Global photovoltaic inverter market to grow at a CAGR of 13.9% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is growing demand for polycrystalline solar panels. Different types of films such as monocrystalline, polycrystalline, and amorphous films are used in solar panels, among which monocrystalline films are the most popular films.
According to the report, one driver in the market is decline in LOCE of solar power generation and cost of solar inverters. The cost of solar power generation has been reducing over the last five years. The cost of the PV systems reduced drastically due to improvements in technology and projects management.
Further, the report states that one challenge in the market is intermittent nature of solar energy. With the reducing installation cost and environmentally friendly government regulations, the solar PV market is growing rapidly. However, the intermittent nature of solar energy is a major challenge for the market growth.
PART 06: MARKET SIZING Market definition Market sizing 2017 Market size and forecast 2017-2022
PART 07: FIVE FORCES ANALYSIS Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 08: MARKET SEGMENTATION BY APPLICATION Segmentation by application Comparison by application On-grid - Market size and forecast 2017-2022 Off-grid - Market size and forecast 2017-2022 Battery backup inverter - Market size and forecast 2017-2022 Market opportunity by application
PART 09: MARKET SEGMENTATION BY TECHNOLOGY Segmentation by technology Comparison by technology Central inverters - Market size and forecast 2017-2022 String inverters - Market size and forecast 2017-2022 Micro-inverters - Market size and forecast 2017-2022 Market opportunity by technology
PART 10: CUSTOMER LANDSCAPE
PART 11: REGIONAL LANDSCAPE Geographical segmentation Regional comparison APAC - Market size and forecast 2017-2022 Americas - Market size and forecast 2017-2022 EMEA - Market size and forecast 2017-2022 Key leading countries Market opportunity
PART 12: DECISION FRAMEWORK
PART 13: DRIVERS AND CHALLENGES Market drivers Market challenges
PART 14: MARKET TRENDS Growing demand for polycrystalline solar panels Rise in deployment of microgrids Rise in adoption of hybrid power systems in telecom towers
PART 15: VENDOR LANDSCAPE Overview Landscape disruption Competitive scenario
PART 16: VENDOR ANALYSIS Vendors covered Vendor classification Market positioning of vendors ABB SMA Solar Technology OMRON Corporation Huawei TMEIC SUNGROW