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Global solar inverter markets
Global solar inverter markets
Global solar inverter markets
Global solar inverter markets
Global solar inverter markets
Global solar inverter markets
Global solar inverter markets
Global solar inverter markets
Global solar inverter markets
Global solar inverter markets
Global solar inverter markets
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Global solar inverter markets

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  • 1. Global Solar Inverter MarketsReport SummaryThe last decade witnessed an unprecedented boom in the Photovoltaic industry, leading to a rise inrenewable energy generation the world over. Rising crude oil prices and growing environmentalawareness prompted many economies to develop a cleaner alternative source of energy. Amongrenewable energy industries, the PV industry has been one of the fastest growing industries in the lastdecade with large scale installations in developed and developing economies. Since 2000, cumulativePV installations have grown at a CAGR of 35% reaching 40 GW in 2010, and we estimate the market totouch 400 GW by 2020. The majority of the installations are centered in EU countries with Germany,Italy, Czech Republic, Spain, France, Belgium and Greece constituting the major share. A series ofrestrictions by the governments and curtailing of subsidies to offset the growing budget deficits arelikely to impact future growth in EU markets. In the next decade we expect a shift in PV growthmarkets to the non-EU countries of North America (US and Canada) and Asia, led by China and India.PV components production and shipments grew in perfect correlation with the PV industry growth. Theunsustainable industry growth of the last decade resulted in a widening supply and demand gap andrising prices. Technological changes and the emergence of disruptive technologies coupled with capacityexpansions of major players led to falling prices of PV components.Our report on the PV component market has a detailed analysis on PV cells, modules, wafers, polysiliconand inverters. The main focus of the study is on PV inverters, which is currently valued between $5.5-5.8 Billion and we estimate the market to touch $7.5 Billion in 2015. This market research report alsoprovides information on historical developments in PV inverter markets as well as on growth, size,volume of business and general trends in technological developments. More Information Return on investment from solar power is higher than any other renewable energy source, thanks to large scale technological improvements which are expected to bring down the cost of power generation to $1 per watt by 2020. The payback period for a typical PV project has also come down to 3-5 years from the earlier 7-10 years.The report Global Solar Inverters Markets asserts that the cost of solar power production will decreaseby half every ten years, reaching as low as $0.50 per watt by 2030. Large scale adoption of PVtechnology and the emergence of low cost production sites in China, Taiwan and other Asian marketswould further reduce the cost of production in coming years.Solar inverters convert solar power from DC power to AC power and as such are integral devices to anygrid-tied PV installation. The PV industry has been one of the fastest growing renewable energyindustries in the last decade with large scale installations in developed and developing economies. Since2000, cumulative PV installations have grown at a CAGR of 35% reaching 40 GW globally in 2010, and
