28 Jul '11, 5pm

SolarIndustryMag.com: Content / New & Noteworthy / Smart Solar Inverters Poised To Assume Dominant Market Share

SolarIndustryMag.com: Content / New & Noteworthy / Smart Solar Inverters Poised To Assume Dominant Market Share

Shipments of the latest generation of "smart" photovoltaic inverters are forecast to grow to 27 GW in 2015, accounting for almost 60% of the market, according to a recent report from IMS Research. This growth is being driven by utility concerns about grid imbalances, the growing proportion of PV connected to the grid, and the need for energy storage to take advantage of self-consumption tariffs and to further incorporate PV into the smart grid. According to the new report, features such as reactive power, smart grid interaction and energy storage are transforming inverters from simple power-conversion units into essential components of grid infrastructure. These advancements will radically change the PV inverter market over the next five years, the report notes. "Utilities, especially in Europe, are increasingly pushing for inverters to assist in grid stabilization and con...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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