2011 China PV inverter market grew 400%

IMSResearch recently released report shows that China PV inverter market in 2011 grew by 400%. This amazing growth thanks to China in July 2011 introduced a national feed-in tariff incentive scheme. 80% of inverter shipments from 10 largest suppliers, of which nine are Chinese enterprises. Italy Elettronica Santerno inverter manufacturer is the only one on the list of non-Chinese companies.

PV inverter market is now worth $ 300 million. According to IMS Research's view, this market is dominated by the Chinese suppliers, and this trend will continue. Sunshine Power (Sungrow Power) in 2011, occupied more than a third of the market share, is by far the largest supplier of power photovoltaic inverter  The report also focuses on the Chinese inverter prices significantly lower than other countries in this global phenomenon.

 

Senior market analyst, said: "According to the requirements of the project bidding rules, all inverters in China to be delivered free installation and warranty 5 years due to the development of China's mostly large projects, the price is usually low."

Other major sectors with different PV off grid inverter market the product model is not too great, in 2011 the most common is 500kW system. "500kW inverters dominated the market last year for projects of utilities, as they well positioned to meet the project developers want to quickly install ground-mounted power plants desire to catch the feed-in tariff cuts at the end to complete the installation. Such an action would shipments accounted for three-quarters of last year. "