipment forecast, 2017 and beyond
  • China AMOLED panel capacity expansion forecast, 2016-2020

    This Digitimes Research Special Report examines the China AMOLED industry, focusing on the expansion capacity of the makers, the current implementation plans of major smartphone vendors in the market and the technological hurdles faced by the China makers.

  • Global AP demand forecast, 2017-2020

    Digitimes Research expects global AP shipments to surpass the 1.9 billion mark in 2017, with smartphones remaining the main application. Qualcomm will be leading the market in 2017, as other players continue playing catch up and scramble for funds to invest in more diverse applications.

  • Global notebook shipment forecast, 2017 and beyond

    This Digitimes Special Report examines key factors in the notebook industry, including products, vendors and ODMs, that will affect total shipments in 2017 and through 2021.