SMA, SolarEdge, Schneider Electric, Sungrow, Huawei and ABB were all identified as solar inverter industry leaders with above average scores for both market presence and market momentum, according to an industry review scorecard from IHS Inc., the global source of critical information and insight.
What is the global market for 1500 V PV inverters?
The market for 1500 V PV inverters has rapidly grown, tripling from 2018 to 2020. IHS Markit forecasts the global market for 1500 V PV inverters to reach 83 GW in 2021 as 1500 V becomes the standard for utility-scale installations globally.
Should PV inverters be distributed?
With Chinese telecom's giant, Huawei, leading the charge – the benefits of a more distributed approach to PV inverters have been heavily marketed and EPCs around the world have begun to favor the approach over large central inverters. IHS Markit estimates that nearly 25 GW of string inverters were shipped to utility-scale PV installations in 2017.
Will 1500 V PV inverters reach 83 GW in 2021?
IHS Markit forecasts the global market for 1500 V PV inverters to reach 83 GW in 2021 as 1500 V becomes the standard for utility-scale installations globally. Key stakeholders across the solar industry are carefully watching for new developments in higher voltage standards.
Will a 1500V inverter be a big deal in 2020?
In fact, IHS Markit predicts that outside of China (which has been relatively slow to adopt the technology in comparison to international markets), 1500V products will account for 84% of high power PV inverter shipments in 2020, in comparison to just 11% four years previously. What are the challenges?
IHS Markit estimates that nearly 25 GW of string inverters were shipped to utility-scale PV installations in 2017. Naturally, with string inverter suppliers now aggressively targeting the large-scale PV sector, they are now increasingly releasing 1500V products in order to capitalize on this growing trend.
What is a high voltage PV system?
Higher voltages, such as 2000 V or 3000 V may allow for even greater cost savings, however technology companies such as PV inverters and module suppliers must innovate with next-generation technologies. The primary purpose of moving to higher voltages in PV systems is to reduce the LCOE.