Japanese solar inverter company Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) achieved a 1.5-fold increase in orders and shipments for its solar inverters in 2014, posting 2.905 GW and 2.536 GW respectively.
In fiscal year 2013, TMEICs PV order book was 1.9 GW, with the company adding more than 1 GW to that figure in FY2014. Equally, in 2013 its shipments reached 1.6 GW, whereas last year that figure rose to 2.536 GW.
TMEIC has attributed this increase to the successful expansion of its overseas manufacturing bases in the U.S., India and China all of which are now at full-scale operation. Including Japan, the company now boasts four large-scale production facilities globally, and will further augment its mass production network as the company seeks greater international expansion this year.
Analysis by IHS earlier this month revealed that Japanese inverter suppliers are closing in on their European and U.S. rivals in terms of global revenue share, with TMEIC now ranked fourth globally, behind fellow Japanese supplier Omron.
Germanys SMA is still in the driving seat, one place ahead of ABB, but IHS analyst Cormac Gilligan believes that the company could lose the number one position this year in the face of sustained pressure from Asia.
"SMA could be displaced as the leading PV inverter supplier in 2015," Gilligan said, "if not in terms of revenue then quite possibly in terms of MW shipments."