Market Study Report adds 2018-2024 Global Photovoltaic Inverter market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.
Selbyville, Delaware – January 9, 2019 —
MarketStudyReport.com Adds New Photovoltaic Inverter Market 2018 – 2024 research report providing information and data By Connectivity, By Product, By Application, By Power Class, By Nominal Output Voltage, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 480 Pages with table and figures in it.
The U.S. photovoltaic (PV) inverter market is predicted to grow owing to favorable government initiatives toward energy conservation along with imperative customer inclination toward the integration of renewable systems will further augment the business potential. In 2017, the annual installed capacity for solar in the U.S. accounted for around 380 MW, with the majority projects installed across Minnesota and Massachusetts.
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Photovoltaic (PV) Inverter Market is projected to exceed USD 11 billion by 2024. Large scale fund allocation toward sustainable grid integration along with favorable government reforms will boost the industry growth. In 2017, around 70% of global PV industry has been positively influenced by monetary schemes and approx. 10% through net metering respectively. Increasing stand-alone electricity demand accompanied by rapid expansion of microgrid infrastructure will further enhance the business dynamics.
The China photovoltaic (PV) inverter market is projected to witness an annual shipment of over 25 GW by 2024. Favorable energy conservation reforms along with positive consumer outlook toward the integration of sustainable energy networks will stimulate the product demand. According to IRENA, in 2017, the installed PV capacity across the globe accounted for over 90 GW.
Commercial photovoltaic inverter market is anticipated to grow over 6% by 2024. Rapid enhancement of distributed electricity generation technologies in line with favorable regulatory prospects in the emerging nations which focus on decentralized power generation will complement the business growth. Growing demand for clean & reliable energy coupled with extensive plans to curb the harmful GHG emissions will strengthen the utility deployments. FiT, tax benefits and various monetary leverages provided by government along with solar targets and integration of sustainable energy initiatives will further sway industry potential.
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Notable industry participants operating in the photovoltaic (PV) inverter market comprise ABB, SMA Solar, Sungrow, Furukawa, Huawei, Schneider Electric, Elettronica Santerno, Emerson Electric, REFU Elektronik, Enphase Energy, Tabuchi, Growatt, Panasonic, Solar Edge, Sineng, TMEIC, Shenzhen, Delta, SatCon, Chint, TBEA, Omron, Samil Power, Fronious International, KACO New Energy, SolarMax and General Electric.
Declining component cost coupled with advancing operational efficiency have favored solar installations, which in turn will ameliorate the global photovoltaic inverter market. Enhancement of existing technologies along with bulk manufacturing practices have entailed considerable decline in the overall component costs. In addition, stringent norms toward energy efficiency favored by increasing electricity demand will further foster the industry landscape.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Photovoltaic Inverter Industry Insights
Chapter 4. Photovoltaic Inverter Market, By Power Class
Chapter 5. Photovoltaic Inverter Market, By Nominal Output Power
Chapter 6. Photovoltaic Inverter Market, By Nominal Output Voltage
Chapter 7. Photovoltaic Inverter Market, By Connectivity
Chapter 8. Photovoltaic Inverter Market, By Product
Chapter 9. Photovoltaic Inverter Market, By Application
Chapter 10. Photovoltaic Inverter Market, By Region
Chapter 11. Company Profiles
For More Details on this Report: https://www.marketstudyreport.com/reports/photovoltaic-pv-inverter-market
United States Photovoltaic Inverter Market Report 2018
In this report, the United States Photovoltaic Inverter market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Name: Arun Hegde
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This news is published on Reuters.