2013 global PV inverter market revenue will decline 5%

According IMSResearch recently released "2013 Global PV inverter market," the report said, is expected in 2013 global solar PV inverter market revenue will decline by 5% to $ 6.7 billion.

Although the 2013 PV inverter shipments to 34.2GW, but this year the average price of inverters worldwide will decline by 11%, resulting in inverter market revenues decline, so the inverter supplier significant challenges raised by the current They are doing their best response to shrinking profit margins and increasing competition. Even so, for the suppliers, in some areas, there are still several major growth opportunities, which will help gain inverter market recovery in 2014, and resumed double-digit growth rates.

2013 price decline will involve all aspects of electricity, which is expected to phase series inverter prices will fall 15-20 percent. Subject to many factors, the current inverter vendors are Min Lin tremendous price pressure. Although recent events inverter market several large-scale mergers and acquisitions, but due to current and emerging suppliers expand their inverters in the PV market share, in 2012 constituted an inverter suppliers continued to show differentiation trend. 2012 top ten Inverter Suppliers global market revenue accounted for only 57% of the global market in 2012 accounted for 66% of revenue.

IHS CormacGilligan PV inverter market analyst said: "The current industry is still relatively differentiation in an increasingly declining market, the strength of strong suppliers are fighting for market share with each other. 2012 a number of market demand fell sharply in 2010, the European Middle East and North Africa region accounting for the global inverter shipments 82%, is expected in 2013 accounted for more than shipments in the region will shrink to 37%, resulting in large suppliers further intensified competition, they are the most vulnerable to the impact of weak market .

In addition, the global decline in the average price of an micro grid tie inverter inverter demand has also been a regional shift, ie from Europe to China and other prices more competitive in the market. In China, the average price of the inverter has been at a relatively low level, while in 2013 China will become the largest shipments inverter market. As the market is cheap central inverter dominate, prices are expected to decline further to $ 0.09 per watt.

Power inverter gridtiepowerinverteronline strong growth in demand, usually in terms of its lower price per watt, which will also drive the global inverter prices fall, and is not limited to the Chinese market. Many large markets will continue to focus on utility-scale photovoltaic power generation system, a large inverter shipments will therefore risen.

Gilligan said that with China, the United States and India, and many other areas to develop large utility-scale projects, is expected in 2013 three-phase power inverter from global shipments accounted for more than 41% increase to 46%. The product composition will also lead to changes in the global average price fell further inverter.