L R AS Published on Saturday 2 May 2020 - n° 320 - Categories:inverters/micro-inverters
The inverter market grew 18% in 2019
According to Wood Mackenzie, the inverter market grew by 18% in 2019. Huawei, Sungrow and SMA remained the market leaders in solar inverters for the fifth consecutive year.
Power Electronics takes fourth place in the classification. It maintained its first place in the US solar inverter market in 2019.
Fimer (ABB), the world's No. 5, experienced the largest market share gains last year due to its acquisition of ABB's photovoltaic inverter business.
There were two important factors in the market: 1) Suppliers shipped a large volume of inverters and other equipment to the US at year-end, so that their projects could claim eligibility for the federal investment tax credit before the 2020 reduction.
2°) Technical improvements to the inverters contributed to market growth. Asset owners and operations and maintenance crews replaced older inverters that had reached the end of their life.
The concentration of the five main players fell slightly (-1%) to 56% market share. The share of the ten main manufacturers (76% market share) remains almost identical to that of the four previous years.
GreenTech Media of April 28
