Global PV inverter shipments to reach 90GW by 2020

By Kathie Zipp According to GTM Research’s latest report, The Global PV Inverter and MLPE Landscape 2016, global shipments of solar PV inverters will reach 90 gigawatts (AC) by 2020. This represents an average annual growth rate of 11 percent between 2016 and 2020.
Of the 59.7 gigawatts shipped in 2015, 66 percent were in the Asia-Pacific region, led by China and Japan. With the impending decline of the Japanese market, the report notes that demand will shift to other regions including Latin America, India, the Middle East and Africa. By 2020, GTM Research forecasts the Asia-Pacific region to account for less than half

Read Full Article Here

For more great articles: Solar Power World

(Visited 18 times, 1 visits today)



© 2014 RenewaNews