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Global Solar Inverter Markets

The last decade witnessed an unprecedented boom in the Photovoltaic industry, leading to a rise in renewable energy generation the world over. Rising crude oil prices and growing environmental awareness prompted many economies to develop a cleaner alternative source of energy. Among renewable energy industries, the PV industry has been one of the fastest growing industries in the last decade with large scale installations in developed and developing economies. Since 2000, cumulative PV installations have grown at a CAGR of 35% reaching 40 GW in 2010, and we estimate the market to touch 400 GW by 2020. The majority of the installations are centered in EU countries with Germany, Italy, Czech Republic, Spain, France, Belgium and Greece constituting the major share. A series of restrictions by the governments and curtailing of subsidies to offset the growing budget deficits are likely to impact future growth in EU markets. In the next decade we expect a shift in PV growth markets to the non-EU countries of North America (US and Canada) and Asia, led by China and India.

PV components production and shipments grew in perfect correlation with the PV industry growth. The unsustainable industry growth of the last decade resulted in a widening supply and demand gap and rising prices. Technological changes and the emergence of disruptive technologies coupled with capacity expansions of major players led to falling prices of PV components.

Our report on the PV component market has a detailed analysis on PV cells, modules, wafers, polysilicon and inverters. The main focus of the study is on PV inverters, which is currently valued between $5.5- 5.8 Billion and we estimate the market to touch $7.5 Billion in 2015. This market research report also provides information on historical developments in PV inverter markets as well as on growth, size, volume of business and general trends in technological developments.


New York, NY - 20 October 2011 - Return on investment from solar power is higher than any other renewable energy source, thanks to large scale technological improvements which are expected to bring down the cost of power generation to $1 per watt by 2020. The payback period for a typical PV project has also come down to 3-5 years from the earlier 7-10 years.

Global Solar Inverters Markets, a new report released by SBI Energy, asserts that the cost of solar power production will decrease by half every ten years, reaching as low as $0.50 per watt by 2030. Large scale adoption of PV technology and the emergence of low cost production sites in China, Taiwan and other Asian markets would further reduce the cost of production in coming years.

Solar inverters convert solar power from DC power to AC power and as such are integral devices to any grid-tied PV installation. The PV industry has been one of the fastest growing renewable energy industries in the last decade with large scale installations in developed and developing economies. Since 2000, cumulative PV installations have grown at a CAGR of 35% reaching 40 GW globally in 2010, and the market is estimated to reach 400 GW by 2020. Meanwhile, SBI Energy estimates that the global PV inverters market, currently valued between $5.5- 5.8 billion, will touch $7.5 billion in 2015.

"During 2011-2012, we expect a short-term lull in the European Union PV market, primarily due to FiT rate cuts and regulations on farm land usage for ground mount installations," states Arun Kumar, SBI Energy analyst and author of the report. "But this will be offset by installations in the high growth markets of North America and Asia, and China in particular."

China is the other fast growing market, which is likely to reach the 1 GW cumulative installation mark in 2011. India and the rest of the Asia-Pacific region hold long-term growth potential with clear government road maps for increasing the share of renewable energy generation to reach 2020 targets.

The report, Global Solar Inverters Markets, covers the PV component market, with a detailed analysis on PV cells, modules, wafers, polysilicon and inverters. It also provides information on historical developments in PV inverter markets as well as on growth, size, volume of business and general trends in technological developments.

