Rapid growth of the solar photovoltaic industry in Europe in recent years has created an extremely fertile market for not only the solar photovoltaic industry, but also for the solar inverter industry. Inverters are devices that are installed in line with solar arrays to convert the direct current (DC) electricity it produces into stable, usable alternating current (AC) found in homes and on the power grid.
The market for inverters has been so robust, in fact, that analysts are suggesting the PV inverter market is set to more than double over the coming years, growing to an estimated $8 billion annually in the next four years.
But because of that healthy PV demand and the fact that there are a growing number of new entrants into the sector, the solar solar inverter industry supply chain is fluid and a bit unstable. (more…)