Global photovoltaic (PV) inverter shipments increased 35% on year in the first nine months of 2015; however, prices fell 26% to US$0.12 per watt. Although global prices are declining, 20GW of inverters will ship in the fourth quarter of 2015, leading to 4% on-year revenue growth reaching US$6.9 billion. Increased competition in China, the US and other key growth markets -- combined with stagnating markets in Japan and Germany -- have exacerbated falling prices, according to IHS.
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