PV Inverter Market Industry Analysis and Detailed Profiles of Top Players (Huawei, TBEA, SiNENG, KSTAR, KELONG, EAST) |Global Business Outlook Till 2024
Global PV Inverter Market overview:
A solar inverter or PV inverter, is a type of electrical converter which converts the variable direct current output of a photovoltaic solar panel into a utility frequency alternating current that can be fed into a commercial electrical grid or used by a local, off-grid electrical network.The renewable energy has predominantly become a feasible alternative as the civilization stands at a critical juncture where the world is on a cusp of embracing clean energy at a scale never seen before. In the current scenario, it costs less to build a new solar or wind plant than to continue running a natural gas or coal plant.
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The Global PV Inverter Market is segmented on the basis of Product Tpe, Application, End Use Industry and Region. On the Basis of Product Type segment, the PV Inverter Market is sub segmented into Stand-alone inverters, Grid-tie inverters, Battery backup inverters. Based on End Use Industry segment, the PV Inverter Market is sub segmented into Residential, Commercial.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Asia-Pacific region is projected to register a highest growth in the market between 2020 and 2024. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness a slow growth during the forecast period due to stringent environment norms in the region. North America is a mature market with U.S. as a significant contributor. The country is a significant market for different types of solar equipment. Some of the recent trends in U.S. include an increase in sizes of central inverters and three-phase string inverters. Though this country has witnessed steady growth for string inverters, the central variant is anticipated to maintain the market hold over the next seven years.
Some of the PV Inverter Market manufacturers involved in the market are Sungrow Power, Huawei, TBEA, SiNENG, KSTAR, KELONG, EAST, Chint Power, SSE, amil 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, Acquisitions and effective mergers are some of the strategies adopted by the PV Inverter Market manufacturers. New product launches and continuous technological innovations are the PV Inverter Market strategies adopted by the major players.
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Key Questions Answered in this Report:
1 The study provides an in-depth analysis of the global PV Inverter Market and current & future trends to elucidate the imminent investment pockets.
2 Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
3 Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
4 The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
Latest Industry Updates:
Huawei:- During the Huawei Industrial Digital Transformation Conference 2020, Huawei officially launched its all-new UPS (Uninterruptible Power Supply)power module globally. The product enables the power density of a single module to reach 100 kW/3 U, twice that of industry standards1. Huawei's FusionPower2.0 data center power supply and distribution solution is based on the 100 kW module, and achieves the " 1MW, 1 Rack " (1 standard rack can support 1MW power)principle with a footprint that is more than halved, facilitating improved data center utilization and increased revenue.
With the development of AI, big data, cloud computing, and Internet of Things (IoT), data centers have become larger and more complex. With the continual evolution of IT computing capabilities and corresponding improvements to CPU and server power, high-density solutions will gain favor. Power supply and distribution systems in traditional large data centers face a myriad of issues, including low reliability, high power consumption, large footprint, and difficult O&M.
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Table of Contents:
1 PV Inverter Definition
2 Global PV Inverter Market Major Player Share and Market Overview
3 Major Player PV Inverter Business Introduction
4 Global PV Inverter Market Segmentation (Region Level)
5 Global PV Inverter Market Segmentation (Product Type Level)
6 Global PV Inverter Market Segmentation (Industry Level)
7 Global PV Inverter Market Segmentation (Channel Level)
8 PV Inverter Market Forecast 2020-2024
9 PV Inverter Segmentation Type
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