The dramatic shift of the global PV market towards Asia is underscored by IHS’s new top 10 ranking of inverter suppliers in 2013, with four of the companies based in Asia – compared to none just two years ago.

While loss-making German inverter giant SMA managed to retain the number one slot that it has held for many years, the third, fourth, fifth and seventh slots were held by Omron (Japan), TMEIC (Japan), Sungrow (China), and Tabuchi (Japan), respectively.