As it continues its global reach in what is a rapidly growing PV market, PES took the opportunity to get an update from Maxime Boiron, Global Marketing Director at APsystems, to hear what he thinks the future holds for inverter technology, in Europe and beyond.
PES: A warm welcome back to PES, Maxime. Perhaps we could begin with an overview, as you see it, of the solar PV market. How large is the market worldwide? Is there a country or region that shows signs of particular maturity?
Maxime Boiron: Over the past 10 years, the global solar market has experienced steady growth, with an average rate of around 15% year on year to reach close to 160 GW of installation capacity in 2021. According to the Wood Mackenzie analyst firm report, in 2022, the annual capacity will grow by 25% to reach close to 200 GW by the end of the year.
