Published on : Aug 16, 2017
Albany, New York, August 16, 2017: Recently, it has been well identified that modern inverters are the most sophisticated electronic devices implemented in photovoltaic systems. A new report, focusing on the global demand for photovoltaic inverters has been prepared, which is titled as “Global and United States Photovoltaic Inverter In-Depth Research Report 2017-2022” and has been published to the online repository of Market Research Hub (MRH). With a prime focus on Global as well as United States market, this study portrays the current state of the industry and forecasts the market trends for the coming years. Data for 2012 to 2016 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global and the United States photovoltaic inverter market growth during the said period.
Solar Power is a great choice of an alternative energy system for use to power a home without relying on electrical power being purchased from an on-grid electric provider. Inverters are an important part of any solar installation; they are the brains of the system, whether it’s a 2-kW residential system or a 5-MW utility power plant.
At first, the report presents detailed market overview, covering information on Photovoltaic Inverter market sales, volume, revenue and price by players, by regions, by product type, by consumers and also changes in price. The research examines that inverters have evolved from much more than simply inverting the electrical currents of a solar energy system. Inverters must continue to innovate and bring down cost, while continuing key attributes for a solar energy system, in order to drive more PV penetration. Major features on PV inverter include-
- Automatic Operation and Shutdown Function
- Maximum Power Tracking Control Function
- Anti-stand-alone Function
- Automatic Voltage Adjustment Function
- DC Detection Function
Further, the U.S. market has been analyzed on the basis of major segments. The market has been segmented by its use, by waveform modulation, by features and its key consumers. By use, it includes standby power supply and grid connection. Grid connected inverters can be connected in parallel when higher powers are required. On the basis of waveform modulation, it covers Square Wave Inverter, Step Wave Inverter, Sine Wave Inverter and Combined Three-phase Inverter. In United States, PV inverter market share is projected to witness extensive gains due to government measures toward energy conservation and adoption of renewable energy over conventional fuel. Solar panels, photovoltaic power plants, and Home are the key consumers, finds study.
The report explores global and U.S. key industry players in detail, covering company details and competitors, inverter models and performance; sales, volume, revenue, price, gross margin. Additionally, it provides insight into the factors driving growth, the restraints, and the challenges, the most important market trends to watch out for, emerging opportunities for vendors in the market and a SWOT analysis of the leading vendors for the forecast period of 2017 to 2022. Some of the leading players are SMA Solar Technology AG (Germany), Ingeteam(Spain), ABB(Switzerland), REFUsol(Germany), SolarEdge (Israel), TMEIC(Japan), Enphase(US), Yaskawa - Solectria Solar (US), HUAWEI(China) etc.
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