PV BoS market to reach $24 billion in 2016
26.02.2012: According to a new report from IMS Research, the photovoltaic (PV) balance of system (BoS) equipment market is expected to grow from $17 billion in 2011 to nearly $24 billion in 2016. However, the report estimates that revenues for BoS products will first fall by 5 percent in 2012. Inverters accounted for more than 40 percent of BoS revenues in 2011, but IMS notes that monitoring hardware, mounting structures and tracker systems will capture increasingly more market share over the next five years. While the prices of BoS components are expected to decline over the next few years due to increased competition, IMS forecasts that suppliers will not see price declines as severe as those experienced by module suppliers. … Source: IMS Research; Summary: PHOTON |
Monty Bannerman
ArcStar Energy
646.402.5076
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