Press release
PV Inverter Market to Grow Significantly With Increasing Advancements in Technology, Says QYR
In terms of production side, this report researches the PV Inverter capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of PV Inverter by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
PV Inverter is one power transfer apparatus, which is used to transfer the DC power generated through PV to AC power. For the reverse process of rectification, the apparatus is so called "inverter".When solar cells are disposed in sunlight, it produces direct curren. However the supply system in the form of DC power has an extremely limited. For example, fluorescent lamps, televisions, refrigerators, electric fans and so on cannot be used directly with DC power supply, and most electric machinery are as well. In addition, when the power supply needs to increase voltage or lower voltage, it is simply adding a Transformer in AC power system, while lifting technology of voltage in a DC system is much more complex. Therefore, in addition to direct use of communications, weather and other special DC power users, the production of electricity need to be equipped with a PV Inverter in PV systems.
At present, PV Inverter market is occupied by Sungrow Power, Huawei, and Sineng. Foreign companies, such as SMA, ABB and KACO have entered domestic market. However, due to the price and delivery of the service, the market share of is not high for the foreign companies. Statistics show that Sungrow Power PV Inverter companies occupy the major market share, the domestic PV power projects almost all selected domestic product.
As is shown in the Figure, Global PV inverter industry exhibites upward trend overall. Many opptunities exist in the next five years.
The PV Inverter market was valued at 6200 Million US$ in 2017 and is projected to reach 6260 Million US$ by 2025, at a CAGR of 0.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for PV Inverter.
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This report includes the following manufacturers; we can also add the other companies as you want.
Sungrow Power
Huawei
TBEA
SiNENG
KSTAR
KELONG
EAST
Chint Power
SSE
Samil Power
Growatt
JFY Tech.
ZTE Quantum
NEGO
GoodWe
SAJ
GinLong
Northern Electric (Qingdao)
APS
Omnik
SMA
ABB
Omron
TMEIC
Tabuchi
Advanced Energy
KACO
Schneider
Ingeteam
Fronius
Siemens
Satcon
Enphase
AROS Solar
KOSTAL
STECA
Green Power
Helios Systems
Siliken Electronics
LTI REENERGY
Market Segment by Product Type
Stand-alone inverters
Grid-tie inverters
Battery backup inverters
Market Segment by Application
Residential
Commercial
Others
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