Intense price pressure is driving consolidation in the global solar inverter industry, with the top 10 suppliers now controlling an 80% share of the market, the highest level in years, according to GTM Research.

And while competition in the sector is brutal, the overall PV inverter market is set to grow from an estimated 63.5GW in 2016 to 100GW by 2021, even accounting for an anticipated minor dip in 2017.

Mirroring