Solar Inverters are a crucial component of the overall solar system accounting for around 10% of the overall costs.Solar inverters connect the solar panels to the grid converting the DC to AC which is used by the grid.Solar inverters have become highly sophisticated with features like optimization and monitoring etc.The efficiency of solar inverters are a major factor in their purchase as well as the quality and reliability.Inverters comes in various sizes and can be as large as 1 MW for utility applications.Unlike Solar Panels,the Solar Inverter Market is much less crowded though competition is growing as the size of the market increases rapidly.The ~$2.1 billion market in 2009 with 7 GW of installations has increased by more than 130% to around $5 billion in 2010 as the solar panel demand globally increased to around 17 GW.Note Solar Inverter Companies have done much better as competition is much lower and the annual price declines in solar inverters has been much lower at around 10% compared to the 50% decline in solar panel in the last 2-3 years.Here is a list of the major solar power inverter companies

India is set to see a massive growth in solar energy in the next decade with the 81 MW of Solar Capacity expected to reach at least 20000 MW by 2022 if not more.India’s JNNSM Policy and push for renewable energy by states like Gujarat,Maharashtra and Rajasthan should see massive investments in solar PV installation.While there are already solar cell and panel production,India lacks a strong base for manufacture of solar inverters which can cost upto 10% of the total cost of a solar project.

Renewable Energy SMA Solar raises revenue guidance a second time: expects PV market to top 17GW in 2010 – PV-Tech Gigawatt scale: CEC approves Solar Millennium’s planned 1GW Blythe CSP power plant – PV-Tech Suzlon Energy looks towards Middle Kingdom as a Panacea to all its Ills but can China Resurrect the Company Despite US […]

German Feed in Tariffs Cut Passes with Minor Change The German Solar Feed in Tariff  Cut was finally passed after byzantine twists and turns over a 9 month period.The compromise worked out between the Upper and Lower Houses of German Parliament was finally passed.The new proposal gives a face saving moderation to the cuts over […]

2010 Solar Installation Growth Rate is going to be above 50% driven by a sharp decline in module prices and excelled government guaranteed above market prices for solar generated electricity .This has also been projected by multiple analysts and research firms . Now an industry heavyweight with its numbers is doing the same. SMA sold  […]