DUBLIN, Jun 11, 2021--(BUSINESS WIRE)--The "Solar PV Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global solar PV inverter market exhibited moderate growth during 2015-2020. Looking forward, the publisher expects the global solar PV inverter market to grow at a CAGR of around 6% during 2021-2026.
A solar inverter is one of the most essential elements of a solar electric power plant. Often considered as the brain of the system, its basic function is to convert direct current (DC) from solar panels to alternating current (AC). Apart from this, solar inverters help in maximizing electricity production by constantly varying the resistance (load) as well as ensuring compliance with regulations about feeding electricity into the grid.
Some of the other capabilities of these inverters include optimizing power, managing temperature, and controlling and monitoring all parameters, yields, and operational data of the power plant. At present, solar PV inverters majorly find applications in the utilities and industrial sectors.
Global Solar PV Inverter Market Trends:
The global demand of solar inverters has been rising robustly over the last few years. A key factor catalyzing this demand is the increasing environmental concerns regarding greenhouse emissions and the importance of solar and other renewable energy sources to reduce these emissions.
Moreover, the increasing cost of fossil fuels is also making solar power a more economical energy source. Additionally, the prices of solar inverters have also declined in recent years making them more affordable to the general population.
This has resulted in a strong growth in the installation of solar electric systems across both developed and developing regions across the globe. Other factors driving this market include the need for rural electrification, technological advancements, increasing government support, rising investments in renewable energy, etc.
Key Questions Answered in This Report:
How has the global solar PV inverter market performed so far and how will it perform in the coming years?
What are the key regional markets in the global solar PV inverter industry?
What has been the Impact of COVID-19 on the global solar PV inverter market?
What is the breakup of the global solar PV inverter market on the basis of technology?
What is the breakup of the global solar PV inverter market on the basis of voltage?
What is the breakup of the global solar PV inverter market on the basis of application?
What are the various stages in the value chain of the global solar PV inverter market?
What are the key driving factors and challenges in the global solar PV inverter market?
What is the structure of the global solar PV inverter market and who are the key players?
What is the degree of competition in the global solar PV inverter market?
How are solar PV inverters manufactured?
Schneider Electric SE
Mitsubishi Electric Corporation
General Electric Company
SMA Solar Technology AG
Delta Energy Systems Inc.
Enphase Energy Inc.
SolarEdge Technologies Inc.
Huawei Technologies Co. Ltd
Kstar New Energy Co. Ltd
Sineng Electric Co. Ltd
Sungrow Power Supply Co Ltd
Tabuchi Electric Co. Ltd
TBEA Sunoasis Co. Ltd
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Solar PV Inverter Market
6 Market Breakup by Technology
7 Market Breakup by Voltage
8 Market Breakup by Application
9 Market Breakup by Region
10 Global Solar PV Inverter Industry: SWOT Analysis
11 Global Solar PV Inverter Industry: Value Chain Analysis
12 Global Solar PV Inverter Industry: Porters Five Forces Analysis
13 Global Solar PV Inverter Industry: Price Analysis
14 Solar PV Inverter Manufacturing Process
15 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/asv37i
View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005310/en/
Laura Wood, Senior Press Manager
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