Advanced Energy Industries (AEI) has achieved the highest overall market share in North America for its solar photovoltaic inverter products at the end of the first six months of 2010, according to IMS Research. Including its Solaron and PV Powered inverter product lines, AEI now holds a 24% share in the region, which is a two-fold increase over the past two years.
Dr. Hans Betz, CEO of Advanced Energy said, “Our number one market share position represents a critical milestone for our inverter business. Our performance over the past year has been bolstered by both the introduction of innovative new products, as well as an acquisition strategy. Advanced Energy now offers customers a complete portfolio of inverter solutions to address the entire power range needs of the market. We are committed to continuous innovation in this space, as we continue to expand our product portfolio and capabilities for our customers.”
Ash Sharma, PV research director for IMS Research said, “The second quarter for 2010 was a record quarter for the PV inverter market with an estimated 4.9GW shipped worldwide. This was almost four times the amount shipped in the second quarter of 2009, and 53% higher than the previous quarter. We saw strong demand across all regions, and shipments to the Americas doubled on a year-over-year basis. Advanced Energy now ranks number one in our Americas market rankings report for the first and second quarters of 2010.”