Global shipments of PV inverters will reach 90GW by 2020, valuing at more than US$7.1 billion, according to GTM Research’s latest report, 'The Global PV Inverter and MLPE Landscape 2016'. This represents an average annual growth rate of 11% between 2016 and the end of the decade.
SMA’s US$20 million investment in ‘smart module’ maker Tigo Energy could help the string inverter maker to meet much-debated fire safety standards that are likely to be introduced in the US, according to one industry analyst.
