Solar PV Inverter Market
SHERIDAN, WYOMING, USA, October 20, 2022 /EINPresswire.com/ — According to the latest research report of the IMARC group, titled “Solar Photovoltaic Inverter Market Analysis: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, offers detailed analysis of market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the market scenarios current and future. The global solar PV inverter market reached a value of US$7.5 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$9.7 billion by 2027 , posting a CAGR of 4.83% over the period 2022-2027.
A photovoltaic (PV) solar inverter is one of the essential elements of a solar power plant. It includes solar panels and electrical and mechanical equipment that converts the direct current (DC) from the solar panels to alternating current (AC). It maximizes power generation by constantly varying resistance while ensuring compliance with grid power supply regulations. Therefore, it is widely used to generate green and clean energy and reduce air pollution levels and greenhouse gas emissions. There has been a tremendous increase in the adoption of solar photovoltaic inverters across the world as they are versatile, easy to install and quiet with low maintenance costs compared to other renewable energy systems.
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Global Solar PV Inverter Industry Demand Analysis:
Growing demand for sustainable energy sources is driving the global market. This may be supported by growing environmental concerns about greenhouse gas emissions. Along with this, the rapid development of the renewable energy sector due to the growing awareness of the importance of solar energy and other renewable energy sources in reducing the level of pollution is having a favorable impact on market growth. Additionally, continuous technological advancements in solar PV inverters are significantly supporting the global market. Other factors, including the growing need for rural electrification, growing adoption of solar panels, and growing investments by major manufacturers in extensive research and development (R&D) activities to introduce improved variants, are also positively influencing growth. of the market.
Top Brands in Global Solar PV Inverter Industry:
• ABB Ltd, Schneider Electric SE
• Siemens AG
• Mitsubishi Electric Corporation
• Omron Corporation
• General electricity 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. Ltd.
• Sungrow Power Supply Co Ltd
• Tabuchi Electric Co. Ltd.
• TBEA Sunoasis Co. Ltd.
• Toshiba Corporation
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Key Market Segmentation:
Breakdown by technology:
• central inverter
• string inverter
• micro-inverter
• others
Breakdown by application:
• utility ladder
• residential ladder
• small commercial scale
• large commercial scale
• industrial scale
Breaking by tension:
• < 1000V
• 1000 to 1499V
• > 1500V
Breakdown by region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others
Table of Contents of Solar PV Inverter Market Research Report:
• Preface
• Scope and methodology
• Summary
• Introduction
• Global market for photovoltaic solar inverters
• SWOT analysis
• Value chain analysis
• Price analysis
• Competitive landscape
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