A recent report released by IMS Research shows that the Chinese PV inverter market has grown by more than 400% in 2011, exceeding 2.4GW in global shipments. The extraordinary rate of growth has been attributed to China’s introduction of a national FiT incentive scheme in July 2011. The report also revealed that 80% of inverter shipments came from the 10 largest suppliers, nine of which were Chinese. Italian inverter producer Elettronica Santerno was the only non Chinese company on the list.
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PHOTON International’s annual market survey reveals six out of the top ten global solar manufacturers are Chinese. Suntech Power won first place for the second year running. In 2008, only 33% of solar cells were produced in China, whereas presently, the country makes over 57%. However, for the first time, European and Japanese manufacturers did not appear in the top ten.
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