ENGLEWOOD, Colo. (July 7, 2016) – SMA, SolarEdge, Schneider Electric, Sungrow, Huawei and ABB were all identified as solar inverter industry leaders with above average scores for both market presence and market momentum, according to an industry review scorecard from IHS Inc. (NYSE: IHS), the leading global source of critical information and insight.
SMA scored the highest on market presence, receiving maximum scores in nearly all categories, due to its complete product portfolio, strong position in all major regions, strong brand and continued position as the world’s largest supplier in revenue terms. ABB and Sungrow also scored highly in market presence, recording consistently elevated scores for all categories.
“IHS has evaluated each of the biggest suppliers based on nine different metrics to arrive at overall scores for market presence and market momentum,” said Sam Wilkinson, senior manager, solar research at IHS Technology. “This diverse group of companies has effectively overcome challenges, to position themselves at the forefront of the market.”
Among the solar PV inverter industry leaders, one of the highest scores for market momentum was awarded to Huawei, because of the speed it has gained global market share, and the high proportion of the company’s revenues that are spent on research and development.
Although it was not categorized as a leader due to a relatively low score for market presence, General Electric recorded the highest market momentum score – largely because of the rapid gains it has recently made in global market share and by securing a strong position in the North America utility-scale market.
Similarly, Enphase scored highly for market momentum, but its market presence score was restricted by its limited regional presence, a low score for financials, and its limited product portfolio, relative to other suppliers. Both companies were named within a group of ‘Challengers’ in the scorecard report.
The IHS PV Inverter Supplier Scorecard addresses a need for a holistic review of the PV inverter supplier base – one that does not rely simply on megawatt or revenue market share. The results reward companies that are well established in a wide range of markets, with strong brands and strong financial results, and that are well positioned for growth in the future.
IHS (NYSE: IHS) is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 140 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs nearly 9,000 people in 33 countries around the world.