Press release
Global PV Inverter Market to Witness a Pronounce Growth During 2023
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.
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Global PV Inverter Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that PV Inverter will register a 0.3% CAGR in terms of revenue, reach US$ 6310 million by 2023, from US$ 6200 million in 2017.
Global PV Inverter Market: Key Players
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
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Related Information:
United States PV Inverter Market Research Report 2018
Europe PV Inverter Market Research Report 2018
North America PV Inverter Market Research Report 2018
Asia-Pacific PV Inverter Market Research Report 2018
China PV Inverter Market Research Report 2018
EMEA PV Inverter Market Research Report 2018
Global PV Inverter Market Research Report 2018
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