DUBLIN, 06/11/2021 – (BUSINESS WIRE)–The “Solar PV Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026” Report was added to ResearchAndMarkets.com to offer.
The global market for photovoltaic inverters showed moderate growth in the period 2015-2020. Looking ahead, the publisher expects the global photovoltaic inverter market to grow at a CAGR of around 6% in the period 2021-2026.
A solar inverter is one of the most important elements of a solar power plant. Often viewed as the brain of the system, its basic function is to convert direct current (DC) from solar panels to alternating current (AC). In addition, solar inverters help to maximize electricity production by constantly varying the resistance (load) and to comply with the regulations for feeding electricity into the grid.
The other capabilities of these inverters include power optimization, temperature management and the control and monitoring of all parameters, yields and operating data of the power plant. Currently, solar PV inverters are mainly used in the utility and industrial sectors.
Global Solar PV Inverter Market Trends:
The global demand for solar inverters has risen robustly in recent years. A key factor catalyzing this demand is the increasing environmental concerns about greenhouse gas emissions and the importance of solar and other renewable energy sources in reducing those emissions.
In addition, the rising cost of fossil fuels is also making solar power a more economical source of energy. In addition, the prices of solar inverters have fallen in recent years, making them more affordable for the general population.
This has resulted in strong growth in the installation of solar power systems in industrial and developing regions around the world. Other factors driving this market are the need for rural electrification, technological advancement, increasing government support, increasing investment in renewable energy, etc.
The story goes on
Key questions answered in this report:
How has the global market for photovoltaic inverters developed so far and how will it develop in the coming years?
What are the most important regional markets in the global PV inverter industry?
What has been the impact of COVID-19 on the Global PV Inverter Market?
How is the technological breakthrough in the global solar PV inverter market?
How is the global solar PV inverter market segmented by voltage?
How is the Global Solar PV Inverter Market split by 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 PV Inverter Market?
How is the global solar PV inverter market structured and who are the main players?
How is the competition in the global solar PV inverter market?
How are PV inverters made?
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. GmbH
Sungrow Power Supply Co Ltd
Tabuchi Electric Co. Ltd
TBEA Sunoasis Co. Ltd
Key topics covered:
2 Scope and methodology
5 Global Solar PV Inverter Market
6 Market division by technology
7 Market division according to voltage
8 Market division by application
9 Market breakdown 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: Porter’s Five Forces Analysis
13 Global Solar PV Inverter Industry: Price Analysis
14 Manufacturing process of solar PV inverters
15 competitive landscape
For more information on this report, see 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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