By Tom Haddon, Research Analyst, IMS Research
Exceptional demand characterized the PV industry in 2010. Uncertainty regarding incentive schemes in a number of key markets drove global installations, and inverter shipments grew by over 160% as investors and developers rushed to complete projects, fearing that incentives would be reduced or removed altogether. IMS Research estimates that inverter shipments exceeded 20GW in 2010 and sales of small three-phase inverters, rated between 10-20kW, grew by around 200% in 2010. Inverters rated at over 500kW are estimated to have grown at a similar rate, but continue to represent a smaller share of revenues.
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