Domestic suppliers to strengthen control over the booming Chinese inverter market

Polaris solar PV net news: according to IHS, PV inverter market last year grew by more than 100% in China, domestic enterprises occupy the top the list.

The market research firm’s 2014 PV inverter market report said inverter sales last year, China’s rapid growth has seen rapid growth in revenues from $ 400 million in 2012, to $ 800 million.

Chinese suppliers are one of the main beneficiaries, for two consecutive years top ten totally occupied by domestic companies.

IHS supplier of top ten Chinese inverter

Fourth consecutive year in the top spot is on Sun power (Sungrow), 2013, its market share with 30%.

Five other big suppliers for the TBEA Xinjiang new energy (TBEASunoasis), Emerson Network power (EmersonNetworkPower), Zheng Tai (Chint) and Crestec (KStar).

But IHS said, the fact that these companies enjoy less than 4% market share, China inverter manufacturers face a difficult business environment.

IHS says: “local companies competitive, complex business environment and low pricing caused a lengthy loan conditions, or prevent them from successfully gain a considerable market share, or force them to focus on other areas. ”

However, IHS said the rapidly growing demand in the next few years China will PV inverter market produced strong growth in shipments by 2018 is expected to reach 18GW.

Utility scale PV projects accounted for about 93% inverter revenues last year, but IHS said, distributed PV market will become increasingly important for inverter supplier.

By 2018 to China and high power three-phase inverter shipments expected

China recently set up a 8GW distributed PV target for 2014. IHS said despite the slow start meant only 4GW will be building, the distributed system for inverter supplier, will become an increasingly important market, prompted the shift to a low-power inverter.

PV IHS senior market analyst FrankXie said: “experienced several years of large ground in remote areas of the country after installing utility-scale projects substantial growth, China has already begun to pay greater attention to the development in these areas with high power requirements of distributed rooftop solar. ”

Xie added that growing demand for smaller inverters will result in 2014 and 2015, photovoltaic inverter supplier ranking changes.

Xie concluded: “despite the small string inverters will account for a growing share of the market, but IHS predicted, large central inverters will continue to become the mainstream of utility-scale PV systems in China, due to its low upfront costs and fewer connection points. Projected 2018, high power inverter shipments will account for the system 80%.

Original title: domestic suppliers to strengthen control over the booming Chinese inverter market

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