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Global Solar Inverter Market Revenue Predicted To Go Up by 8.6% post 2023

08-21-2017 04:42 PM CET | Energy & Environment

Press release from: Market Research Future

Global Solar Inverter Market Revenue Predicted To Go Up by 8.6%

Market Research Future adds new report of “Global Solar Inverter Market Research Report- Forecast till 2023” it contains Company information, geographical data and Table of Content

Market Scenario

Solar Inverter are widely accepted owing to its property of instantaneous conversion of DC power input to AC current while connected to on-grid system. The growing number of solar power plants around the world, which are to be connected with the grid through an on-grid solar inverter are driving the market for solar inverter in the forecast period. Also, growing off-grid solar panel installation for commercial & industrial and residential use requires a reliable and safe power source converter, which is provided by solar inverter. All these factors will drive for the growth in solar inverter market.

Solar Inverter are segment into micro, string and central solar inverter. Micro solar inverter are expected to grow at the highest growth rate in forecast period, owing to rapid development in the utility sector which have installed solar power plants in them. Also micro solar inverter can monitor performance each solar panel, has improved installation & fire safety and has an operational efficiency of 90-95%. However, the high cost of solar inverter and high maintenance cost can restrain global solar inverter market.

Asia-Pacific region holds the largest share of 48% in global solar panels market in 2016 and is expected to grow at a high rate resulting into growth in sale of solar inverter subsequently. The continuous growth in industrial & commercial and utility sector in Asia –Pacific, requires a high amount of electricity for their operations. Also, the government initiative for utilization of renewable energy is making the end user opt for solar energy. All these factors will majorly constitute for the growth of solar inverter in this Asia-Pacific for forecast period.

The global solar inverter market is expected to grow at a CAGR of 8.6% during the forecast period.

Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/4071

Market Segmentation

• By Product Type; Micro, String and Central)

• By System Type; On-Grid and Off-Grid

• By End User; Industrial & Commercial, Utilities and Residential

• By Regions

Global Solar Inverter Market

Currently, the Solar Inverter market is in the growth stage. This is due to the increase in demand for power, and in cross-border power transmission, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to restrict carbon emission will boost the global solar inverter market. The Asia-Pacific region is the leading market for energy storage market and is followed by Europe and North-America.

Key Players

The key players of global solar inverter market are

• SMA Solar Technology AG (Germany)
• KACO New Energy Inc. (Germany)
• Mitsubishi Electric Corporation (Japan)
• Schneider Electric SE (France)
• Siemens AG (Germany)
• ABB Ltd. (Switzerland)
• Sungrow Power Supply Co., Ltd (China)
• Huawei Technologies Co. Ltd. (China)
• Hitachi Hi-Rel Power Electronics Pvt. Ltd. (India)
• General Electric Company (U.S)

Browse Report Details @ https://www.marketresearchfuture.com/reports/solar-inverter-market-4071

Intended Audience

• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Table of Contents

1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Solar Inverter Market, By Product Type
5. Global Solar Inverter Market, By System Type
6. Global Solar Inverter Market, By End User
7. Regional Market Analysis
8. Competitive Analysis

Enquire about this Report @ https://www.marketresearchfuture.com/enquiry/4071

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

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