Mar 12, 2019   SOURCE: BusinessWire

Global Solar PV Inverter Market Outlook to 2024 - Projected to Record a CAGR of Approx 5% - ResearchAndMarkets.com

The "Solar PV Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global solar PV inverter market was worth US$ 6.7 Billion in 2018. Looking forward, the global solar PV inverter market value is projected to exceed US$ 9.1 Billion by 2024, exhibiting a CAGR of around 5% during 2019-2024.

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. Morever, 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.

Based on the technology, the market has been segmented into central inverter, string inverter, microinverter and others. Central inverters currently represent the biggest segment.

Region-wise, Asia Pacific exhibits a clear dominance in the global solar PV inverter market. Other major regions include Europe, North America, Middle East and Africa and Latin America.

Key Questions Answered

  • 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 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?

Topics Covered

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Properties

4.3 Key Industry Trends

5 Global Solar PV Inverter Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Technology

5.4 Market Breakup by Voltage

5.5 Market Breakup by Application

5.6 Market Breakup by Region

5.7 Market Forecast

6 Market Breakup by Technology

6.1 Central Inverters

6.2 String Inverters

6.3 Microinverters

6.4 Others

7 Market Breakup by Voltage

7.1 < 1,000 V

7.2 1,000 - 1,499 V

7.3 > 1,500 V

8 Market Breakup by Application

8.1 Utility Scale

8.2 Residential Scale

8.3 Small Commercial Scale

8.4 Large Commercial Scale

8.5 Industrial Scale

9 Market Breakup by Region

9.1 Asia Pacific

9.2 Europe

9.3 North America

9.4 Middle East and Africa

9.5 Latin America

10 Global Solar PV Inverter Industry: SWOT Analysis

10.1 Overview

10.2 Strengths

10.3 Weaknesses

10.4 Opportunities

10.5 Threats

11 Global Solar PV Inverter Industry: Value Chain Analysis

11.1 Overview

11.2 Research and Development

11.3 Raw Material Procurement

11.4 Manufacturing

11.5 Marketing

11.6 Distribution

11.7 End-Use

12 Global Solar PV Inverter Industry: Porters Five Forces Analysis

12.1 Overview

12.2 Bargaining Power of Buyers

12.3 Bargaining Power of Suppliers

12.4 Degree of Competition

12.5 Threat of New Entrants

12.6 Threat of Substitutes

13 Global Solar PV Inverter Industry: Price Analysis

13.1 Price Indicators

13.2 Price Structure

13.3 Margin Analysis

14 Solar PV Inverter Manufacturing Process

14.1 Product Overview

14.2 Raw Material Requirements

14.3 Manufacturing Process

14.4 Key Success and Risk Factors

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

15.3.1 ABB Ltd

15.3.2 Schneider Electric SE

15.3.3 Siemens AG

15.3.4 Mitsubishi Electric Corporation

15.3.5 Omron Corporation

15.3.6 General Electric Company

15.3.7 SMA Solar Technology AG

15.3.8 Delta Energy Systems Inc.

15.3.9 Enphase Energy Inc.

15.3.10 SolarEdge Technologies Inc.

15.3.11 Huawei Technologies Co. Ltd

15.3.12 Kstar New Energy Co. Ltd

15.3.13 Sineng Electric Co. Ltd

15.3.14 Sungrow Power Supply Co Ltd

15.3.15 Tabuchi Electric Co. Ltd

15.3.16 TBEA Sunoasis Co. Ltd

15.3.17 Toshiba Corporation

For more information about this report visit https://www.researchandmarkets.com/research/3tmp7l/solar_pv_inverter?w=4