Solar inverter shipments reach record high, hitting 4.9GW in second quarter, says IMS Research

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Solar inverter shipments hit 4.9GW in the second quarter of this year, a whopping 284% increase from the same period in 2009, according to a new report from IMS Research. The firm said that more than half of these shipments went to installations in Germany, which grew by 388% during the quarter, pushing total shipments up to more than 8GW for the first six months of 2010—a threefold increase over the same period last year.

The EMEA region accounted for around 90% of inverter shipments in the second quarter, growing by more than 300% over the previous year, the research company noted. The Americas market also doubled in size.

All regions recorded impressive growth, generating around €1.5 billion in revenues for inverter suppliers. The inverter shipment totals for the first half of 2010—>8GW—were similar to the numbers for all of 2009.

“Records continue to be broken in the PV market, and Q2’10 was no different,” said Ash Sharma, IMS PV research director. “The 4.9GW of inverters shipped made it the largest quarter on record and 30% higher than the previous record of 3.7GW shipped in Q4’09.”

“Shipments of 8GW in the first six months of the year appear to support IMS Research’s prediction of close to 15GW of new PV installations in 2010, with Q3 and Q4 both expected to be strong quarters for suppliers,” he added.

Although MW shipments grew 284% in Q2, revenues increased 165% because of a 30% drop in inverter prices, the firm’s study revealed. Despite extraordinarily high demand amid tight supply, inverter prices fell for the fifth consecutive quarter. Much of this decline can be attributed to a continuing shift toward larger inverters, which have an inherently lower price per watt.

With the market being affected both by extremely high demand and also production issues, IMS expects to see major changes in the market share of suppliers. It estimates that market leader SMA’s market share dropped by 5% in the second quarter, while Power-One became the biggest share gainer, increasing its slice by more than 6%.

18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.
20 October 2021
The race is on but we need to sprint… With global climate talks fast approaching and time running out to prevent the most disastrous impacts of climate change, now is the time to act. The Summit will explore the opportunities that emerge from taking action on climate change and provide a clear pathway forward for governments, citizens and companies. Taking place just 10 days before the G20 meeting in Rome, on 30-31 of October, and in the lead up to the critical COP26 meeting in Glasgow from 31 October–12 November, this event will be instrumental in influencing ambitious global action.
10 November 2021
The solar tracker market continues to mature at breakneck speed, with designs and component selections becoming ever-more complex in the pursuit of better project economics. But a more simplistic design could deliver a triple benefit of lower Capex, EPC and Opex costs. This webinar will set out the ideal single axis tracker design for utility-scale solar farms. The design leapfrogs from decades of experience, with a comprehensive understanding and attention to the three cost structures of Capex, EPC and Opx. Sun and Steel Solar has prototyped a single axis tracker designed to deliver up to US$0.03/W in real savings compared to existing single axis trackers on the market. That’s US$30 million for every gigawatt deployed.
15 November 2021
The 10th edition of the famous Metallization and Interconnection Workshop, MIW2021, will take place in the Thor Central venue in Genk, Belgium, on Monday, November 15, and Tuesday, November 16, 2021 as a face-to-face meeting. We are longing for direct exchange of knowledge and ideas after a long time. Hopefully you can be part of it! But of course, the organizors will keep an eye on the evolution of the Covid pandemic. It will be assess carefully, whether the workshop can be held without major risks or excessive restrictions. We are looking forward to exciting talks, discussions and meetings and to welcoming you in Genk!

Read Next

October 15, 2021
US residential solar financier GoodLeap has raised US$800 million to expand into the broader market for sustainable home improvement, other carbon-reducing products and later commercial offerings and electric vehicles (EVs).
October 15, 2021
Doral Renewables has broken ground on the 1.65GWdc Mammoth Solar project in Indiana, set to be the US’ largest solar farm once complete.
October 15, 2021
European renewables investment management firm Greencoat Capital has confirmed its entry to the US renewables market and is plotting to invest up to US$5 billion over the next five years.
October 15, 2021
The European Commission (EC) has urged member states to accelerate solar deployment in order to tackle Europe’s rising electricity prices and has released a ‘toolbox’ to address the short-term impact of prices and strengthen resilience against future shocks
October 14, 2021
Europe’s most competitive renewable power purchase agreement (PPA) offers rose 8% quarter-on-quarter as Europe’s worsening energy crisis bites, according to US firm LevelTen Energy’s Q3 2021 PPA Price Index report.
October 14, 2021
JinkoSolar has laid claim to a new n-type monocrystalline silicon solar cell conversion efficiency record, taking that efficiency rating to 25.4%.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 19, 2021
Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021