IHS Markit has published a new whitepaper analysing the global utility-scale solar pv inverters market.
The research firm is predicting a continued increase in the adoption of solar pv in the next two years.
According to the whitepaper:
- Over 100GW of 1500V solar pv inverters are forecasted to be shipped in the next 2 years as the adoption increases.
- The use of solar pvs has over the past decade increased as a result of decline in costs. For instance, utility-scale solar pv has fallen by 50% between 2013 and 2018.
- The solar pv technology is now considered mature and continued decline in costs is slim
- Stakeholders have shifted focus towards improving the performance and reliability of solar technologies to drive down the levelised cost of electricity of solar systems
- Trending is the increased focus towards achieving higher direct current voltages as a result of the growing number of 1500V solar pv inverters on the market
- India is expected to be the second largest utility-scale market behind China over the coming three years
- China will account for 84% of utility-scale/high power inverter shipments by 2020. In 2015, China accounted for 11% of all shipped solar pv inverters
On the other hand, the market for 1500 solar pv inverters is expected to be challenged by:
- The unavailability of components such as fuses and switches
- Lack of PV modules with 1500V output
- Limited safety standards, buildings codes and electricity regulations allowing adoption in rooftop solar systems
For information about the whitepaper, click here…
