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Date Submitted: 12/11/2015 04:39 AM
Global Battery Market for Solar PV Inverters 2015-2019 report is the latest addition to RnRMarketResearch.com industry research reports collection. The report is about 77 pages and provides 34 Exhibit; the report is published in Nov -2015.
Global battery market for solar PV inverters to grow at a rapid rate during the forecast period and results in its impressive CAGR of nearly 19% by 2019. The market research analyst has estimated factors like the rising market competition and growing supply chain efficiency to bolster market growth during the forecast period.
Complete report available http://www.rnrmarketresearch.com/global-battery-market-for-solar-pv-inverters-2015-2019-market-report.html
Augmented demand for inverter batteries from solar PV systems is the key driver for the growth of this market. Due to depleting fossil fuel reserves and rising fuel prices, many countries across the globe are now adopting renewable power sources for electricity generation. Since the power generated from such sources is intermittent in nature, energy storage systems play a vital role in meeting the rising power demand, which in turn drives the need for inverters and battery systems.
End-user segmentation of the battery market for solar PV inverters
• Utility
• Residential
• Non-residential
Purchase a Copy of the Report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=429619 (Single User License - US $2500)
In this market research report, The market research analysts estimate the non-residential segment to dominate over all the other sectors during the forecast period. The non-residential sector mainly includes commercial, industrial, and government entities that require energy storage options to enhance their solar generation capacities and mitigate high peak energy demand charges. Factors like the installation of high-capacity battery units in non-residential sectors such as hospitals, government, SMB IT, and telecom are expected to result in its high market...