Market & Policy  |   Project & Contract  |   Technology & Product  |   Corporate News  |   Product News  |
  Cell & Module  |   Production & Inspection  |   Component & Power  |   Solar Material  |
  Worldwide  |   Europe  |   North America  |   APAC  |   Others  |
  Cell & Module  |   Production & Inspection  |   Component & Power  |   Solar Material  |
  Cell & Module  |   Production & Inspection  |   Component & Power  |   Solar Material  |   Agent & Dealer  |
  Free Event Listing
  2012 JUN Issue   |   What is Digital Magazine?  |  How to use  |  Archives  |  Subscription  |  iPad / Mobile  
  Tigo Energy

20% More Energy

Market & Policy

Project & Contract

Technology & Product

Corporate News

Product News

<JUN, Issue, 2012>
Cover Story :
DEGER equips two solar parks in Bosnia-H...
Table of
Market & Policy

Home > News > Market & Policy

PV microinverters & power optimizer revenues to grow over 100% per year

Solar microinverters and DC-DC power optimizers are forecast to generate more than US$1.5 billion in revenues over the next five years, according to IMS Researchs recently released report on the rapidly emerging market. Shipments of the devices are forecast to grow over 100% per year and will total more than 16 million in the same period.

According to a recently released report Microinverters & Power Optimizers - Success Analysis, Forecasts and Profiles, in excess of 16 million microinverters and power optimizers will be shipped in the next five years, generating revenues of more than US$1.5 billion for the suppliers of the devices. Yet despite shipments growing at more than 100% on annum, they are forecast to be utilized in less than 10% of the global PV installations in 2014.

Both microinverters and power optimizers are possible solutions for PV installations that suffer from shading or orientation problems, which is where IMS Research predicts they will see greatest uptake. However other possible advantages include the enhanced monitoring and communications, simpler installation, higher energy yields, and increased reliability by removing the single failure point of a central inverter.

IMS Research predicts the devices will be most successful in residential and small commercial installations which will account for more than 80% of shipments; only power optimizers will be taken up in quantity in larger installations, since they do not eliminate the large centralized inverter, which would be essential for large-scale projects.

IMS Researchs Photovoltaics Research Director Ash Sharma commented, With any industry growing as rapidly as photovoltaics, there are huge opportunities available; we predict very rapid growth in the market for microinverters and power optimizers. Although we dont see them being used in every installation type, the PV market still offers substantial opportunity for growth for suppliers of the products. Although last year there was only one supplier shipping any significant volume--Enphase Energy--that is all about to change; soon more than a dozen suppliers will be serving the growing market and even market leader SMA now has a microinverter platform following its acquisition of OKE, Sharma added.

Enphase Energy is currently the only supplier shipping significant volumes of microinverters; however, IMS Research identified around 15 suppliers set to enter the market. Enphase Energy shipped more than a hundred thousand microinverters last year. If market share rankings were based on units shipped it would have been ranked the second largest supplier to the global PV inverter market.



For more information, please send your e-mails to pved@infothe.com.

2010 www.interpv.net All rights reserved.





     German solars up 2010 view, cautious on 2011

     Funds to be raised for the solar electrification of health clinics in Haiti

Portable solar ...
Polyurethane fo...
Wire Bonding Ma...
Home l New Product Showcase l Gold Suppliers l Trade Shows l email Newsletter l About InterPV l Help l Site Map l Partnerships l Privacy Policy
Publisher: Choi Jung-sik | Edited by: Lee Sang-yul | Youth Protection Officer: Lee Sang-yul
Copyright Notice 2004-2007 www.interpv.net Corporation and its licensors. All rights reserved.