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Trends in the Photovoltaic (PV) Inverter Market - Forecast to 2024

The global Photovoltaic (PV) Inverter Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.<br><br>

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Trends in the Photovoltaic (PV) Inverter Market - Forecast to 2024

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  1. Photovoltaic (PV) Inverter Market Price, Packaging Trends, Industry Outlook & Forecast 2016-2024

  2. Global Market Scenario of Photovoltaic (PV) Inverter Industry • Favorable government initiatives to promote sustainable energy will foster the Photovoltaic inverter market size during forecast period. Financial support and various scheme such as feed in tariff, net metering promote deployment of new project and development of renewable energy technologies will further complement the growth of this industry. In 2015, 78% of global photovoltaic market are driven by financial incentives, 6% from competitive tenders and 15% through net metering. • Growing demand for off grid electricity will augment global PV inverter market share during the forecast period. Modern energy access is essential for safety and security purpose. As of 2015, over 1.2 billion people across globe has no electricity access. Over 85% of population belongs to developing Asia and sub Saharan Africa and majority of people living in rural area. • Positive indicators towards off grid electricity demand coupled with cost effectiveness of renewable energy will favor the standalone PV inverter market size growth during forecast period.

  3. Continue… • Residential PV inverter market size was valued over USD 1,480 million in 2015 and is anticipated to expand at the rate of over 12 % in future. Electrification program in developing countries focusing on decentralize generation will favor this industry outlook. • Government initiatives to reduce carbon footprints and increasing demand for uninterrupted power supply is likely to augment the commercial application growth. • Reasons to Buy This Report: • 1. PV Inverter Market size & share forecast by product & application, 2016-2024 • 2. Growth drivers, pitfalls & industry challenges • 3. PV Inverter Market growth opportunities & emerging business models • 4. Competitive benchmarking with market share analysis and company profiles • U.S. PV inverter market share is projected to witness substantial gains over 19% owing to government measures toward energy conservation and adoption of renewable energy over conventional fuel. Minnesota, Colorado and Massachusetts will collectively install over 100 MW of solar community in 2016. • Chile was valued at USD 33.95 million in 2015 and is likely to be grow at the rate of over 13% by 2024. Increasing installation of large solar projects coupled with huge untapped potential may favor the business.

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