Global PV inverter shipments grew 42% in 2015 to 59.7 GW, up from 42.1 GW in 2014. Shipment growth will be flat in 2016, as the Chinese and Japanese markets level off and the U.S. market works through a build-up of shipments from 2015, but the market will regain steam and grow 11% per year from 2016 to 2020. Overall, shifting global demand, rapidly evolving product preferences and competitive pricing will be key themes moving forward for the dynamic PV inverter industry.
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