According to latest findings from IHS Technology’s Q1 report on the global solar PV inverter market, PV inverter shipments grew 37.5% in Q1, 2015 versus the same quarter of 2014 and exceeded 11 GW. This is the largest Q1 on record and the fourth largest quarter the industry has recorded, IHS notes.
Market leader, SMA Solar Technology, enjoyed an outstanding quarter and saw a slight rebound in its market share. Despite not having a major presence in the major Asian markets, its strength in other regions such as the UK saw its global market share increase to 15.7% in Q1, 2015.
PV inverter shipments to Asia exceeded 6 GW in Q1, 2015
PV inverter Prices continued to decline rapidly. ASPs dropped by 23% to USD 0.14/W in Q1. Despite this, the strong growth in shipments drove a 5.4% increase in industry revenue.
Shipments to EMEA, the Americas and Asia all grew at a rate of more than 30% in Q1, 2015. The UK accounted for more than half of EMEA’s 2.7 GW of shipments as developers rushed to complete projects ahead of the March 31st deadline for ROC support.
Shipments to Asia exceeded 6 GW in Q1, 2015, with shipments to China hitting 2.5 GW and shipments to Japan exceeding 2.7 GW.
In a sign of possible consolidation of the solar PV inverter market, the top 4 suppliers all recorded market share gains in Q1, 2015. Collectively they increased their market share by 7.3 percentage points to nearly 36% combined.
2015-05-22 | Courtesy: IHS | solarserver.com © Heindl Server GmbH
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