Tough times for EU inverter makers

The global PV inverter market grew by 5% in spite of falling prices to crack the $7bn mark for the first time, according to IMS, shaking off the falling revenues characterising much of the rest of the solar manufacturing sector.

The growth for inverters – which cuts a stark contrast with segments like modules and polysilicon, where revenues have been falling in spite of larger shipments – was driven largely by strong late-year demand in Asia.

As with modules and other PV components, the shift towards Asia presents a major challenge for the Western inverter suppliers that have long dominated the market, and particularly those based in Europe.

SMA, Power-One and Kaco – based in Germany, the US and Germany, respectively – once again held the top three spots globally.

However, the combined share Log in to read complete article.

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