08 Aug '11, 12pm

Will China Take Over the Inverter Market?: Sungrow. It’s not a name you hear all the time at solar conferences...

Will China Take Over the Inverter Market?: Sungrow. It’s not a name you hear all the time at solar conferences...

Sungrow . It’s not a name you hear all the time at solar conferences at the moment, but give it a few years. The Hefei, China-based company is the first of what could become a wave of inverter makers from China using that time-tested formula of low costs, increasing technical sophistication and domestic support to soak up global market share. Sungrow shipped 500 megawatts of inverters last year, according to GTM Research analyst MJ Shiao, and will expand this year. That constitutes a drop in the bucket in the overall inverter market. Globally, 21.2 gigawatts' worth of inverters shipped in 2010 and 24 gigawatts will ship this year, Shiao added. The company, though, can often undercut European and North American manufacturers by 10 percent, he added. Lesser-known Chinese names have tried to undercut established manufacturers by 20 percent. Founded in 1997 to supply solar and...

Full article: http://www.greentechmedia.com/articles/read/will-china-ta...

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