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SOLAR INVERTER 2017 GLOBAL MARKET EXPECTED TO GROW AT CAGR OF 15.65% AND FORECAST TO 2023

Press Release

A solar inverter is a common inverter but uses energy from the sun that is solar energy. This type of inverter aids in changing the DC into AC using solar power. The Solar Inverter is an essential device and its basic function of the inverter is to change the variable Direct Current output of the solar panels into Alternating Current. There are a few types of solar inverters available in the market which includes Micro Inverters, String Inverters and Central Inverter.

Growing awareness towards the use of renewable energy sources across the world that have led to the large-scale adoption of solar photovoltaic (PV) installations. The rising affordability of energy storage devices creates ample opportunities for the market. Moreover, Government also setting targets and introducing polices for promoting renewable energy as well as to reduce carbon emissions. Increasing awareness regarding fossil fuel conservation and clean fuel demand will complement the industry growth. However, the market also faces certain challenges such as high cost of solar inverter and high maintenance cost and others as well.

 

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The Global Solar Inverter Market Is Expected To Grow At 15.65% CAGR During The Forecast Period.

In 2016, the market was led by Asia-Pacific, with a 49.6 % share, followed by Europe and North America with shares of 35.0% and 12.3%, respectively. Solar inverter market is segmented into type, system type, end user and region wise. On the basis of type, Central type accounted for the largest market share of 45.12% in 2016 and is projected to grow at a CAGR of 15.31% during the forecast period. On the basis of system type, it is segmented into on-grid and off-grid. On-grid accounted for the largest market share and expected to grow at a CAGR of 15.86 %. On the basis of end user, utilities accounted for the largest market share of 40.10% in 2016. Solar inverter has great scope in Asia-Pacific region due to increasing demand for energy and identified as the best replacement to other conventional fossil fuel energy sources and is used to reduce carbon emission by effectively meeting the electricity needs.

Key Players 
ABB Ltd (Switzerland), SMA Solar Technology AG (Germany), Canadian Solar Inc. (Canada), SolarEdge Technologies Inc. (Israel), SunPower Corporation (U.S.), Delta Electronics, Inc. (Taiwan), Solectria Renewables, LLC (U.S.), Sineng Electric Co., Ltd. (China), Hitachi Hi-Rel Power Electronics Pvt. Ltd (India), and Power electronics (Spain).

 

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Table of Contents –Analysis of Key Points

1 Executive Summary

2 Introduction

3 Research Methodology

4 Market Dynamics

5 Market Factor Analysis

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http://www.abnewswire.com/pressreleases/solar-inverter-2017-global-market-expected-to-grow-at-cagr-of-1565-and-forecast-to-2023_155894.html

11 Company Profiles
11.1 ABB Ltd.
      11.1.1 Company Profile 81
11.1.2 Financial Overview 81
11.1.3 Product/Service Offering 82
11.1.4 Strategy 82
11.1.5 Swot Analysis 83
    11.2 SMA Solar Technology AG
      11.2.1 Company Profile 84
11.2.2 Financial Overview 84
11.2.3 Product/Service Offering 85
11.2.4 Strategy 85
11.2.5 Swot Analysis 86
    11.3 Canadian Solar Inc.
      11.3.1 Company Profile 87
11.3.2 Financial Overview 87
11.3.3 Product/Service Offering 88
11.3.4 Strategy 88
11.3.5 Swot Analysis 89
    11.4 SolarEdge Technologies Inc.
      11.4.1 Company Profile 90
11.4.2 Financial Overview 90
11.4.3 Product/Service Offerings 91
11.4.4 Strategy 91
11.4.5 Swot Analysis 92
    11.5 SunPower Corporation
      11.5.1 Company Profile 93
11.5.2 Financial Overview 93
11.5.3 Product/Service Offering 94
11.5.4 Strategy 94
11.5.5 Key Development (2014-2017) 95
11.5.6 Swot Analysis 95
    11.6 Delta Energy Systems
      11.6.1 Company Profile 96
11.6.2 Financial Overview 96
11.6.3 Product/Service Offering 97
11.6.4 Strategy 97
11.6.5 Key Development (2015-2017) 98
    11.7 Solectria Renewables, LLC
      11.7.1 Company Profile 99
11.7.2 Financial Overview 99
11.7.3 Product/Service Offering 99
11.7.4 Strategy 99
    11.8 Sineng Electric Co., Ltd.
      11.8.1 Company Profile 101
11.8.2 Financial Overview 101
11.8.3 Product/Service Offering 101
11.8.4 Strategy 102
    11.9 Hitachi Hi-Rel Power Electronics Pvt. Ltd
      11.9.1 Company Overview 103
11.9.2 Financial Overview 103
11.9.3 Product/Service Offering 103
11.9.4 Strategy 103
11.9.5 Key Development (2014) 103
    11.10 Power Electronics
      11.10.1 Company Profile 104
11.10.2 Financial Overview 104
11.10.3 Product/Service Offering 104
11.10.4 Strategy 104
11.10.5 Key Development (2016-2017) 105

....Continued 

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