Booming China Market Creates Great Opportunities for PV Inverter Manufacturers

The Chinese PV inverter market, driven by the introduction of the national FiT, grew by over 400% in 2011 to reach more than 2.5 GW in shipments according to a new report from IMS Research, recently acquired by IHS Inc. (NYSE: IHS). The report also found that the market was highly consolidated in 2011 and the ten largest suppliers, which accounted for over 80% of shipments, included only one non-Chinese manufacturer. The strong growth of the Chinese market and the dominance of domestic suppliers will lead to Chinese manufacturers gaining significant share of the global PV inverter market, the research firm concluded.

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27 March 2012

This article referenced online at:

PV Magazine

ECN

PVTech

Renewable Energy Focus

Renewable Energy World

Solar Industry

Small Cap Network

Digitimes

Plant Engineering

China Solar Energy