Germany-based Belectric developed more than 300 MW of PV systems in 2010, propelling it to the top of IMS Research's newly released list of 2010 PV system integrator rankings.
However, despite the top spot and a three-fold increase in PV systems developed, Belectric still only managed to capture a 2.4% share of the non-residential PV market, estimated at 13.2 GW by IMS Research.
The company (formerly known as Beck Energy) narrowly edged out Germany-based juwi, and ranked five places ahead of 2009 leader Q-Cells International, which little growth last year.
‘Our ongoing quarterly survey of close to 500 system integrators and engineering, procurement and construction contractors revealed a fragmented market – with the top 30 suppliers holding only a 22.1% aggregate share, down two percentage points on the previous year,’ says Ash Sharma, PV research director at IMS Research.
The latest global rankings also reveal Germany's ongoing PV dominance, with 13 of the top 30 system integrators from that market, IMS Research adds. Even though newly added annual German PV capacity is expected to decline in the coming years, it is clear that these companies will remain prominent, according to the report.
‘German system integrators have become increasingly active in foreign markets, whilst maintaining a domestic stranglehold,’ explains Sharma. ‘They accounted for 19 of the top 20 rankings in Germany last year."
U.S.-based system integrators are gaining ground rapidly, as revealed by IMS Research in January, and two players, SunPower and SunEdison, were the biggest integrators in 2010 in Italy, the world's second-largest market. Surprisingly, only three Italian companies appear in their top 10 domestic rankings, with many large U.S., German and Spanish suppliers quickly moving into this exploding market.
IMS Research expects the U.S. non-residential market to become flooded by EPCs, with massive growth predicted for this year and 2012. ‘We've already identified close to 150 active U.S.-based system integrators, plus many more European and Asian companies that are entering this promising market,’ says Sharma.
The full rankings are available here.
SOURCE: IMS Research