DUBLIN--(BUSINESS WIRE)--The "Global Solar PV Inverters Market - Analysis of Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The solar PV inverters market is expected to witness considerable demand during the forecast period due to the increasing growth in the solar PV market.
During 2016, at least 75 GW of solar PV capacity was added worldwide, owing to increasing competitiveness of solar PV, as well as due to rising demand for electricity and improving awareness of solar PV's potential, as countries seek to alleviate pollution and reduce CO2 emissions. The increasing solar power capacity across the globe is likely to promulgate the demand for solar PV inverters during the forecast period, primarily driven by government regulations or incentives.
Asia witnessed the maximum growth in solar capacity in 2015, with a capacity of 139 GW (+50 GW). Almost half of all new solar capacity was installed in China in 2016 (+34 GW). Other countries with significant expansion included: the United States. (+11 GW), Japan (+8 GW), and India (+4 GW). Capacity in Europe expanded by 5 GW to reach 104 GW with most expansion occurring in Germany and the United Kingdom.
China has elevated its national strategic targets for new solar power generation capacity and has been reinforcing them with market-based incentives, government subsidies, and tax credits. In the recent years, there has also been an increased emphasis on inverters in China providing Zero-voltage Ride Through (ZVRT). To meet the Chinese Grid Code for ZVRT, PV power plants must continue to operate without breaking away from the grid for 0.15 seconds when the voltage at the point of interconnection drops to 0.
- ABB Ltd.
- Schneider Electric SE
- Siemens AG
- Mitsubishi Electric Corporation
- Omron Corporation
- General Electric 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.
- TMEIC Corporation
Key Topics Covered:
1. Executive Summary
2. Research Scope and Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. Porter's Five Forces Analysis
7. Global Solar PV Inverter Market Analysis, by Application
8. Global Solar PV Inverter Market Analysis, by Inverter Type
9. Global Solar PV Inverter Market Analysis, by Geography
10. Key Company Profiles
11. Competitive Landscape
12. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/mkzz2q/global_solar_pv?w=4