According to IHS Inc. (London, UK) the top five solar photovoltaic (PV) inverter suppliers’ rankings remained largely unchanged in 2014.
However, the combined share of European PV inverter suppliers SMA and ABB declined 4 percent, while Japanese suppliers Omron, TMEIC and Tabuchi gained 3 percent, due to the strength of their domestic market.
The overall global solar PV inverter market shrank more than 4 percent in 2014 to reach USD 6.6 billion, as intense price competition continued and demand shifted further toward lower-priced markets.
Market leader SMA continued to lose share in 2014, and the company’s market share is now half of what it was in 2012 and 25 percentage points lower than in 2009. Despite remaining the largest supplier globally, SMA has lost market share for five consecutive years.
Global PV inverter demand shifts to Asia
“Due to global demand shifting toward Asian markets, if suppliers maintained their current market share in each country this year, it is possible that we would see a new global market leader,” said Cormac Gilligan, senior analyst, solar supply chain, IHS.
“In fact, for the first time on record, SMA could be displaced as the leading PV inverter supplier, if not in terms of revenue, then quite possibly in terms of MW shipments.”
Chinese PV inverter suppliers did not translate gains in megawatt shipments into increases in global revenue share
Despite the seismic demand shift toward Asia, Chinese suppliers experienced a big gain in megawatt (MW) shipment market share; however, those gains did not translate into increases in global revenue share. Average prices in China averaged USD 0.07 per watt (W) in 2014 compared to USD 0.16/W globally, which has slowed Chinese vendors’ revenue share gains.
IHS PV Inverter Supplier Market Rankings & Change in Market Share:
2015-05-05 | Courtesy: IHS | solarserver.com © Heindl Server GmbH
Our editorial selection of breaking solar news is published at:
http://ift.tt/ZHkRw7
from RSS Solar News http://ift.tt/1ENjpYU
No comments:
Post a Comment