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Global Market for Solar PV Inverters

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release date: 2018-01-11 source; author;
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Global Market for Solar PV Inverters

The new report from Energy & Natural Resources Market Reports has been published today. It provides updated in 2018 year analysis of energy & natural resources industries.

A solar inverter is an electrical inverter that converts direct current (DC) electricity generated from a solar photovoltaic (PV) panels into alternate current to facilitate grid connectivity and use with appliances. The global solar PV inverter market is expected to grow steadily after experiencing a tremendous growth in the past year. China is the fast growing market, which is likely to reach the 1 GW cumulative installation mark soon. India and the rest of the Asia-Pacific region hold long-term growth potential with clear government road maps for increasing the share of renewable energy generation to reach 2020 targets.

The global solar energy market is largely dependent on government incentives and market stimulation packages such as the American Recovery and Re-investment Act (ARRA) carry benefits for the PV sector creating sustainable employment opportunities. The various stimulus packages announced in countries such as the US, Germany, China, South Korea, and France has driven companies to increasingly invest in sustainable energy. Such stimulus packages also attain the objective of attracting investments and employment opportunities into their economies. Climate change and environmental concerns will continue to be the prime factors determining the course of energy policy in most of the nations in the world. The global financial crisis has provided opportunities to governments around the world to alter the present energy generation mix.

The PV inverters market is largely a seller’s market and therefore pricing pressure is not as high as that on the module and cell sectors. However, inverters are also enduring their share of falling prices due to technological advances. Considerable developing is done in streamlining production processes, improving product efficiency and minimizing the number of power electronics components used to reduce costs. Fluctuations in component prices and the demand-supply gap are resulting in price fluctuations and therefore the pricing pressure is expected to be medium in this market during the forecast period, as increases in competition will lead to price reduction.

Governments across various countries have introduced financial support and capital subsidy programs to offset a certain percentage of the investment cost needed to set up PV plants or PV manufacturing units. Countries such as Spain, Germany, Italy, India and the US have introduced various subsidy and incentive programs to compensate for the high initial capital investment required for the development of solar PV.

Financial incentives provided by governments, such as feed-in tariffs (FIT), will remain a key driver for the development of the PV inverters market. FIT are one of the major incentives employed by European countries to increase grid-connected PV installations. Such installations have driven the demand for grid connected PV inverters. The uptake of FIT is critical for the development of the PV inverters market in countries like Germany, the US and Italy. The emergence of the Czech Republic, Canada, France and the UK as new PV hotspots can be largely credited to the FIT programs implemented by these countries.

SMA Solar, Fronius, KACO New Energy, Power-One, and Siemens are some of the major players in the global solar PV inverter market. Power-One has manufacturing facilities of PV inverters in Bracciolini, Italy; Arizona, the US; Ontario, Canada; and Hong Kong, China.

In this industry scenario, Taiyou Research analyzes the Global Market for Solar PV Inverters. The report covers the following:

– An introduction to solar PV inverters. We analyze what solar PV inverters are, the types of solar inverters available, applications and advantages of solar PV inverters, and many other basic points about solar PV inverters.

– An introduction to the global market for solar PV inverters in which we cover the industry definition, defining each type of solar PV inverter, an overview of the solar photovoltaic industry and the global solar PV inverter industry. We also analyze the cost components of PV systems and the impact of the global economic recession on the solar PV inverter market worldwide.

– An analysis of the global solar PV inverter market including global production statistics of PV inverters, industry revenues, region-wise and country-wise analysis of industry revenues, the average cost of PV inverters worldwide and the purchase criteria for PV inverters.

– An analysis of the industry segments and the factors driving the industry. We also analyze the various industry trends and the challenges facing the industry worldwide.

– An analysis of the solar PV inverter market in Canada which includes an analysis of the solar photovoltaics market in Canada, industry revenues for solar PV inverters, the average cost of PV inverters, grid-tied PV inverter market revenues, and an industry segmentation. Regulations governing the solar PV inverter market in Canada are also analyzed, along with the major domestic manufacturers.

– An analysis of the solar PV inverter market in China which includes an analysis of the solar photovoltaics market in China, industry revenues for solar PV inverters, the average cost of PV inverters in China, and the regulations governing the solar PV inverter market in China.

– An analysis of the solar PV inverter market in Czech Republic which includes an analysis of the solar photovoltaics market in Czech Republic, industry revenues for solar PV inverters, the average cost of PV inverters in the Czech Republic, and an industry Segmentation. The regulations governing the solar PV inverter market in Czech Republic are also analyzed.

– An analysis of the solar PV inverter market in France which includes an analysis of the solar photovoltaics market in France, industry revenues for solar PV inverters, the average cost of PV inverters, grid-tied PV inverter market revenues, and an industry segmentation. Regulations governing the solar PV inverter market in France are also analyzed.

– An analysis of the solar PV inverter market in Germany which includes an analysis of the solar photovoltaics market in Germany, industry revenues for solar PV inverters, the average cost of PV inverters, grid-tied PV inverter market revenues, and an industry segmentation. Regulations governing the solar PV inverter market in Germany are also analyzed, along with the major domestic manufacturers of solar PV inverters.

– An analysis of the solar PV inverter market in India which includes an analysis of the solar photovoltaics market in India, industry revenues for solar PV inverters, the average cost of PV inverters in India, and an analysis of the regulations governing the solar PV inverter market in India.

– An analysis of the solar PV inverter market in Italy which includes an analysis of the solar photovoltaics market in Italy, industry revenues for solar PV inverters, the average cost of PV inverters, grid-tied PV inverter market revenues, and an industry segmentation. Regulations governing the solar PV inverter market in Italy are also analyzed, along with the market share analysis of the major players in the industry.

– An analysis of the solar PV inverter market in Italy which includes an analysis of the solar photovoltaics market in Italy, industry revenues for solar PV inverters, the average cost of PV inverters, grid-tied PV inverter market revenues, and an industry segmentation. Regulations governing the solar PV inverter market in Italy are also analyzed, along with the market share analysis of the major players in the industry.

– An analysis of the solar PV inverter market in Japan which includes an analysis of the solar photovoltaics market in Japan, industry revenues for solar PV inverters, the average cost of PV inverters in Japan, and an analysis of grid-tied PV inverter market revenues in Japan. An analysis of the regulations governing the solar PV inverter market in Japan is also included.

– An analysis of the solar PV inverter market in Spain which includes an analysis of the solar photovoltaics market in Spain, industry revenues for solar PV inverters, the average cost of PV inverters in Spain, and an analysis of grid-tied PV inverter market revenues in Spain. An analysis of the regulations governing the solar PV inverter market in Spain is also included.

– An analysis of the solar PV inverter market in the United States which includes an analysis of the solar photovoltaics market in the US, industry revenues for solar PV inverters, the average cost of PV inverters in the US, and an analysis of grid-tied PV inverter market revenues in United States. An analysis of the regulations governing the solar PV inverter market in the US is also included. Regulations in various states are also profiled, along with an analysis of the major domestic manufacturers.

– An analysis of the competition in the global solar PV inverter industry including a market share analysis, a comparison of the major manufacturers and an analysis of production statistics of the leading players.

– An analysis of the leading players in the industry completes this in-depth report from Taiyou Research.

 


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