NEW YORK, Nov. 7, 2016 /PRNewswire/ -- As the core device of PV system, PV inverter can convert DC to AC. PV inverters are divided into on-grid inverters and off-grid inverters.
In 2015, the global PV inverter shipment hit 56.0GW, a year-on-year surge of 44.7%, mainly thanks to rapidlygrowing demand in the United States and China. The global PV inverter shipment is expected to be 66.0GW in 2016 and over 90GW in 2020.
China is a major PV inverter market in the world. In 2015, its PV inverter shipment reached 26.5GW, accounting for 47.3% globally and soaring by 99.2% over the previous year. In 2016-2020, China's PV inverter shipment is expected to show a CAGR of about 13.0%.
In recent years, PV inverter prices have shown a ceaselessdownward trend in the wake of the decline in PV power generation prices. In 2015, the average price of centralized inverter in China fell to 0.2 Yuan/W, and the string inverter price 0.5 Yuan/W or so. In the short term, the prices will keep dropping.
The development of PV inverters mainly relies on the construction of PV power plants. In 2015, Chinese PV power plants added 15.16 million kilowatts of installed capacity, of which ground PV power plants accounted for 90.6% and distributed PV power plants 9.4%. Distributed power plants can not only take advantage of the surface of buildings, but also act as effective interfaces between smart grid and micro grid, so they are encouraged by national policies; in 2020, the installed capacity will reach 70GW.
World renownedPV inverter manufacturers include Germany-based SMA, Switzerland-based ABB, Israel-based SolarEage, Japan-based TMEIC, China-based Huawei, Sungrow Power Supply, TBEA, etc. In 2015, Huawei ranked first by PV inverter shipment, while SMA was the champion by sales.
CR5 of the highly concentrated Chinese PV inverter market was up to 81.9% in 2015. Wherein, Huawei ranked first in China with 30.2% market share.
SMA's PV inverters have a wide power range from 700W to 1,120MW. In 2015, its PV inverter shipment amounted to 7.3GW, representing a 43.7% increase over the same period of last year.
Huawei entered the PV field in 2012 and became the largest PV inverter manufacturer by shipment in China and the world in 2015. In January 2016, the company decided to cooperate with Sino-American Silicon Products Inc. in the field of solar PV inverters.
Sungrow Power Supply Co., Ltd. shipped 8.9GW of PV inverters in 2015, including 7.73GW in China. In May 2016, it launched China's first integrated medium-voltage system -- 3MW SG3000HV-MV box-type medium-voltage inverter in Shanghai.
Shenzhen KSTAR Science and Technology Co., Ltd. decided to set up Anhui Kstar Science and Technology Co., Ltd. in June 2016, and planned to build at least 300MW PV inverter and electric vehicle charging facilities as well.
Global and China Photovoltaic Inverter Industry Report, 2016-2020 by ResearchInChina mainly cover the followings:
Market size, market structure, supply and demand, market prices and competitive landscape of the global PV inverter industry;
Market environments, market size, supply and demand, market structure, market prices, competitive landscape and development factors of China PV inverter industry;
Market overview, market size and market structure of main PV inverter upstream industries (IGBT, transformer, integrated circuit, resistor, capacitor, etc.) and downstream applications (PV power plants, etc.);
Operation, layout in China, revenue structure and PV inverter business of 12 foreign and 17 Chinese PV inverter companies.
Read the full report: http://www.reportlinker.com/p0512467-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-and-china-photovoltaic-inverter-industry-report-2016-2020-300358789.html