  • Executive Summary
    • Micro-inverters
    • Power optimizers
      • Advantages of Micro-inverters and power optimizers
    • Wafers
    • Polysilicon
    • PV Cells/Modules
      • Table Inverter Production Capacity 2011 (in MW)
    • Emerging Market Analysis
      • China
      • India
    • Rest of Asia
      • Malaysia
      • South Korea
      • Rest of Asia
      • Latin America & MENA (Middle East and North Africa)
    • Supply Demand Scenario
    • Polysilicon
    • Modules
      • Inverters
    • Photovoltaic Market Assessment
      • Table Year on Year PV Installed Capacity, Major Countries and Rest of the world 2008-2010 (in MW)
      • Table Cumulate PV Installed Capacity, Major Countries and Rest of the World 2008-2010 (in MW)
    • Growth Country Market Beyond 2010
    • Growth Country Market Scenario
      • USA
    • Canada
      • Japan
      • Australia
      • China
      • India
    • European Union Market
      • Table Modest Forecasted Installations, Country wise, EU 2008 - 2015 (in MW)
      • Table Accelerated Forecasted Installations, by Country, EU 2008 - 2015 (in MW)
    • Global Market Development
    • Micro Inverters and Optimizers
    • Module Level Power Management Solutions
    • Market Trends
      • Political Support
      • PV cost reductions
    • Risks to industry growth
    • North American PV Market - USA
      • Table PV Components production capacity, USA 2011 (in MW)
    • European Union Market
      • Germany
      • Italy
      • Czech Republic
      • France
      • Belgium
      • Spain
      • Greece
    • Changing tide, 2010 and beyond
    • China PV Production
    • Polysilicon demand and supply scenario
    • Regulatory Environment
    • PV Subsidy Programs
      • Germany
      • Italy
        • Table Fourth Conta Energia (2011 - 12) Budget cost and Cumulative Installations
      • North America
      • Asian Countries
    • Customer Requirements
    • Value offerings
      • Owning and Operation cost
      • Asset Utilization
    • Technology Trends
    • Emerging Technologies
      • Concentrator PV Technologies (CPV)
      • Building Integrated Photovoltaics (BIPV)
    • Competitive profiles
      • Table SMA Solar Technology AG
    • Corporate Background
    • Product and Brand Portfolio
      • Table SMA's Product and Brand portfolio of PV components
    • Performance
    • Company News
      • Acquisitions
      • Outlook
      • Personnel Changes
  • Photovoltaic Components - Industry, Markets and Trends
    • Photovoltaic inverters
    • Micro-inverters
    • Power optimizers
      • Advantages of Micro-inverters and power optimizers
      • Islanding
    • Wafers
    • Polysilicon
    • PV Cells/Modules
    • Cost Breakout
      • Table Inverter Production Capacity 2011 (in MW)
    • Emerging Market Analysis
      • China
      • India
    • Rest of Asia
      • Malaysia
      • South Korea
      • Rest of Asia
    • Latin America & MENA (Middle East and North Africa)
    • Supply Demand Scenario
    • Polysilicon
    • Modules
    • Inverters
      • Demand Landscape
  • PV Industry and Inverter Markets
    • Photovoltaic Market Assessment
      • Table Cost of Solar Electricity Generation 2010 - 2030 (in USD/W)
      • Table Module and cell efficiency (in %)
      • Table Year on Year PV Installed Capacity, Major Countries and Rest of the world 2008-2010 (in MW)
      • Table Cumulate PV Installed Capacity, Major Countries and Rest of the world 2008-2010 (in MW)
    • Growth Country Market Beyond 2010
    • Growth Country Market Scenario
      • USA
      • Canada
      • Japan
      • Australia
      • China
      • India
    • European Union Market
    • EU Market Beyond 2010
      • Table Modest Forecasted Installations, Country wise, EU 2008 - 2015 (in MW)
      • Table Accelerated Forecasted Installations, by Country, EU
      • Table NREAP Targets and Percentage Share 2015 - 2020 (in MW)
    • World Market Beyond 2010
      • Table World Market 2011 - 2015 (in MW)
      • Table Inverter Supply and Demand 2009 - 2011 (in GW)
    • Global Market Development
    • Micro Inverters and Optimizers
    • Module Level Power Management Solutions
      • Table Average Selling Price Forecast for MLPM 2010 - 2015 (in US$/Watt)
    • Market Trends
      • Political Support
      • PV cost reductions
    • Risks to industry growth
      • Table Efficiency Road Map 2020 & 2030/50 (in %)
    • Geographic Analysis
