TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Summits
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from IHS Technology Press Releases

Tracker

BYD and Parker Hannifin lead suppliers of energy storage inverters, IHS Markit says

Via IHS Technology Press Releases

Oct 4, 2016

With the energy storage market on the rise, more electronics component suppliers are expanding their businesses to provide energy storage inverters

LONDON (October 3, 2016) – As the energy storage market rises, and as prices for storage continues to fall, more than 900 megawatts of energy storage grid-tied inverters were shipped globally in 2015. The global energy storage inverter shipment is forecast to surge at a compound annual growth rate of 38 percent, to 4.5 gigawatts in 2020, according to IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions. Prices for energy storage inverters will continue to fall an average of 13 percent per year, from 2016 to 2020.

“The energy storage market hinges on cost-efficient and flexible inverters,” said Isabella Ni, Senior Analyst, IHS Markit. “Recent inverter launches have the ability to distribute power flows between the network, the batteries, the load centers and generation assets.”

Products with a power rating less than one megawatt will capture 70 percent of cumulative grid-tied energy storage inverter shipments between 2016 and 2020. In particular, nearly 40 percent of inverter shipments during the forecast period will have a power rating between 100 kilowatts and 999 kilowatts, as these products are utilized extensively in the utility-scale market, as well as playing a growing role in the commercial segment where average system sizes are quickly increasing.

Parker Hannifin and BYD led the market, supported by shipments to utility-scale projects. SMA topped the providers of sub-100 kilowatt energy storage inverters segment.

“The sub-100 kilowatt inverters segment is highly competitive, about half of the shipments came from companies with a global market share of less than 5 percent,” Ni said. “The large-scale energy storage inverter market, by comparison, is much more concentrated, with three manufacturers BYD, Parker Hannifin and Woojin Industrials representing half of the market.”

The IHS Markit Energy Storage Inverter (PCS) Report identifies leading power conversion system (PCS) suppliers through a rigorous annual collection and research of inverter shipments. The report also provides detailed shipment forecast by power rating, covering seven countries and regions with breakdown between residential, commercial and industrial, and utility-side of meter siting.

Related Topics
  • AI, Analytics & Automation ,
  • Data & Analytics,
  • Energy & Utilities,
  • Europe,
  • IHS Markit,
  • News,
  • Research and Trials,
  • Tracker

More Like This

6G R&I

6G to consider societal requirements

Apr 19, 2021

Sustainability

IoT technology will save more than eight times the energy it consumes by 2030: Report

Apr 19, 2021

AI, Analytics & Automation

IBM to Acquire myInvenio to help Organizations Use AI-powered Automation to Better Streamline Business Processes

Apr 18, 2021

5G

China Mobile Hebei and Huawei deploy 5G indoor gigabit networks

Apr 16, 2021

Digital Platforms & Services

Nokia’s Nuage Networks to power China Mobile Cloud’s massive public cloud expansion

Apr 15, 2021

This content extract was originally sourced from an external website (IHS Technology Press Releases) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

DSP Leaders World Forum 2021 Delegate Report

0:50

DSP Leaders Open Telco Summit

23:25

Extra Shot: Next Steps for DSPs

11:17

How cloud dynamics are reshaping the telecoms sector

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Summits
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
info@telecomtv.com
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices