Welcome to Solarzoom market price center!
Solarzoom is a leading PV market researcher basing on truely and pricesely data.
SiteMap: Home > PV News >Market > content
Solutronic insolvency evidence of overcrowded German inverter market, say IHS
Author: Source:pv-magazine Editor: Publish at Beijing Time: 2013-10-21 09:43:25

Solutronic insolvency evidence of overcrowded German inverter market, say IHS

18 October 2013

Intense price pressure and a rapid decrease in solar inverter shipments has pushed domestic suppliers to the brink, according to analysts.

Solutronic’s recent insolvency announcement is a stark warning that Germany’s inverter industry has become too overcrowded, say industry analysts IHS.

The German inverter manufacturer filed for insolvency this week amid an industry that had seen average prices fall by 40% since 2010. Their troubles are indicative of a market that is overcrowded with suppliers fighting for an ever shrinking domestic market, believe IHS.

Inverter shipments for 2013 are forecast at just 4 GW – down from more than 9 GW in 2010. And although a number of German inverter manufacturers have expanded their horizons internationally – the U.K., U.S. and South African markets have been relatively happy hunting grounds – expansion is slow and insufficient to compensate for contraction in the domestic market.

Revenues for inverters in Germany have fallen to just $0.7 billion this year, down from a high of $2.7 billion in 2010. Such aggressive price reductions kickstarted a domino-effect of market mayhem, with overcrowding and sluggish demand suddenly a very real problem. Solutronic were evidently unable to survive, and more may follow.

Forecasts from IHS paint a bleak end to 2013 for Germany’s inverter market. Average prices are expected to reach $0.19 per Watt, heaping further strain on the revenue streams of suppliers still heavily reliant on a robust German market.

However, there is some cause for cheer: IHS predict that demand will rise in 2014, albeit only slightly and against a backdrop of further price falls. Consolidation of international markets will be more imperative than ever in 2014.

SOLARZOOM PV PORTAL(chinese version) About the SOLARZOOM Contact Us Advertise With Us Member Register

Address: Room 711 No.489 Pu Dian Road, Shanghai, China. Hotline: 0086-21-38682788 Ext.817 Fax:0086-21-58202326 Ext.822