PV industry: leading SMA inverter continues unabated

SMA Solar's 2009 fiscal year results showed that the annual PV inverter company sales reached 3,400 megawatts, about the world inverter for 40% of total sales volume, sales revenue of 934.3 million euros, pre-tax income was 228.4 million euros, net profit of € 1.3 per share. Company expects fiscal 2010 sales will reach 1.1 to 1.3 billion euros.

    Investment Advisor in the latest release of "2010-2015 China solar PV equipment market investment analysis and forecast report" shows that as of the end of 2008, SMA solar capacity installed worldwide has more than 5.7GW, only in 2008 that the installed capacity of 2.2 ac GW. In addition, the 2008 SMA create up to 682 million euros in sales for several years maintained a growth rate of over 100%, and in the next few years will continue to maintain strong growth momentum.

    Investment Advisor in the energy sector, chief researcher Jiang Qian pointed out that in 2009 the overall trend of the global PV industry can be summarized Xianyihouyang, throughout the first half of the financial crisis severely affected industrial boom can be described as extremely bleak. Into the second half, with the gradual warming of the global economy, coupled with governments to promote solar policy driven effects fade, the photovoltaic industry has shown some recovery trend.

    Jiang Qian pointed out that, overall, the global PV market in 2009, the growth rate slowed down considerably, leading from the upstream polysilicon enterprises, to downstream components of enterprise business are severely affected. But as the industry leader SMA photovoltaic inverter operating unaffected, which is higher technical barriers in the field led to a high degree of concentration in the industry are inseparable. Data show that the current global PV inverter SMA occupy more than 40% market share, ranking second in market share Kaco New Energy Co., compared with 30%, just two market share of leading enterprises in more than 70%.

    From Hind, SMA Solar's market share is also expected to continue to improve. One of the important confidence comes, SMA in the U.S. city of Denver, Colorado, the construction of the inverter's first overseas production plants will be formally put into production in mid-2010, and after the completion of the base, SMA America inverters gridtiepowerinverteronline annual production plant production will reach approximately 1GW, and set aside for future expansion space.