While PV inverter shipments are forecast to reach over 96 GW (AC) in 2018, market volatility is an ever-present feature of the global market, writes Cormac Gilligan, Research Manager for Solar and Energy Storage at IHS Markit. Installation declines in major markets like China and Japan, tariffs being proposed on Chinese products in the U.S, goods and services tax (GST) in India for all inverters being imported, and an ever-increasing global competitive landscape as Chinese suppliers are forced to rapidly internationalize are common market challenges.
IHS Markit expects an 18% drop in inverter demand in 2018, which has suppliers moving into new, high-growth areas including storage inverters, EV charging, and digital energy services.
Photo: SMA
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