The photovoltaic (PV) tracker market in North America increased by 135 percent year over year to reach 5.5 gigawatt (GW) shipments in 2015. Raising its market share by 22 percentage points over 2014, NEXTracker moved ahead of Array Technologies, becoming the leading supplier of PV trackers last year, according to IHS research.
German solar energy equipment supplier SMA Solar Technology retained its position as the world’s largest photovoltaic (PV) inverter supplier in 2015, maintaining the company’s 14 percent share of global PV inverter revenue it held in 2014. SMA had previously dominated the global PV inverter market, but the company has been challenged to maintain its market position following the decline of the European solar market, according to IHS, the leading global source of critical information and insight.
For the fourth year in a row, SMA Solar Technology AG (SMA) has been voted the most preferred inverter brand in the world according to IHS, the leading global source of critical information and insight. IHS surveyed photovoltaic (PV) inverter customers in over 40 countries, which include distributors, installers, integrators and wholesalers in its “PV Inverter Customer Insight Survey – 2015.”
Even though photovoltaic (PV) inverter shipments to China increased in 2014, significant price declines have caused revenue to drop. Despite PV inverter shipments to the Chinese market increasing nearly 18 percent last year to reach 13.3 gigawatts (GW) of alternate current (AC), revenues dropped 6 percent, according to IHS Inc., the leading global source of critical information and insight.
According to a new report from IHS , the leading global source of critical information and insight, with shipments of 23.7 gigawatts (GWs) the top 10 solar photovoltaic (PV) module suppliers grew their combined market share slightly last year, from 48 percent in 2013 to 49 percent in 2014. Boasting the largest domestic market for PV modules, Chinese suppliers continued to dominate the market last year.
Total global solar photovoltaic (PV) capacity is forecast to reach 498 gigawatts (GW) in 2019, which is 177 percent higher than 2014, according to IHS, the leading global source of critical information and insight. While total global solar PV demand is projected to grow steadily, the large number of discrete country markets at the gigawatt-level will help reduce demand volatility.
