06 Sep '13, 11am

Inverter shipments fall for the first time since 2011 - Renewable Energy Focus

PV inverter shipments in Q2 2013 amounted to 8.3 GW, down from 8.7 GW during the same period in 2012, says IHS’ new report The World Market for PV Inverters – 2013 Edition . The main reason for the decrease was the sharp slowdown in the European market. Shipments in the Europe, Middle East and Africa (EMEA) region during the first half of 2013 fell more than 40 per cent compared to the first half of 2012. The EMEA region accounted for only 6 GW worth of shipments in the first half of 2013, down from 10 GW during the same period in 2012. “The pace of contraction for inverter shipments in critical European countries such as Germany and Italy has been faster than expected, with some of these markets seeing their demand decline by more than 70 per cent this year,” said Cormac Gilligan, senior PV market analyst at IHS. “Some inverter suppliers have been very reliant on these hi...

Full article: http://www.renewableenergyfocus.com/view/34384/inverter-s...

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