      • Table Average Growth Rate, Forecasted Capacity and IEA road map comparison 2011 - 2020 (in %)
    • North American PV Market - USA
      • Table PV Components production capacity, USA 2011 (in MW)
    • European Union Market
    • Germany
    • Italy
      • Table Conto Energia IV Highlights 2011 - 12
    • Czech Republic
    • France
    • Belgium
    • Spain
    • Greece
      • Table PV Installations, Rest of EU 2008 - 2010 (in GW)
  • PV Inverter and Components Cell and Modules) Industry Trends
    • PV Inverters Industry Overview
    • Changing tide, 2010 and beyond
    • PV Inverter Components
    • PV cells
    • Modules
    • Thin films
    • Production and Shipment Trends of PV Components (Cells & Modules)
    • US and China Market Analysis, PV components
      • US Market Analysis
    • China PV Production
    • Polysilicon demand and supply scenario
    • Regulatory Environment
    • PV Subsidy Programs
      • Germany
        • Table Fourth Conta Energia (2011 - 12) Budget cost and Cumulative Installations
        • Table Fourth Conta Energia (2013 - 16) Budget cost and Cumulative Installations
      • Italy
        • Table Fourth Conta Energia (2011) Feed-in-tariffs, Monthwise
      • North America
      • Asian Countries
    • Customer Requirements
    • Value offerings
      • Owning and Operation cost
      • Asset Utilization
      • System Yield
    • Other Requirements
    • Technology Trends
    • Thin Films
    • Crystalline Silicon (c-Si)
      • Table c-Si efficiency trends
    • Emerging Technologies
      • Concentrator PV Technologies (CPV)
      • Building Integrated Photovoltaics (BIPV)
      • Disruptive Technologies
      • Monitoring Systems
  • Competitive Profiles
    • SMA Solar Technology AG
      • Table SMA Solar Technology AG
      • Corporate Background
      • Product and Brand Portfolio
        • Table SMA's Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook
      • Personnel Changes
    • KACO New Energy, Inc.
      • Table KACO New Energy, Inc.
      • Corporate Background
      • Product and Brand Portfolio
        • Table KACO's Product and Brand portfolio of PV components
      • Company News
      • Outlook
    • Power - One
      • Table Power - One
      • Corporate Background
      • Product and Brand Portfolio
        • Table Power-One Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook
      • Personnel Changes
    • Danfoss Solar
      • Table Danfoss Solar
      • Corporate Background
      • Product and Brand Portfolio
        • Table Danfoss Product and Brand portfolio of PV components
      • Performance
      • Outlook
      • Personnel Changes
    • Advanced Energy
      • Table Advanced Energy
      • Corporate Background
      • Product and Brand Portfolio
        • Table Advanced Energy Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook
      • Personnel Changes
    • Suntech Power
      • Table Suntech Power
      • Corporate Background
      • Product and Brand Portfolio
        • Table Suntech Power Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook
      • Personnel Changes
    • First Solar
      • Table First Solar
      • Corporate Background
      • Product and Brand Portfolio
        • Table First Solar Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook
      • Personnel Changes
    • JA Solar
      • Table JA Solar
      • Corporate Background
      • Product and Brand Portfolio
        • Table JA Solar Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook
      • Personnel Changes
    • Trina Solar
      • Table Trina Solar
      • Corporate Background
      • Product and Brand Portfolio
        • Table Trina Solar Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook
      • Personnel Changes
    • Yingli Solar
      • Table Yingli Solar
      • Corporate Background
      • Product and Brand Portfolio
        • Table Yingli Solar Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook
    • Satcon
      • Table Satcon
      • Corporate Background
      • Product and Brand Portfolio
        • Table Satcon Solar Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook
      • Personnel Changes
    • Sunpower
      • Table Sunpower
      • Corporate Background
      • Product and Brand Portfolio
        • Table Sunpower Solar Product and Brand portfolio of PV components
      • Performance
      • Company News
      • Outlook

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