The inverter supplier top 10 is seeing a rapidly increasing Asian presence.
According to a new analysis from IHS Technology, the number of Asian companies in the top doubled last year, with four from China and Japan.
IHS says the Chinese and Japanese markets combined represented 35 percent of global PV inverter revenue in 2013; growing substantially from just 12 percent in 2011.
Global PV Inverter Supplier Rankings 2013
1. SMA
2. ABB (including Power-One)
3. Omron
4. TMEIC
5. Sungrow
6. Advanced Energy
7. Tabuchi
8. Schneider Electric
9. Enphase Energy
10. Kaco
China-based inverter manufacturer Sungrow shipped over 2 gigawatts of inverters in the final quarter last year; most of which were used in China’s domestic market. Sungrow solar inverters are also making their presence felt in Australia; particularly in home solar power installations.
Japanese suppliers Omron, TMEIC and Tabuchi also appeared in the top 10 for 2013; boosted by the rapid uptake of solar power systems in Japan where installations are estimated to have grown nearly threefold in the last year and representing 17 percent of global demand.
IHS states while local markets for each of the major four Asian suppliers in the top 10 has seen them achieve substantial share in global market revenues, “all have minimal sales outside of their home markets.”
Among the industry giants, IHS says Power-One remained the second largest supplier in 2013 and further closed the gap between itself and the global leader, SMA.
“Its acquisition by ABB now also gives it significant financial strength, vast existing international operations and a highly bankable brand name, which will place it well for future success,” said Sam Wilkinson, solar research manager at IHS.
More information can be found in this summary of the report, “PV Inverter World Market Report – 2014“.
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