Germany-based SMA Solar has raised its market estimate for 2010 and said it expects to record the highest sales in the company’s history.
The global market for photovoltaics (PV) in 2010 grew significantly, the company said, especially outside its home market, with expectations from its board that the global market for solar inverters during 2010 reached between 17GW and 20GW.
The changes in feed-in tariffs in mid-2010 caused a considerable reduction of the newly installed PV power in Germany in the second half of the year but a strong growth impulse was made by the Southern European countries and the US, supporting its growth.
For 2010, SMA said it expects record sales at the upper end of the sales forecast of €1.7bn to €1.9bn.
‘It is very difficult to forecast the development of the global photovoltaics markets in 2011. In particular expected changes in incentive programs in individual countries may have considerable effects on the global market volume in 2011,’ the company said in a statement.
But it said its flexible business model allows it to be positioned for a number of market scenarios.
Likely to impact the market in 2011, is the growth being witnesses in both North American and India, the company said.
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