31 Mar '12, 3am

Booming China Market Creates Great Opportunities for PV Inverter Manufacturers: #solar

Wellingborough, UK – 27th March 2012. The Chinese PV inverter market, driven by the introduction of the national FiT, grew by over 400% in 2011 to reach more than 2.5 GW in shipments according to a new report from IMS Research, recently acquired by IHS Inc. (NYSE: IHS). The report also found that the market was highly consolidated in 2011 and the ten largest suppliers, which accounted for over 80% of shipments, included only one non-Chinese manufacturer. The strong growth of the Chinese market and the dominance of domestic suppliers will lead to Chinese manufacturers gaining significant share of the global PV inverter market, the research firm concluded. The new report, “The China Market for PV Inverters”, found that China’s release of its national FiT scheme in July, 2011 drove installations to reach some 2.4 GW in the year. As a result, this created a PV inverter market ...

Full article: http://www.solarplaza.com/pressrelease/booming-china-mark...

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