Jul 26, 2019   SOURCE: BusinessWire

Worldwide PV Inverters Market Forecasts to 2026: An $11.26 Billion Industry Opportunity - ResearchAndMarkets.com

The "PV Inverters - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to this research, the PV Inverters market accounted for $7.32 billion in 2017 and is expected to reach $11.26 billion by 2026 growing at a CAGR of 4.9% during the forecast period.

One of the major driving factors for this market is growing solar photovoltaic industry. Additionally, the growing demand for energy coupled with regulatory framework that supports clean energy are also driving the market for PV inverters market. However, substitute clean energy technologies such as hydropower are holding back the market in some regions. With the technological development in solar photovoltaic market, PV inverter market is expected to face boom in demand.

Based on nominal output power, 300 W is estimated to have highest growth during the forecast period. 300 W photovoltaic inverter market share is predicted to witness robust growth on account of their deployment favoured by lowering product costs across small-scale solar PV applications. Improving unit efficiencies along with increasing inclination towards operational flexibility will augment the product demand. Furthermore, the growing demand for cost-efficient and cost-effective PV installations in line with increasing off-grid deployment will complement the business outlook.

By geography, The U.S. photovoltaic inverter market is anticipated to witness overall industry growth market over the forecast period. Favourable regulatory measures pertaining to energy conservation and positive consumer outlook towards the deployment of sustainable energy will nourish the overall industry growth in North America region.

Some of the key players profiled in the PV inverter market include ABB, Delta Electronics Inc, Eaton, Emerson Electric Co, Hitachi Hi-Rel Power Electronics Pvt Ltd, Omron Corporation, Power Electronics, Siemens AG, SMA Solar Technology AG and SunPower Corporation.

What the report offers:

  • Market share assessments for the regional and country level segments
  • Market share analysis of the top industry players
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.4.1 Data Mining

2.4.2 Data Analysis

2.4.3 Data Validation

2.4.4 Research Approach

2.5 Research Sources

2.5.1 Primary Research Sources

2.5.2 Secondary Research Sources

2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Product Analysis

3.7 End User Analysis

3.8 Emerging Markets

3.9 Futuristic Market Scenario

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Photovoltaic (PV) Inverters Market, By Product

5.1 Introduction

5.2 Central PV inverter

5.2.1 Transformer Based

5.2.2 Transformer Less

5.3 Micro PV inverter

5.4 String PV inverter

5.5 Other PV inverter

6 Global Photovoltaic (PV) Inverters Market, By Type

6.1 Introduction

6.2 Parallel

6.3 Separate

7 Global Photovoltaic (PV) Inverters Market, By Connectivity

7.1 Introduction

7.2 Standalone

7.3 On-Grid

7.4 Off-grid

7.5 Battery Backup Inverter

8 Global Photovoltaic (PV) Inverters Market, By Nominal Output Power

8.1 Introduction

8.2 33,000 - 110,000 W

8.3 > 110,000 W

8.4 3,000 - 33,000 W

8.5 300 W

8.6 300 -3,000 W

9 Global Photovoltaic (PV) Inverters Market, By Nominal Output Voltage

9.1 Introduction

9.2 > 600 V

9.3 400 - 600 V

9.4 230 V

9.5 230 - 400 V

10 Global Photovoltaic (PV) Inverters Market, By Power Class

10.1 Introduction

10.2 Three Phase

10.2.1 High Power (>99kW)

10.2.2 Low Power (99 kW)

10.3 Single Phase

11 Global Photovoltaic (PV) Inverters Market, By Sales Channel

11.1 Introduction

11.2 Direct Channel

11.3 Indirect Channel

11.4 PV Inverter Customers

11.5 Distribution Channel

12 Global Photovoltaic (PV) Inverters Market, By End User

12.1 Introduction

12.2 Residential

12.3 Utility

12.4 Industrial

12.4.1 Chemical

12.4.2 Paper

12.4.3 Food Processing

12.5 Commercial

12.5.1 Office

12.5.2 College/University

12.5.3 Government/Military

13 Global Photovoltaic (PV) Inverters Market, By Geography

13.1 Introduction

13.2 North America

13.2.1 US

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 Italy

13.3.4 France

13.3.5 Spain

13.3.6 Rest of Europe

13.4 Asia Pacific

13.4.1 Japan

13.4.2 China

13.4.3 India

13.4.4 Australia

13.4.5 New Zealand

13.4.6 South Korea

13.4.7 Rest of Asia Pacific

13.5 South America

13.5.1 Argentina

13.5.2 Brazil

13.5.3 Chile

13.5.4 Rest of South America

13.6 Middle East & Africa

13.6.1 Saudi Arabia

13.6.2 UAE

13.6.3 Qatar

13.6.4 South Africa

13.6.5 Rest of Middle East & Africa

14 Key Developments

14.1 Agreements, Partnerships, Collaborations and Joint Ventures

14.2 Acquisitions & Mergers

14.3 New Product Launch

14.4 Expansions

14.5 Other Key Strategies

15 Company Profiling

15.1 ABB

15.2 Delta Electronics Inc.

15.3 Eaton

15.4 Emerson Electric Co.

15.5 Hitachi Hi-Rel Power Electronics Pvt. Ltd.

15.6 Omron Corporation

15.7 Power Electronics

15.8 Siemens AG

15.9 SMA Solar Technolgy AG

15.10 SunPower Corporation

For more information about this report visit https://www.researchandmarkets.com/r/nvls60