  • 2. the market is estimated to reach 400 GW by 2020. Meanwhile, the report estimates that the global PVinverters market, currently valued between $5.5- 5.8 billion, will touch $7.5 billion in 2015."During 2011-2012, we expect a short-term lull in the European Union PV market, primarily due to FiTrate cuts and regulations on farm land usage for ground mount installations," states Arun Kumar, analystand author of the report. "But this will be offset by installations in the high growth markets of NorthAmerica and Asia, and China in particular."China is the other fast growing market, which is likely to reach the 1 GW cumulative installation mark in2011. India and the rest of the Asia-Pacific region hold long-term growth potential with cleargovernment road maps for increasing the share of renewable energy generation to reach 2020 targets.The report, Global Solar Inverters Markets, covers the PV component market, with a detailed analysis onPV cells, modules, wafers, polysilicon and inverters. It also provides information on historicaldevelopments in PV inverter markets as well as on growth, size, volume of business and general trendsin technological developments.Browse here for all Energy and Power Research ReportsTable Of ContentsChapter 1 Executive SummaryMicro-invertersPower optimizersAdvantages of Micro-inverters and power optimizersWafersPolysiliconPV Cells/ModulesTable 1-1 Inverter Production Capacity 2011 (in MW)Emerging Market AnalysisChinaFigure 1-1 China PV Installations 2006 - 2015 (MW)IndiaRest of AsiaMalaysiaSouth KoreaRest of AsiaLatin America & MENA (Middle East and North Africa)Supply Demand ScenarioFigure 1-2 Polysilicon Spot Price Trends 2008 - 2015 ($/Kg)PolysiliconModulesFigure 1-3 Average Selling Price Trends, Modules 2008 - 2015 ($/Kg)Inverters
  • 3. Photovoltaic Market Assessment Table 1-2 Year on Year PV Installed Capacity, Major Countries and Rest of the world 2008-2010 (in MW) Table 1-3 Cumulate PV Installed Capacity, Major Countries and Rest of the World 2008-2010 (in MW) Growth Country Market Beyond 2010 Figure 1-4 Cumulative PV Installed Capacity of Growing Markets outside EU as of 2010 (in %) Growth Country Market Scenario USA Figure 1-5 Forecasted (Cumulative) PV Installations in US 2011 - 2015 (in MW) Canada Figure 1-6 Forecasted (Cumulative) PV Installations in Canada 2011 - 2015 (in MW) Japan Figure 1-7 Forecasted (Cumulative) PV Installations in Japan 2011 - 2015 (in MW) Australia Figure 1-8 Forecasted (Cumulative) PV Installations in Australia 2011 - 2015 (in MW) China Figure 1-9 Forecasted (Cumulative) PV Installations in China 2011 - 2015 (in MW) IndiaEuropean Union MarketTable 1-4 Modest Forecasted Installations, Country wise, EU 2008 - 2015 (in MW)Table 1-5 Accelerated Forecasted Installations, by Country, EU 2008 - 2015 (in MW)Global Market DevelopmentFigure 1-10 PV Inverter Production Growth 2006-2010 (in MW)Micro Inverters and OptimizersFigure 1-11 PV Micro Inverter Shipments 2010-2015 (in MW)Module Level Power Management SolutionsMarket TrendsPolitical SupportPV cost reductionsRisks to industry growthNorth American PV Market - USATable 1-6 PV Components production capacity, USA 2011 (in MW)Figure 1-12 US PV Inverter Market 2010 - 2015 (in MW)Figure 1-13 US PV Inverter Market (Residential) 2010 - 2015 (in MW)European Union MarketGermanyItaly Czech Republic France Belgium Spain Greece Changing tide, 2010 and beyond
