Featured in Solar leads the European recovery – 06-2020

Record shipments push global solar PV inverter market past $9 billion in 2019

The PV inverter market achieved record shipments in 2019, writes IHS Markit’s Miguel de Jesus, driven by booming shipments in key markets such as the United States, Spain, Latin America, Ukraine and Vietnam. Revenue rose rapidly, surpassing the $9 billion mark in 2019 for the first time.

By

pv magazine

15 Jun 2020

Market_share_Inverters_regional__IHS_MArkit_06_2020

Source: IHS Markit

The global competitive landscape for inverters remains relatively consolidated. The top 10 suppliers accounted for more than 70% of global PV inverter shipments. As the industry continues to enjoy rapid growth, competition is expected to escalate among PV inverter suppliers due to two key factors: advancements in technology and the shifting balance of global installation …

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