PV inverter manufacturer SolarEdge Technologies continued quarterly revenue generation trajectory, despite market dynamics, has result in market share gains and achieving Q3 2018 revenue that is higher than its nearest rival SMA Solar, for the first time.
Major PV inverter manufacturer SolarEdge Technologies has continued to post record revenue and shipments in the third quarter of 2018, surpassing the 1GW of quarterly inverter shipments milestone for the first time.
The Chinese government’s decision (531 New Deal) to curtail utility-scale and distributed generation (DG) PV deployments just after the SNEC trade show at the end of May, not only surprised the industry but has since fuelled a significant ASP decline of modules and inverters.
Major PV inverter manufacturer Sungrow Power Supply Co, recently reported a relatively strong rebound in revenue (up 10%) in the first half of 2018 but on a quarterly basis the second quarter sales increased 29% from the previous quarter, indicating that greater dependence on China and the utility-scale market with central inverters, creates a ‘solarcoaster’ ride.
Major PV inverter manufacturer Sungrow Power Supply Co is expecting the global floating solar (FPV) market to experience explosive growth in the next two to three years, in which it is targeting becoming the leading supplier of floating solar systems.
Major PV inverter manufacturer Sungrow Power Supply Co said that a 1.9MW floating solar (FPV) plant in southern Taiwan had experienced extreme environmental conditions through a dry season and then typhoon season that caused some unique issues but survived relatively unscathed.
PV Tech’s recent coverage of three publicly listed PV inverter manufacturers (SMA Solar Technology, SolarEdge Technologies and Enphase Energy) first quarter financial results has highlighted a looming battle between two of the companies over achieving the highest annual revenue figures (US$ adjusted) in 2018.
Major PV inverter manufacturer SMA Solar Technology has announced that it has reclaimed the leadership position in the US commercial market segment, accounting for over 26% of market share, according to GTM Research’s most recent ‘US PV Leaderboard’ report.
China installed a total of 9.65GW of solar PV capacity in the first quarter of 2018, a 22% increase over the prior year period, according to China’s National Energy Administration (NEA).
