Global photovoltaic inverter market to grow at a CAGR of 13.90% 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.
- SMA Solar Technology
- OMRON Corporation
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
5. Market Landscape
6. Market Sizing
7. Five Forces Analysis
8. Market Segmentation by Application
9. Market Segmentation by Technology
10. Customer Landscape
11. Regional Landscape
12. Decision Framework
13. Drivers and Challenges
14. Market Trends
15. Vendor Landscape
16. Vendor Analysis
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