IMS expects 2012 global PV inverter market will reach 32GW, an increase of 23%

According to IMS Research ( recently acquired by IHS ( NYSE : IHS)) the fifth edition of the annual report on the photovoltaic industry analysis, expected 2012 global PV inverter market will grow 23 percent to nearly 32GW. However, the " World PV inverter market," the report income prospects of the industry to make a more " sober " analysis , is expected to grow only 3 percent in 2012 , for the first time reached 70 billion U.S. dollars.

    According to the recently released report shows that the global PV inverter market revenue in 2011 decreased slightly , but is expected to resume growth in 2012 . In one analysis of IMS Research , the inverter shipments are expected to grow by nearly 25%. However, the inverter prices fell , while revenue this year, only 3 % growth. "

2012 vendor shipments will continue to see rapid growth, but may be difficult to see the ups and downs -type growth , "IMS Research 's photovoltaic business director Ash Sharma commented ." 2012 Inverter prices will double-digit decline , to a certain extent due to changes in product mix and demand go to lower-cost countries , but also by the major markets slump on the standard prices. "

    Analysis found that despite the year before the impact of excess inventory , 2011 Global inverter shipments grew more than 12% of the amount still to reach 27GW, but the European market will face significant atrophy. Expected to occupy the leading position in the European PV inverter market in Germany and Italy will continue to weaken , because the two markets will have an annual installed capacity significantly reduced.

" 2010 Europe PV inverter shipments and revenue share of more than 80% , but we expect in 2016 will drop to below 40% , and revenue in the next five years will not return to 2011 levels , which itself to most of the facilities and customers are located in the main European suppliers to bring a huge challenge , "Ash Sharma said.

    Analysis showed that although the European market outlook is not very clear, but the global PV solar grid tie inverter suppliers situation looks improved ; differentiation characteristics highlighting the industry now needs to look for the future development of the emerging markets . In the next five years, global shipments are expected to continue double-digit growth rate in 2016 revenue will be more than 9 billion U.S. dollars .

    The report by more than 150 active suppliers analysis found that the top five vendors will remain the same, even though they rank among some minor changes . Despite losing more market share , SMA will continue to maintain its 2011 first place , followed by Power-One, Kaco, Fronius and RefuSOL.

IMS study found , however, the 2011 winner of the largest market share has actually dropped out of the top 10 things, this means that the industry may not have been consolidated. "Enphase and SolarEdge company is the largest market share in 2011 is one of the two beneficiaries , but we also see the Advanced Energy and Emerson also gained considerable market share ," Sharma said that .