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MarketersMEDIA / Newsroom / The Global PV Inverters market is expected to reach $2, 015.25 million by 2026 growing at a CAGR of 29.8% during 2018 to 2026.

The Global PV Inverters market is expected to reach $2, 015.25 million by 2026 growing at a CAGR of 29.8% during 2018 to 2026.

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The key vendors mentioned are Sunpower Corporation, Sma Solar Technolgy Ag, Siemens Ag, Power Electronics, Omron Corporation, Hitachi Hi-Rel Power Electronics Pvt. Ltd., Emerson Electric Co, Eaton, Delta Electronics, Inc., and Abb.

— PV inverters also identified as solar inverters are essentially renewable energy systems that renovate DC power from the solar panel into AC power which can be openly used in home appliance. PV inverters can be characterized in central, string, micro, hybrid and battery inverters. Some of the factors such as increasing solar photovoltaic manufacturing and rising demand for energy united with a regulatory frame that supports clean energy are fuelling the market growth. However, deputy clean energy technologies such as hydropower are restraining market growth.

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Based on Nominal Output Power, ≤ 300 W photovoltaic inverter market is predicted to observe robust growth on account of their deployment favored by lowering product expenditure across small scale solar PV applications. Improving unit efficiencies along with growing inclination towards effective flexibility will augment the product demand.

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Products Covered:
• String PV Inverter
• Micro PV Inverter
• Central PV Inverter

Types Covered:
• Separate
• Parallel

Connectivity’s Covered:
• Battery Backup Inverter
• Off-Grid
• On-Grid
• Standalone

Nominal Output Powers Covered:
• > 110,000 W
• ≤ 300 W
• 3,000 – 33,000 W
• 300 -3,000 W
• 33,000 – 110,000 W

Nominal Output Voltages Covered:
• 400 – 600 V
• 230 – 400 V
• ≤ 230 V
• > 600 V

Power Classes Covered:
• Single Phase
• Three Phase

Sales Channels Covered:
• PV Inverter Customers
• Indirect Channel
• Direct Channel

End Users Covered:
• Utility
• Residential
• Industrial
• Commercial

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period

Contact Info:
Name: Sadhana Shukla
Email: Send Email
Organization: Syngene Market Research Reports

Source URL:

Source: MarketersMedia

Release ID: 88906328

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