PV Inverters: in a few years, European companies will no longer be world leaders

Asian, U.S. and emerging economies markets continue to growth: contraction in the European market, strong development for the micro inverters.

The PV inverters’ market is inverting more and more towards the eastern economies of China and of the South-East of Asia and towards the emerging markets of South America, India and Africa.

This is what emerges from a research carried out by the GTM Research of Boston: according to the survey, the market generated by the inverter is expanding globally to the detriment of historic European companies that do not diversify their business.

The Old Continent still confirms itself at the top among the manufacturers of inverters, but the investigation of the research agency requires a market reversal from 2015.

Inverters are an important component in the photovoltaic sector and developments generated by the inverter technology have recently contributed to the planning of optimization systems and of energy network support.

The technology related to the inverter is very attractive and will continue to summon large investors with particular attention to long-term project.

The GTM Research survey, based on facts from 2011 to 2016, analyzed the world's largest manufacturers of inverter according to the range of products offered, the growth estimates and bankability of the company. The results see the historical European companies still at the top, with the German SMA at the first place, followed by Power One (America) and Schneider Electric (France).

Among the market trends in development there are the micro inverter, which are becoming popular worldwide, from small domestic installations to large utilities.

The contraction in the European market, therefore, is opposed to the new frontiers of American and Asian manufacturers, which have forced the market to develop different strategies, such as mergers, restructuring or new acquisitions, in order to remain globally competitive.