Taikai Group PV Inverter Bidding

How did the PV inverter market perform in 2019?

The PV inverter market achieved record shipments, growing by 19% to 126 GW in 2019 driven by booming shipments in key markets such as United States, Spain, Latin America, Ukraine and Vietnam. PV inverter revenue also increased rapidly, surpassing $9.1 billion in 2019 for the first time.

Why is the PV inverter market growing so fast?

This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global. The PV inverter market achieved record shipments, growing by 19% to 126 GW in 2019 driven by booming shipments in key markets such as United States, Spain, Latin America, Ukraine and Vietnam.

How many GW of PV inverters will CHN energy buy in 2023?

CHN Energy has wrapped up its 10 GW PV inverter tender for 2023, with Huawei securing orders for 4.1 GW of string inverters and Sungrow obtaining 1.85 GW. CHN Energy has announced the results of its 10 GW central purchasing tender for PV inverters for 2023.

How did PV inverter revenue grow in 2019?

PV inverter revenue also increased rapidly, surpassing $9.1 billion in 2019 for the first time. Meanwhile, the global competitive landscape remains relatively consolidated. The top 10 suppliers accounted for over 70% of global PV inverter shipments.

Which company has the largest order for string inverters?

Huawei secured the largest order for 4.1 GW of string inverters, while Sungrow obtained orders for 1.85 GW. The Zhuzhou National Engineering Research Centre secured a 1 GW order for centralized inverters, while Goodwe secured an order for 500 MW of string inverters.

Will central inverter shipments increase in the next 5 years?

IHS Markit expects larger central inverter shipments to increase in the next five years as central inverter suppliers aim to compete more aggressively on a dollar-per-watt basis and to defend against the encroachment of larger string inverters in utility-scale installations.