PV inverter market is growing strong

PV inverter market is growing strong

Recently, the PV inverter market has shown strong signs of recovery, with shipments reached record levels, so the market analyst IMS Research (United Kingdom Wellingborough), said the outlook for the market has become quite optimistic.

The third-quarter shipments of photovoltaic inverters over 2.5GW, the recovery signal amazing, and in the first half of this year when the market is stagnating. Global revenues are expected to be inverter more than 600 million euros (892.5 million U.S. dollars), compared with last year's third quarter rose 30 percent, and almost twice the previous quarter. In particular, in Germany, an increase of more obvious in the third quarter alone inverter in the market, shipments reached 1.2GW, that figure is almost the first half of shipments in this market twice. Inverter market growth also reflects the strong overall PV market in Germany, they also seized more expensive PV system.

"The third quarter of 2009 photovoltaic inverter market, incredible strength, we expect this momentum can continue into the end of this year," IMS Research's photovoltaic research analyst Sam Wilkinson said. "The first half of module prices decline rapidly, while financial conditions gradually turn for the better, which makes investors to return to the PV market.

In the fourth quarter, demand is expected to remain very strong, but it will be limited to inverters and other components of the supply of many suppliers currently do not have enough products can be delivered until the first quarter of 2010. In the past year, the price of photovoltaic inverters have been reduced by about 10%, compared with PV module suppliers experienced severe price declines, a 10% drop seems not too big.

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