PV inverter shipments decline by 39 percent in first quarter 2011


In its latest quarterly report, the market research company says that despite the fall from the previous quarter, the market still appears to be growing, with shipments totaling four gigawatts (GW), thus representing a 32 percent increase over the first quarter of 2010.

The report was based on sales and shipment data from 35 of the largest photovoltaic inverter suppliers, including those from China. While the first quarter of the year in the photovoltaic market is traditionally weak, the 38 percent drop is much larger than the 17 percent decrease recorded in the previous year

Looking forward, the company predicts only slow growth in demand for inverters in the second quarter of 2011, as demand in Europe is insufficient to clear the several GW of inventory still being held.

IMS Research’s Ash Sharma commented that the first quarter of 2011 was a difficult one for inverter suppliers and order cancellations were common. "Quarter one 2011 is now the second quarter in succession where shipments have fallen," said Sharma.

Italy overtook Germany for the first time in the quarter as a market for inverters with over 1.2 GW shipped. However, as the review of the Italian feed-in tariff system halted many projects and effectively stalled the market, many of those inverters would have gone into inventory.

Germany’s falling primacy in the photovoltaic industry also extended to its share of the inverter market, with many losing market share. SMA Solar, the market leader, reported weaker results than in the first quarter of the previous year while U.S.-based suppliers Satcon and Advanced Energy performed strongly.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

SunPower stock crashes 70%

19 July 2024 The company’s share price fell below $1 as it announced it is halting some operations and ending its lease and power purchase agreement offerings, amo...


Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.