The Copenhagen Conference started the era of low carbon economy. The concept of low carbon becomes more popular. Solar power is the most promising clean energy due to its cleanness and wide installation range. http://www.jinhuasunrise.com/en/article/MarketofPVinverterisstillBlueOcean.html
Energy from fossil will be depleted and the reserves can not meet long term need for human. Finding a replacement is necessary. Global warming is becoming more serious. Energy saving and clean technology only can cure the symptoms not the causes. The only way is to find a zero emission new energy. Solar energy is the only choice to meet human development.
Technology advancement and scale effect will make cost of solar power decrease. It is estimated that if the sales of PV battery doubles, the cost will decrease 15~20%. In the mean time, the cost of fossil energy keeps increasing, and the cost of solar power is expected to reach peak price of electricity in 2010~2030 and average price of electricity in 2020~2050.
With the increasing investment on PV industry, cost is decreasing and competition is fierce. After financial crisis in 2008, price dropped sharply, and it is stimulating end market.
From second half of 2009, PV industry strongly recovered. In 2011, PV industry will face a turn point of high growth stimulated by both low cost and policy. Decreasing FIT (Feed-in-Tariff) is an inevitable policy adjusting to cost decreasing, implying the speed up of industry development. EPIA expects that PV installation will reach 22.325GW in 2013.
Following development of PV industry, market of PV inverter grew rapidly. The total market is about 4 billion USD. Because PV inverter does not rely on the different technology of battery, its growth is more powerful. European products take a lead in world market. These years, with growing of world market,, European PV inverter companies have started to expand.