  • 4. Figure 1-14 Cumulate PV cell and module installed capacity 2006-2010 (in GW) Figure 1-15 Cumulate PV cell and module shipments 2006-2010 (in GW) Figure 1-16 PV shipments of leading players 2010 (in MW) US Market Analysis China PV Production Polysilicon demand and supply scenario Figure 1-17 Polysilicon production share 2011 (MT) Regulatory Environment PV Subsidy Programs Germany Italy Table 1-7 Fourth Conta Energia (2011 - 12) Budget cost and Cumulative Installations North America Asian Countries Customer Requirements Value offerings Owning and Operation cost Asset Utilization Technology Trends Emerging Technologies Concentrator PV Technologies (CPV) Building Integrated Photovoltaics (BIPV) Competitive profiles Table 1-8 SMA Solar Technology AG Corporate Background Product and Brand Portfolio Table 1-9 SMA’s Product and Brand portfolio of PV components Performance Figure 1-18 Annual Revenues of SMA Technology AG, 2006-2010 (in million euros) Figure 1-19 Inverter Sales of SMA Technology AG, 2006-2010 (in MW) Company News Acquisitions Outlook Personnel ChangesChapter 2 Photovoltaic Components - Industry, Markets and TrendsPhotovoltaic invertersMicro-invertersPower optimizersAdvantages of Micro-inverters and power optimizersIslandingWafersPolysiliconPV Cells/Modules
  • 5. Cost BreakoutTable 2-1 Inverter Production Capacity 2011 (in MW)Emerging Market AnalysisChinaFigure 2-2 China PV Installations 2006 - 2015 (MW)Figure 2-3 China PV Cell Production 2005 - 2010 (MW)Figure 2-4 China Solar Inverter Shipments 2010-2015 (in GW)IndiaFigure 2-5 India Solar Insolation Levels Rest of Asia Malaysia South Korea Rest of Asia Latin America & MENA (Middle East and North Africa) Supply Demand Scenario Polysilicon Modules Figure 2-6 Polysilicon Spot Price Trends 2008 - 2015 ($/Kg) Figure 2-7 Average Selling Price Trends, Modules 2008 - 2015 ($/Kg) 57 Inverters Demand LandscapeChapter 3 PV Industry and Inverter MarketsPhotovoltaic Market AssessmentTable 3-1 Cost of Solar Electricity Generation 2010 - 2030 (in USD/W)Table 3-2 Module and cell efficiency (in %)Source: International Energy Agency [IEA], Photovoltaic Power Systems Program.Table 3-3 Year on Year PV Installed Capacity, Major Countries and Rest of the world 2008-2010 (in MW)Table 3-4 Cumulate PV Installed Capacity, Major Countries and Rest of the world 2008-2010 (in MW)Figure 3-1 Cumulate PV Installed Capacity, Major Countries and Rest of the world 2008-2010 (in MW)Growth Country Market Beyond 2010Figure 3-2 Cumulative PV Installed Capacity of Growing Markets outside EU as of 2010 (in %)Growth Country Market ScenarioUSAFigure 3-3 Forecasted (Cumulative) PV Installations in US 2011 - 2015 (in MW)CanadaFigure 3-4 Forecasted (Cumulative) PV Installations in Canada 2011 - 2015 (in MW)JapanFigure 3-5 Forecasted (Cumulative) PV Installations in Japan 2011 - 2015 (in MW)AustraliaFigure 3-6 Forecasted (Cumulative) PV Installations in Australia 2011 - 2015 (in MW)ChinaFigure 3-7 Forecasted (Cumulative) PV Installations in China 2011 - 2015 (in MW)India
  • 6. European Union MarketEU Market Beyond 2010Figure 3-8 Cumulative PV installations break up, EU (Cumulative) 2010Figure 3-9 Forecasted Cumulative Installations, EU (Modest and Accelerated Scenario) 2011 - 2015 (inMW)Table 3-5 Modest Forecasted Installations, Country wise, EU 2008 - 2015 (in MW)Table 3-6 Accelerated Forecasted Installations, by Country, EU 2008 - 2015 (in MW)Table 3-7 NREAP Targets and Percentage Share 2015 - 2020 (in MW)World Market Beyond 2010Table 3-8 World Market 2011 - 2015 (in MW)Figure 3-10 Share of EU, Based on Modest Growth 2010 - 2015 (in %)Figure 3-11 Current and Forecasted Share of World Market in PV Installations (Cumulative) 2010 V/s2015 (in %)Figure 3-12 PV Inverter Production Growth 2006-2010 (in MW)Table 3-9 Inverter Supply and Demand 2009 - 2011 (in GW)Global Market DevelopmentFigure 3-13 PV Inverter Market Size 2009-2011 (USD Bn)Micro Inverters and OptimizersFigure 3-14 PV Micro Inverter Shipments 2010-2015 (in MW)Figure 3-15 Forecasted PV Inverter Shipments, Modest & Accelerated Scenario 2011 - 2015 (in GWunits)Figure 3-16 PV Inverter Shipments - annual growth under moderate scenario 2010 - 2015 (in GW units)Module Level Power Management SolutionsTable 3-10 Average Selling Price Forecast for MLPM 2010 - 2015 (in US$/Watt)Figure 3-17 PV Revenue Growth 2005 - 2010 (in USD Billions)Market TrendsFigure 3-18 PV Inverter Growth Projections 2015 - 2020 (in GW)Political SupportPV cost reductionsRisks to industry growthTable 3-11 Efficiency Road Map 2020 & 2030/50 (in %)Figure 3-19 Average Selling Price Forecast for MLPM 2010 - 2015 (in US$/Watt)Geographic AnalysisTable 3-12 Average Growth Rate, Forecasted Capacity and IEA road map comparison 2011 - 2020 (in%)Figure 3-20 Cumulative PV growth under Moderate and Accelerated Scenarios 2011 - 2020 (in GW)North American PV Market - USATable 3-13 PV Components production capacity, USA 2011 (in MW)Figure 3-21 US PV Inverter Market 2010 - 2015 (in MW)Figure 3-22 US PV Inverter Market (Residential) 2010 - 2015 (in MW) 90European Union MarketGermanyFigure 3-23 PV Installations, Germany (Modest & Accelerated Scenario) 2010 - 2015 (in GW)
  • 7. Figure 3-24 PV Inverter Production, Germany 2011 - 2015 (in GW) Figure 3-25 PV Installations break out by wattage, Germany 2010 Italy Figure 3-26 PV Installations, Italy (Modest & Accelerated Scenario) 2010 - 2015 (in GW) Table 3-13 Conto Energia IV Highlights 2011 - 12 Czech Republic France Belgium Spain Greece Table 3-14 PV Installations, Rest of EU 2008 - 2010 (in GW)Chapter 4 PV Inverter and Components (Cell and Modules) Industry TrendsPV Inverters Industry OverviewChanging tide, 2010 and beyondPV Inverter ComponentsPV cellsModulesThin filmsProduction and Shipment Trends of PV Components (Cells & Modules)Figure 4-1 Cumulate PV cell and module installed capacity 2006-2010 (in GW)Figure 4-2 Cumulate PV cell and module shipments 2006-2010 (in GW)Figure 4-3 PV shipments of leading players 2010 (in MW)Figure 4-4 Price trends of PV modules and cells 2008 - 2011 (USD/watt)US and China Market Analysis, PV components US Market Analysis Figure 4-5 PV cell and module shipments 2005-2020 China PV Production Polysilicon demand and supply scenario Figure 4-8 Price trends of Polysilicon 2008 - 2011 (USD/Kg) Figure 4-9 Polysilicon production share 2011 (MT) Regulatory Environment PV Subsidy Programs Germany Italy North America Asian Countries Customer Requirements Value offerings Owning and Operation cost Asset Utilization System Yield Other Requirements Technology Trends
  • 8. Thin FilmsCrystalline Silicon (c-Si)Table 4 - 4 c-Si efficiency trendsEmerging TechnologiesConcentrator PV Technologies (CPV)Building Integrated Photovoltaics (BIPV)Disruptive TechnologiesMonitoring SystemsChapter 5 Competitive ProfilesSMA Solar Technology AGCorporate BackgroundProduct and Brand PortfolioTable 5-1 SMA’s Product and Brand portfolio of PV componentsPerformanceFigure 5-1 Annual Revenues of SMA Technology AG, 2006-2010 (in million euros)Figure 5-2 Inverter Sales of SMA Technology AG, 2006-2010 (in MW)Company NewsAcquisitionsOutlookPersonnel ChangesKACO New Energy, Inc.Corporate BackgroundProduct and Brand PortfolioTable 5-2 KACO’s Product and Brand portfolio of PV componentsCompany NewsPartnershipsOutlookPower - OneCorporate BackgroundProduct and Brand PortfolioTable 5-3 Power-One Product and Brand portfolio of PV componentsPerformanceFigure 5-3 Sales revenue trend of Power-One, 2008-2010 (in $ Mn)Company NewsAcquisitionsOutlookPersonnel ChangesDanfoss SolarCorporate BackgroundProduct and Brand PortfolioTable 5-4 Danfoss Product and Brand portfolio of PV componentsPerformance
