Solar Inverters/PV Inverters Market 2020 Business Strategies, Technological Innovation, Key Players, Major Drivers And Forecast To 2026
Category: #business  By Ashwin Naphade  Date: 2020-02-27
  • share
  • Twitter
  • Facebook
  • LinkedIn

Solar Inverters/PV Inverters Market 2020 Business Strategies, Technological Innovation, Key Players, Major Drivers And Forecast To 2026

Global solar inverters / PV inverters market is expected to grow from USD 5.32 billion in 2017 to USD 25.86 billion by 2026, at a CAGR of 16.1% during the forecast period, according to a study published by The marker research report.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1695114/?utm_source=itresrch&utm_medium=TS

 Inverter technologies is constantly going under technological upgradations thus promising better grid support and sophisticated system optimization, the market is expected to reach its zenith during the forecast period. Solar inverters are generally selected on the basis of array size and AC grid inter-tie. Countless modifications regarding design such as grid-tie inverters, stand alone inverters and backup inverters are designed upon their application. The residential and commercial construction activities are recovering globally, this end-user segment is expected to hold vital considerations for the growth of the solar inverters market share.

The energy demand globally is snowballing progressively over the last few decades with new methods of energy sources are continually discovered to meet the energy demand of the future. Natural and conventional energy sources such as coal is continually depleting thus renewable sources are explores constantly. Solar energy is one form of renewable energy source where sunlight is converted into electricity. Solar inverters are basically used along with solar or photovoltaic cells to convert direct current (DC) into alternative current (AC).

The inverter industry has been going under a concentrated phase of procedural innovation. For project developers, investors as well as regulators, inverters form an integral part. Solar power to support utility grids has gained traction owing to rising demand for power. However, not much solar power plants are placed into grids owing to higher cost associated in setting up of solar power systems as compared to coal, wind and nuclear power generation systems. For installing solar power generation systems into a utility grid, solid state inverters are considered to be the benchmark.

Competitive Landscape
The global solar inverters market is a concentrated market with the presence of limited multinationals and national players. Asia Pacific market generated the highest demand in 2017. This was primarily due to the increasing demand renewable energy sources in China as well as growing number of photovoltaic solar plants in the country. Additionally, depleting natural energy sources as well as deteriorating air quality has forced the government to take actions and curb emission of harmful gasses. Apart from China, Japan and South Korea, Indian which is rapidly becoming a major consumer of solar inverters in the region is also expected to generate substantial demand. European nations such as Germany, France, UK and Italy are anticipated to be some of the leading nations to generate substantial demand by 2026 in the region. North America is yet another potential industry in terms of production as well as consumption of solar inverters.

Market Segment Outlook

Type

  • Micro Inverter
  • String Inverter
  • Central Inverter

Deployment Type

  • Off-Grid
  • On-Grid

End-User Type

  • Industrial
  • Commercial
  • Utility

Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1695114/?utm_source=itresrch&utm_medium=TS

Top key players in the market
Some of leading industry participants include Huawei, Sungrow Power Supply, SMA Solar Technology AG, ABB Ltd., Sineng, TBEA, TMEIC, Schneider Electric, SolarEdge Technologies, Power Electronics, KACO New Energy Inc., Fronius, Wuxi Sineng, SunPower Corporation, Delta Electronics, Inc., Hitachi Hi-Rel Power Electronics Pvt. Ltd. and Siemens AG among others.

Table of Contents

1.            Overview and Scope

1.1.         Research goal & scope

1.2.         Research assumptions

1.3.         Research Methodology

1.3.1.     Primary data sources

1.3.2.     Secondary data sources

1.4.         Key take-away

1.5.         Stakeholders

2.            Executive Summary

2.1.         Market Definition

2.2.         Market Segmentation

3.            Solar Inverters Market Insights

3.1.         Solar Inverters– Industry snapshot

3.2.         Solar Inverters -Ecosystem analysis

3.3.         Solar Inverters market dynamics

3.4.         Solar Inverters– Market Forces

3.5.         Industry analysis - Porter's five force

4.            Solar Inverters Market Size and Forecast by Type

4.1.         Key Findings

4.2.         String Inverters

4.3.         Central Inverters

4.4.         Micro Inverters

5.            Solar Inverters Market Size and Forecast by Deployment Type

5.1.         Key Findings

5.2.         Off-Grid

5.3.         On-Grid

6.            Solar Inverters Market Size and Forecast by End-User

7.            Solar Inverters Market Size and Forecast by Regions

8.            Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/global-solar-inverters-pv-inverters-market-by-type-string-inverter-micro-inverter-and-central-inverter-by-deployment-off-grid-and-on-grid-by-end-user-commercial-industrial-and-utility-by-regions-market-size-forecast-2018-2026?utm_source=itresrch&utm_medium=TS

Related Report:

Solar Panels Market Size, Share, Trends, & Forecast 2018-2026

The report ‘Solar Panels Market Size, Share, Trends, & Industry Analysis Report By Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-Film Solar Panels); By End-User (Residential, Commercial, Utility, Others), By Regions: Segment Forecast, 2018 – 2026’ provides insights on the current market scenario and the future prospects. In 2017, the commercial segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

https://www.marketstudyreport.com/reports/solar-panels-market-size-share-trends-industry-analysis-report-by-type-monocrystalline-solar-panels-polycrystalline-solar-panels-thin-film-solar-panels-by-end-user-residential-commercial-utility-others-by-regions-segment-forecast-2018-2026?utm_source=itresrch&utm_medium=TS

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

News: https://www.cuereport.com/

About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

Read More>>

More News By Ashwin Naphade

Latest Study explores the Cloud Robot Market Witness Highest Growth in near future
Latest Study explores the Cloud Robot Market Witness Highest Growth in near future
By Ashwin Naphade

Market Study Report, LLC, has added a detailed study on the Cloud Robot market which provides a brie...

Cleaning Robotic Machine Market Comprehensive Analysis, Growth Forecast from 2020 to 2024
Cleaning Robotic Machine Market Comprehensive Analysis, Growth Forecast from 2020 to 2024
By Ashwin Naphade

The Cleaning Robotic Machine market study now available with Market Study Report, LLC, is a collatio...

Comprehensive Analysis on Caring Patient Robotic Machine Market based on types and application
Comprehensive Analysis on Caring Patient Robotic Machine Market based on types and application
By Ashwin Naphade

Market Study Report, LLC, has recently added a report on the ' Caring Patient Robotic Machine market...