DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Asia-Pacific Renewable Energy Inverters Market, Forecast to 2021" report to their offering.
The Asia-Pacific Renewable Energy (RE) inverters market is entering the mature stage, especially in developed countries such as Australia and Japan. However, growth potential still exists in Southeast Asia, as RE adoption growth is still promising. The market registered a revenue that was close to $2.5 billion and is forecasted to expand by less than 1% from 2016 to 2021. The low Compound Annual Growth Rate (CAGR) is attributed to the maturity of the largest markets such as Australia, Japan, and South Korea.
In this study, the use of inverters usually reflects the development of RE. In Australia, solar and wind energy development are equally significant. This trend is expected to continue for the next 5 years, in spite of lowering of Feed-in-tariffs (FiTs) in the country. Southeast Asia's RE inverter market is expected to account for double digit growth from 2016 to 2021, whereby the off-grid RE inverter market will find opportunities in rural electrification projects in this region. The top 5 countries with an attractive wind energy inverter market are Japan, Australia, South Korea, the Philippines, and Thailand. However, in the base year, this market was dull but is expected to pick up during the forecast period due to projects from these nations.
Top 3 market participants with the highest share are
- Tabuchi Electric
The other companies mentioned in this study include
- Fuji Electric
- Schneider Electric
Key Topics Covered:
1. Executive Summary
3. Market Overview
4. Drivers and Restraints-Total RE Inverters Market
5. Forecasts and Trends-Total RE Inverters Market
6. Competitive Analysis-Total RE Inverters Market
7. East Asia Breakdown
8. ANZ Breakdown
9. Southeast Asia Breakdown
10. Growth Opportunities and Companies to Action
11. The Last Word
For more information about this report visit http://www.researchandmarkets.com/research/9689h2/asiapacific