Analysis on the Statistics of the Proportion of Inverter Revenue in 2011

BoS equipment revenue will decline by 5% this year, and the highest revenue in 2011 will be 17 billion US dollars. Revenue from Photovoltaic Balance (BoS) equipment will increase from $17 billion in 2011 to nearly $24 billion.

Senior Research Director AshSharma commented: “The installation and shipment performance is “a mediocre performance”, which will undoubtedly lead to a drop in the revenue of BoS this year, especially photovoltaic inverters and brackets. However, in the long run, the market outlook is still very optimistic. The market size is expected to reach 24 billion U.S. dollars by 2016."

Although photovoltaic inverters will continue to occupy the largest share of the market, monitoring hardware, photovoltaic support and tracking systems will catch up and market share will continue to increase.

Photovoltaic inverters account for more than 40% of their revenue in 2011, and the tracking system's expected revenue will grow by nearly 30% per year. Despite this, PV modules may still be the largest single hardware cost in the PV system and will account for more than 50% of total PV hardware revenue by 2016.