Report: PV inverter market shone in 3Q

Shipments of photovoltaic inverters topped a record in 3Q09 after stalling earlier in the year, with particular strength in Germany, according to data from UK-based market research firm IMS Research.

November 20, 2009 – Shipments of photovoltaic inverters topped a record in 3Q09 after stalling earlier in the year, with particular strength in Germany, according to data from UK-based market research firm IMS Research.

Global sales of PV inverters topped €600M in the quarter (equating to about 2.5GW shipped), nearly twice as much as 2Q and 30% higher than 3Q08, the firm notes. Nearly half those shipments (>1.2GW) went to Germany alone, almost twice as much as the previous two quarters combined.

Sam Wilkinson, PV research analyst at IMS Research, said in a statement that the hot demand is expected to continue through year’s end, as rapidly falling module prices and improved financial conditions lure investors back to the PV sector (And in Germany, the clock is ticking to get systems connected before the feed-in tariff is reduced on Dec. 31.) In fact, demand is strong enough that concerns are raised about availability of components including converters, with backlogs stretching beyond 1Q10.

The plunge in panel prices hasn’t quite translated over to this component sector, though — inverter prices have only dipped about -10% in the past year. SMA Solar Technology still dominates the sector, and picking up some marketshare in 3Q (now at >40%); it shipped the equivalent of >1GW of inverters during the third quarter.

No posts to display