Tuesday, 16 February 2016
Global Solar PV Inverter Market, Growth and Price Analysis and Forecast 2016
A PV inverter is a device that converts direct current from solar panels into alternate current of the required frequency, which is then supplied to the electric grid. This device uses the maximum power point tracking (MPPT) technique to extract the maximum amount of power from an array of solar panels. Though it functions just as a simple converter, a PV inverter is the most essential part of a solar power plant.
Solar PV inverters are essential component of the solar PV systems and account for 10-15% of the overall cost. Solar inverter technologies are being rapidly developed and more sophisticated features such as remote monitoring and optimization are being integrated into the inverters. Factors such as quality, reliability, and efficiency are important purchase parameters of the inverters.
Technavio's analysts forecast the global solar PV inverter market to grow at a CAGR of 14.86% in terms of revenue and 21.53% in terms of annual installed capacity over the period 2014-2019.
Other prominent vendors
Danfoss Solar Inverter
Table Of Content
PART 01: Executive summary
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PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
Overview of the solar PV industry
Global solar PV inverter industry overview 2014
PART 05: Market landscape
Market size and forecast by annual installed capacity
Market size and forecast by revenue
Emerging market players
Top solar PV inverter products in 2014
Five forces analysis
PART 06: Market segmentation by technology
Global solar PV inverter market by technology 2014
Global solar PV inverter market by technology 2019
Global solar PV inverter market by technology 2014-2019
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