WELLINGBOROUHG, UK, July 25, 2008. According to
IMS Research, the global solar
inverter market is projected to grow by more than 40% in 2008 driven
primarily by continued strong demand from both Germany and Spain.
Next year is expected to see slight growth as feed-in-tariffs (FiTs) are cut in Germany and Spain. However, revenue from solar inverters is forecast to exceed US$2 billion by 2010.
“By the end of 2008, the global PV inverter market will have more than doubled from its 2006 size”, Says Ash Sharma, Research Director at IMS Research. “Demand is still very high for solar inverters, however with cuts in tariffs in Germany already agreed and uncertainty in Spain, market growth in 2009 will be very much dependent upon what happens to module pricing.”
The three-phase central inverter market is forecast to perform well over the next five years, driven by large-scale PV plants that are planned globally, whilst demand from residential and small-scale commercial systems will ensure that the single-phase market continues to expand.
The report from IMS Research has collected and analysed sales data from leading solar inverter suppliers worldwide to create a detailed assessment of the global market today, and its likely future development.
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