Subscribe free to our newsletters via your
. Solar Energy News .




SOLAR DAILY
US and Japan to account for almost half of global solar PV inverter revenue
by Staff Writers
Wellingborough UK (SPX) Feb 17, 2015


illustration only

The United States and Japan will remain the only two PV inverter markets with annual revenues exceeding $1 billion in 2015 and 2016. IHS predicts that global PV inverter revenue for 2015 and 2016 combined will reach $13.2 billion, and that Japan and USA will account for 25 percent and 21 percent, respectively, of this. The global PV inverter supplier base has been placed under pressure in recent years by intense price pressure caused by slowing demand, over-capacity and a plethora of new entrants.

As a result, global suppliers are highly focused on building a strong position in these two key markets to capitalise on revenue opportunities. Despite China being the largest market in terms of shipment volume, low prices and extremely challenging business conditions have made it a lower focus for global suppliers, with this market accounting for just 14 percent of 2015 and 2016 global revenues in comparison.

Japan became the largest PV inverter market by revenue in 2013, and is predicted to remain so until at least 2018. The market grew by over 140 percent in 2013 as an attractive feed-in tariff resulted in a huge acceleration of the residential market and the dawning of a GW-scale market for commercial and utility-scale systems.

Although the enormous demand that Japan has seen and high prices that it commands have made it extremely attractive for international suppliers to enter, it has remained dominated by domestic suppliers due to a strong preference for local products and complex certification requirements.

The combined shipments of the three largest suppliers, Omron, Tabuchi and TMEIC increased by 60 percent during the first 3 quarters of 2014, versus the same period of 2013, and accounted for over half of total shipments to Japan.

However, some Western suppliers such as Schneider Electric and ABB are starting to reap the rewards of their investment in the market and their position as major global companies, as their shipments to Japan have grown significantly throughout 2014. To date they have mainly been focused on shipping large central inverters for the booming utility-scale market.

The United States, which was the only market to exceed $1 billion in annual revenue each year for the last three years, has also attached the focus of most suppliers and proved far more accessible than Japan. A robust utility-scale pipeline, and strong incentives and financing models in the residential and commercial sector have resulted in USA delivering robust year-on-year growth whilst many other markets proved to be extremely volatile.

The large number of European and Asian suppliers that have made establishing themselves in the United States a priority has led to the supplier base continuously evolving. Notably, two Japanese suppliers appeared amongst the ten largest suppliers to the United States, based on revenues for the first 9 months of 2014, TMEIC and Yaskawa (via its acquisition of Solectria). Israel based Solaredge has also made a significant improvement in its position and was the fifth largest supplier in that period, largely helped by its supply agreement with SolarCity.

Whilst these two markets present the largest opportunity for PV inverter suppliers over the next two years, IHS also highlights that both markets are predicted to decline in size in the future.

Japan is predicted to decline in 2016 as feed-in tariff reductions and grid-connection delays for utility-scale systems cool the market. A decline is also predicted for the United States in 2017, due to the scheduled expiration of the federal Investment Tax Credit (ITC). Whilst there is currently speculation that the ITC could be extended, most large projects are aiming to complete before end of 2016, which will cause a slowdown in 2017.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links
IHS Technology
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SOLAR DAILY
Synthesized material enables plasmonic devices in mid-infrared range
Raleigh NC (SPX) Feb 17, 2015
A research team led by North Carolina State University has identified and synthesized a material that can be used to create efficient plasmonic devices that respond to light in the mid-infrared (IR) range. This is the first time anyone has demonstrated a material that performs efficiently in response to this light range, and it has applications in fields ranging from high-speed computers, to sol ... read more


SOLAR DAILY
Electricity from biomass could make western US carbon-negative

Second Generation Biofuels Market is Expected to Reach $23.9 Billion

Understanding air pollution from biomass burners used for heating

Biologists partner bacterium with nitrogen gas to make cleaner bioethanol

SOLAR DAILY
HAPTIX Starts Work to Provide Prosthetic Hands with Sense of Touch

Talking Japanese space robot back on Earth

IBM brings Watson supercomputer to Japan via SoftBank

Human insights inspire solutions for household robots

SOLAR DAILY
Wind energy: TUV Rheinland supervises Senvion sale

Bright spot for wind farms amid RET gloom

Allianz acquire OX2 wind farm in northern Sweden

No surprises for wind industry in NHMRC report

SOLAR DAILY
Study recommends EPA labels on cost of traditional vs. hybrids, EVs

More electric car charging points in Japan than gas stations

Mercedes to recall over 127,000 vehicles in China: govt

French automaker PSA cuts losses after ownership change

SOLAR DAILY
New NIST tools to help boost wireless channel frequencies and capacity

Researchers build atomically thin gas and chemical sensors

Researcher first to observe 'god particle' analogue in superconductors

Corvus Energy orders two new battery hybrid LNG ferry systems

SOLAR DAILY
Rosatom on schedule to deliver new units for Hungary's Paks NPP

Taiwan seeks to export nuclear waste overseas

Russia, China to Enhance Cooperation in Nuclear Energy Sector

Post-Fukushima Flooding Hazard Re-evaluation Lessons Learned

SOLAR DAILY
India's Modi says energy pledge not based on foreign pressure

Climate summit hosts press India on emissions

Russia and DPRK May Develop $20-30 Billion Power Grid Project

Patents provide insight on Wall Street 'technology arms race'

SOLAR DAILY
Colombia seeks 'environmental corridor' across Andes, Amazon

Canada goes to WTO in China wood pulp row

Long-term changes in dead wood reveal new forest dynamics

Elephant patrols seek to protect Indonesia's rainforests




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.