[The Vector] PV Inverter Demand Booming – For Now
PV - inverters have created a production bottleneck. Picture source: Mhassan abdollahi
In 2010 producers are expected to ship 13.9 GW of inverters – an increase of more than 66% – and the growth would be even greater if a sever component shortage was not limiting inverter production. Prices are expected to stabilize despite the dramatic output growth. 14.6 GW of new PV capacity are expected to be added worldwide in 2010 says The World Market for PV Inverters – 2010’, published July 2010. The figures are based on surveys of inverter suppliers undertaken by IMS Research, together with estimates of demand in 40 countries around the globe.
The development of utility-scale solar plants is changing the shape of the market for PV inverters. Here’s how: