Global Solar Pv Inverter Market Size, Share, Trends and Forecast 2016

A PV inverter is a device that converts direct current from solar panels into alternate current of the required frequency, which is then supplied to the electric grid. This device uses the maximum power point tracking (MPPT) technique to extract the maximum amount of power from an array of solar panels. Though it functions just as a simple converter, a PV inverter is the most essential part of a solar power plant.

Solar PV inverters are essential component of the solar PV systems and account for 10-15% of the overall cost. Solar inverter technologies are being rapidly developed and more sophisticated features such as remote monitoring and optimization are being integrated into the inverters. Factors such as quality, reliability, and efficiency are important purchase parameters of the inverters.

Technavio's analysts forecast the global solar PV inverter market to grow at a CAGR of 14.86% in terms of revenue and 21.53% in terms of annual installed capacity over the period 2014-2019.

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Key regions

Americas

APAC

EMEA

Key vendors

ABB

Omron

SMA

Sungrow

TMEIC

Other prominent vendors

Bonfiglioli Riduttori

Danfoss Solar Inverter

Eaton

Emerson Electric

Enphase Energy

Fronius International

Table Of Content

PART 01: Executive summary

Highlights

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PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

Overview of the solar PV industry

Global solar PV inverter industry overview 2014

PART 05: Market landscape

Market overview

Market size and forecast by annual installed capacity

Market size and forecast by revenue

Emerging market players

Top solar PV inverter products in 2014

Five forces...