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Exemption of bifacial cell technology from Section 201 measures to accelerate switch from mono to bifacial cell lines outside of China and drive demand in the United StatesJune 17, 2019On 13 June 2019, United States Federal trade authorities ruled that bifacial solar modules will be exempt from Section 201 tariffs, as outlined in a notice from the Office of the United States Trade Representative. The ruling will dramatically increase demand for bifacial solar modules in the United States due to the opportunity of avoiding tariff rates of 15% to 25% through February 2022, in addition to the benefits of higher efficiencies and energy yields associated with such products. IHS Markit expects that demand for bifacial modules in the United States will be primarily served by manufacturing lines across Southeast Asia, as products shipped from China will still face antidumping and Section 301 tariffs that will make them less competitive.Subscribers Only
Market outlook for energy storage strengthens due to demand for utility-scale solar co-location, growth in China and new residential incentivesMay 07, 2019A total of 4.3 gigawatts (GW) of grid-connected energy storage will be deployed globally in 2019 – annual installations will grow to more than 10.6 GW by 2025. Annual grid-connected energy storage hardware revenues are projected to grow from $3.7 billion in 2018 to $8.4 billion in 2025 at a compound annual growth rate (CAGR) of 12 percent.
Light industrial UPS applications drive near-term growth, as heavy industrial UPS application growth accelerates in 2018March 27, 2019Light industrial UPS applications drive near-term growth, as heavy industrial UPS application growth accelerates in 2018
Global solar PV tracker shipments exceeded 20 GW for first time in 2018, with NEXTracker leading the marketMarch 19, 2019Global unit shipments of single-axis solar photovoltaic (PV) trackers increased by over 40 percent in 2018, surpassing 20 gigawatts-dc (GW) globally for the first time.
Global AC-DC and DC-DC merchant power supplies market to reach $27.6 billion in 2022February 14, 2019Led by growth from LED lighting sector, the global AC-DC and DC-DC merchant power supplies market grew 5.7 percent in 2018 to reach $22.1 billion, with a projection to reach $27.6 billion in 2022.Subscribers Only
Global wireless power receiver and transmitter shipments to exceed 7.5 billion units in 2027February 04, 2019The global annual unit shipment of wireless power receivers and transmitters, across all applications, sectors and product segments, is forecast to grow from 450 million units in 2017 to more than 2.2 billion units in 2023 – rising to 7.5 billion units in 2027.
SolarEdge acquires UPS supplier Gamatronic, signaling race for PV inverter suppliers to diversify business modelsMay 17, 2018Leading solar inverter supplier SolarEdge announced on May 9, 2018, its intention to acquire Gamatronic, a manufacturer of uninterruptible power supply (UPS) systems. This move is a clear indication of SolarEdge’s plans to diversify its business outside of solar, and to expand into new large revenue industries with potential for disruption. This asset purchase agreement will enable SolarEdge to build a presence in the UPS market, which will reach nearly $8 billion globally in 2018.
United States to quadruple installed base of residential battery energy storage from 2018 to 2022May 10, 2018Less than 200 megawatts (MW) of residential battery energy storage was installed in the United States prior to 2018. The installed base of residential energy storage is forecast to quadruple by 2022, as more than 850 megawatts (MW) is deployed in the market.
RESEARCH NOTE - Growth of LED luminaire shipments help LED power supply market reach $13.1 billion by 2021April 05, 2017Following is information and insight from IHS Markit about our 2017 Power in LED report, which contains data and analysis for the year ended December 31, 2016.
NEXTracker and Array Technologies Reign Supreme in Global PV Tracker Market, IHS Markit SaysMarch 30, 2017NEXTracker and Array Technologies remain far and away the leading suppliers of PV tracker systems globally, in addition to being leading suppliers of PV structural equipment in general. Vertically integrated suppliers First Solar and SunPower notably lost market share in 2016. This has coincided with First Solar’s announcement to downsize its EPC business and to exit the structures market in 2016. Convert Italia and Arctech have risen into the top five, finding success in emerging tracker markets outside of the United States in Latin America, the EMEA region, and India. In the United States -- the largest market for PV tracker products globally -- Soltec, GameChange Solar, and Sunlink were the winners in terms of growth in the market outside of the big two (NEXTracker and Array Technologies).