Global Battery Storage Inverter Industry will grow at a CAGR of 2.3% in the Next Five Years

Albany, New York, December 23, 2016: A recent report focusing on the battery storage inverter industry has been added to the vast database of Market Research Hub (MRH). It is entitled as “Global Battery Storage Inverter Industry In-Depth Investigation and Analysis Report 2016”. The study focuses on global or regional market, major manufacturers as well as market segmentation for the better understanding. Key regions highlighted in the report are- North America, Europe, Japan, India, China and Southeast Asia.

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Basically, batteries and other energy storage devices are used to contain energy so that it can be used when needed. The rising incidences of power outages in developed and developing countries is also driving the battery market for inverters. Through the geographical analysis, the battery storage inverter industry in the U.S., Europe, China and Japan accounts for 51% of the global consumer market share. Meanwhile, as the market tends to be saturated in the economically developed regions, the consumer market in some of the emerging economies such as China, India and Brazil is on a rise. Among them, the average output growth rate of battery storage inverter industry in China is 5.8%. According to the key findings, analysts believe that it will increase rapidly with a growth rate of 3% till 2020.

Initially, the report provides a brief analysis of the market along with its classification, applications and industry chain structure. Moreover, it contains OEM (Original Equipment Manufacturer) analysis, OBM (Original Brand Manufacturer) analysis and ODM (Original Design Manufacturer) analysis of Battery Storage Inverter industry. The study classifies the global market in terms of its varied product type, applications, network of supply chain and geography. As observed by the study, the market for battery storage inverter is to grow at CAGR of 2.3% in the next five years.

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Furthermore, major manufacturer’s analysis and their competitive scenario from the year 2011 to 2016 have been mentioned in the report. The Top manufacturers in the global market are:

• ABB
• Goodwe Power
• SMA Solar Technology AG
• Growatt Co.Ltd.
• Princeton Power Systems
• Eaton
• Bosch Group
• Sungrow
• Suntellite Group
• Redback Technologies

In the end, the report includes battery storage inverter new project SWOT analysis, investment feasibility analysis, investment return analysis and development trend analysis. Key findings of the study will help stakeholders to measure the growth prospects and understand the investment feasibility.

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This release was published on openPR.