Energy and Power

Global Solar PV Inverter Market: Research Scope 2015-2019

  • TEC331295
  • 100 Pages
  • September 2015
  • Energy and Power
About solar PV inverters
A PV inverter is a device that converts direct current from solar panels into alternate current of the required frequency, which is then supplied to the electric grid. This device uses the maximum power point tracking (MPPT) technique to extract the maximum amount of power from an array of solar panels. Though it functions just as a simple converter, a PV inverter is the most essential part of a solar power plant.

Solar PV inverters are essential component of the solar PV systems and account for 10-15% of the overall cost. Solar inverter technologies are being rapidly developed and more sophisticated features such as remote monitoring and optimization are being integrated into the inverters. Factors such as quality, reliability, and efficiency are important purchase parameters of the inverters.

Technavio's analysts forecast the global solar PV inverter market to grow at a CAGR of 14.86% in terms of revenue and 21.53% in terms of annual installed capacity over the period 2014-2019.

Covered in this report
The report includes the present scenario and the growth prospects of global solar PV inverter market for the period 2015-2019. The market can be segmented into three divisions: technology, application, and geography.

Technavio's report, Global Solar PV Inverter Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.

Key regions
Americas
APAC
EMEA

Key vendors
ABB
Omron
SMA
Sungrow
TMEIC

Other prominent vendors
Bonfiglioli Riduttori
Danfoss Solar Inverter
Eaton
Emerson Electric
Enphase Energy
Fronius International
GE
Jiangsu Zeversolar New Energy
Mitsubishi Electric
Proniso
REFUsol
Riello
Siemens
TDK
Toshiba

Market driver
Growth in global PV installations and increase in solar energy consumption
For a full, detailed list, view our report

Market challenge
Seasonal fluctuation of solar power availability
For a full, detailed list, view our report

Market trend
Increased need to reduce carbon emissions
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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