Energy and Power

Global Battery Market for Solar PV Inverters 2015-2019

  • TEC353535
  • 77 Pages
  • November 2015
  • Energy and Power
Market outlook of the global battery market for solar PV inverters
Technavios market research analyst has estimated factors like the rising market competition and growing supply chain efficiency to bolster market growth during the forecast period. These factors help the global battery market for solar PV inverters to grow at a rapid rate during the forecast period and results in its impressive CAGR of nearly 19% by 2019.

Augmented demand for inverter batteries from solar PV systems is the key driver for the growth of this market. Due to depleting fossil fuel reserves and rising fuel prices, many countries across the globe are now adopting renewable power sources for electricity generation. Since the power generated from such sources is intermittent in nature, energy storage systems play a vital role in meeting the rising power demand, which in turn drives the need for inverters and battery systems.

End-user segmentation of the battery market for solar PV inverters
Utility
Residential
Non-residential

In this market research report, Technavio market research analysts estimate the non-residential segment to dominate over all the other sectors during the forecast period. The non-residential sector mainly includes commercial, industrial, and government entities that require energy storage options to enhance their solar generation capacities and mitigate high peak energy demand charges. Factors like the installation of high-capacity battery units in non-residential sectors such as hospitals, government, SMB IT, and telecom are expected to result in its high market share of nearly 43% by 2019.

Geographical segmentation of the battery market for solar PV inverters
APAC
Americas
EMEA

Geographically, the APAC region is estimated to account for more than 50% of the total market share by 2019. Increasing environmental concerns and growing energy demand are the two significant parameters that will drive market growth in this region during the forecast period.

Competitive landscape and key vendors
This market is highly diverse and consists of numerous international and domestic players that form strong partnerships with automotive, industrial, and commercial companies in order to survive in the market. This market is highly vulnerable to technical and financial challenges, which facilitates inorganic growth within the market.

Key vendors analyzed in this market study are -
Eaton
Enersys
Exide
HOPPECKE Batterien
Microtek
Su-Kam

Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the global battery market for solar PV inverters?
What are the key market trends impacting the growth of the global battery market for solar PV inverters?
What are the challenges to market growth?
Who are the key vendors in the global battery market for solar PV inverters?
What are the market opportunities and threats faced by the vendors in the global battery market for solar PV inverters?
Trending factors influencing the market shares of the EMEA, Americas, and APAC?
What are the key outcomes of the five forces analysis of the global battery market for solar PV inverters?

Technavio also offers customization on reports based on specific client requirement.

Related reports
Global Solar PV Inverter Market: Research Scope 2015-2019
Solar PV Market in Asia 2015-2019
Global Battery Energy Storage Market for Renewables 2015-2019
Please Select Format

Enquiry About Report

Need More Information

Contact us
+ 1-800-910-6452
+1-971-202-1575
+91 20 66346066
--- or ---
help@bigmarketresearch.com

 

UPCOMING MARKET RESEARCH REPORTS

World Fault Current Limiter Market - Opportunities and Forecasts, 2014 - 2020

Fault current limiter (FCL) minimizes the occurrence of fault currents and is a vital protection component in modern T&D networks to function properly. Growing concerns for reliable & efficient power supply ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World High Voltage Capacitors Market - Opportunities and Forecasts, 2014 - 2020

High Voltage (HV) capacitors consists of TRV capacitors, grading capacitors, coupling capacitors others, which serve various applications such as in power generation & distribution. Enhanced and modern grid infrastructure in order ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World Subsea Systems Market - Opportunities and Forecasts, 2014 - 2020

Subsea systems consists of ideal solutions for great oil recovery in maturing offshore wells by offering cost effective, and maintain the stability of offshore basins. Subsea processing systems comprise subsea ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World DC Drives Market - Opportunities and Forecasts, 2014 - 2020

DC drive is defined as an electric device, which is used for controlling the speed of DC motors by adjusting the input voltage or amperage or both. Reduction in operational ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World Screw Compressor Market - Opportunities and Forecasts, 2014 - 2020

Screw compressors consists of two helical rotors which are used in compressing external air to a set pressure, ensuring dry, clean, and compressed air.

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World AC Drives Market - Opportunities and Forecasts, 2014 - 2020

Alternate Current (AC) drives are electronic devices that control the speed & torque of an electric motor by alternating parameters such as voltage, frequency & magnetic flux. Optimizing energy consumption ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

2017 © Copyright Big Market Research

View Pricing >>