  • 9. Figure 5-4 Sales revenue trend of Danfoss, 2007-2010 (in DKK Mn)OutlookPersonnel ChangesAdvanced EnergyCorporate BackgroundProduct and Brand PortfolioTable 5-5 Advanced Energy Product and Brand portfolio of PV componentsPerformanceFigure 5-5 Sales revenue trend of Advanced Energy, 2008-2010 (in $ Mn)Company NewsAcquisitions and DiversificationOutlookPersonnel ChangesSuntech PowerCorporate BackgroundProduct and Brand PortfolioTable 5-6 Suntech Power Product and Brand portfolio of PV componentsPerformanceFigure 5-6 Sales revenue trend of Suntech Power, 2007-2011E (in $ Mn)Figure 5-7 PV Shipments of Suntech Power, 2007-2011E (in MW)Company NewsJoint Ventures and PartnershipsOutlookPersonnel ChangesFirst SolarCorporate BackgroundProduct and Brand PortfolioTable 5-7 First Solar Product and Brand portfolio of PV componentsPerformanceFigure 5-8 Sales revenue trend of First Solar 2007-2011E (in $ Bn)Figure 5-9 Growth in production capacity, First Solar 2005-2012E (in MW)Figure 5-10 Decreasing manufacturing cost, First Solar 2006-2010 (in $/watt)Company NewsAcquisitionsOutlookPersonnel ChangesJA SolarCorporate BackgroundProduct and Brand PortfolioTable 5-8 JA Solar Product and Brand portfolio of PV componentsPerformanceFigure 5-11 Sales revenue trend of JA Solar 2006-2010 (in RMB mn)Company News
  • 10. AcquisitionsOutlookPersonnel ChangesTrina SolarCorporate BackgroundProduct and Brand PortfolioTable 5-9 Trina Solar Product and Brand portfolio of PV components 160PerformanceFigure 5-12 Sales revenue trend of Trina Solar 2006-2010 (in $ Bn)Company NewsPartnershipsOutlookPersonnel ChangesYingli SolarCorporate BackgroundProduct and Brand PortfolioTable 5-10 Yingli Solar Product and Brand portfolio of PV componentsPerformanceFigure 5-13 Sales revenue trend of Yingli Solar 2007-2010 (in $ Bn)Company NewsJoint VenturesOutlookSatconCorporate BackgroundProduct and Brand PortfolioTable 5-11 Satcon Solar Product and Brand portfolio of PV componentsPerformanceFigure 5-14 Sales revenue trend of Satcon 2006-2010 (in $ Mn)Company NewsPartnershipsOutlookPersonnel ChangesSunpowerCorporate BackgroundProduct and Brand PortfolioTable 5-12 Sunpower Solar Product and Brand portfolio of PV componentsPerformanceFigure 5-15 Sales revenue trend of Sunpower Corporation 2006-2010 (in $ Bn)Company NewsAcquisitionsOutlook
  • 11. Latest Research Reports:  Heart Failure (HF) Therapeutics - Pipeline Assessment and Market Forecasts to 2018  Eczema Therapeutics - Pipeline Assessment and Market Forecasts to 2018  Epilepsy Therapeutics - Pipeline Assessment and Market Forecasts to 2018  Growth Hormone Deficiency (GHD) Therapeutics - Pipeline Assessment and Market Forecasts to 2018  Hepatitis B Vaccines - Pipeline Assessment and Market Forecasts to 2018  Heart Failure (HF) Therapeutics - Pipeline Assessment and Market Forecasts to 2018  Insomnia Therapeutics - Pipeline Assessment and Market Forecasts to 2018About Us:ReportsnReports is an online library of over 100,000+ market research reports and in-depth marketresearch studies & analysis of over 5000 micro markets. We provide 24/7 online and offline support toour customers. Get in touch with us for your needs of market research reports.Follow us on Twitter: http://twitter.com/marketsreportsContact:Mr.Priyank7557 Rambler road,Suite727,Dallas,TX75231Tel: + 1 888 391 5441E-mail: sales@reportsandreports.comhttp://www.reportsnreports.comVisit our Market Research Blog

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