SMA Solar Technology controls 33 percent of the solar inverter market, says IMS Research

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In
a new report on the solar inverter market from IMS Research, revenues
are projected to double in less than four years as a consequence of the
continued fast-paced expansion of the photovoltaics industry.

The market is led by SMA Solar Technology, according to IMS Research, controlling 33 percent of the global solar inverter market in 2007. The company is more than three times the size of its nearest competitor.

“This leading position may seem particularly attractive to potential investors, given SMA’s position today in a number of regional markets, coupled with the tremendous market growth projected for the future,” commented Ash Sharma, Research Director and report analyst at IMS Research.

The next five largest inverter suppliers were Fronius, Ingeteam, Kaco, Sputnik and Xantrex, holding a combined revenue share of 35 percent in 2007, the market research firm said.

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