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According to GlobalData, the global PV inverter market will shrink from $6.
3 billion in 2017 to $3.
7 billion
in 2022 due to falling prices.
The global PV inverter market will show negative growth in the next five years
Based on market capitalization, the market will show a negative CAGR
of 10.
15% from 2017 to 2022.
Meanwhile, the total installed capacity in 2018-2022 will be close to 370.
6 GW, up from 316.
2 GW
from 2012 to 2017.
"Various reasons include, but are not limited to, continued price pressure from equipment suppliers, anti-dumping duties imposed by the United States on Chinese modules, depreciation of the euro and yen, and reduction of minimum import prices
.
In the PV industry, buyers are price sensitive, which puts constant price pressure
on equipment suppliers.
Subha Krishnan, power analyst at GlobalData, explains
.
By 2022, the Americas will surpass Asia-Pacific to become the world's first, with the Asia-Pacific region's market share falling from 59% to 38%, while the Americas region increased from 27% to 41%.
According to GlobalData, the EMEA region's share will grow from 14% to 21%
by 2022.
From 2018 to 2022, the cumulative market value of photovoltaic inverters is about $22.
2 billion, with an average annual market value of $4.
4 billion
.
，
According to GlobalData, the global PV inverter market will shrink from $6.
3 billion in 2017 to $3.
7 billion
in 2022 due to falling prices.
The global PV inverter market will show negative growth in the next five years
The global PV inverter market will show negative growth in the next five yearsBased on market capitalization, the market will show a negative CAGR
of 10.
15% from 2017 to 2022.
Meanwhile, the total installed capacity in 2018-2022 will be close to 370.
6 GW, up from 316.
2 GW
from 2012 to 2017.
"Various reasons include, but are not limited to, continued price pressure from equipment suppliers, anti-dumping duties imposed by the United States on Chinese modules, depreciation of the euro and yen, and reduction of minimum import prices
.
In the PV industry, buyers are price sensitive, which puts constant price pressure
on equipment suppliers.
Subha Krishnan, power analyst at GlobalData, explains
.
By 2022, the Americas will surpass Asia-Pacific to become the world's first, with the Asia-Pacific region's market share falling from 59% to 38%, while the Americas region increased from 27% to 41%.
According to GlobalData, the EMEA region's share will grow from 14% to 21%
by 2022.
From 2018 to 2022, the cumulative market value of photovoltaic inverters is about $22.
2 billion, with an average annual market value of $4.
4 billion
.
，
