Satcon Technology Corporation® (NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, announced today that it has achieved the number one position in the North American utility-scale solar inverter market for 2011 for the second consecutive year.
Based upon the results from IMS Research’s (recently acquired by IHS Inc. (NYSE:IHS) recently released World Market for Photovoltaic Inverters 2012 (5th Edition), Satcon continues to be the leading large scale inverter supplier in the America’s in 2011 in both the utility-scale segment (100 kilowatts and greater) as well as the large-scale commercial segment (36 kilowatts-250 kilowatts). In addition, Satcon has increased its worldwide market share position in the global three phase solar inverter segment from 8th to 4th in 2011.
“Despite the uncertainty and changes in energy policy, the worldwide solar inverter market in 2011 grew by 17% in terms of Gigawatts (GW) shipped, “said Ash Sharma, Research Director at IMS Research. “Satcon demonstrated market share increases worldwide and most notably in the Americas, where the deployment of utility-scale segment revenues doubled from 2010.”