Solar PV Inverter Market, Update 2015 - Segmentation, Market Size, Competitive Landscape, and Analysis to 2020 Global Solar Photovoltaic Inverter Market Value Will Lose $500 Million by 2020, says Publisher The global market for solar Photovoltaic (PV) inverters will decline in value from an estimated $5.7 billion in 2014 to approximately $5.2 billion by 2020, due to the rapidly decreasing cost of inverters, according to a well-known research and consulting firm. https://firstgreenconsulting.files.wordpress.com/2013/02/solar-power-inverter-sb-3300-3800.jpg
The company’s latest report* states that while the annual addition of solar PV systems is increasing globally every year, the falling cost of inverters continues to reduce the market size, with prices expected to decrease by 20–25% in the forecast period to reach $0.13 per Watt (W) by 2020. A solar inverter converts direct current electricity generated from solar PV panels into alternating current to facilitate both grid connectivity and use with appliances. The Senior Analyst covering Power, says: “The average PV inverter price was $0.48 per W in 2010, following a sharp decline of around 60% over the preceding four years. The price will continue to drop as major tariff cuts impact installations and demand for PV inverters by 2020. “Manufacturing costs of PV inverters will also fall with improving economies of scale. The expansion plans of large manufacturers, such as SMA Solar Technology, Power-One, KACO New Energy and Refusol, will increase their supplies and saturate the market.” The analyst adds that of the world’s top 15 solar PV inverter manufacturers, 10 are headquartered in Europe, while five are based in North America and Asia-Pacific. Senior Analyst explains: “Germany-based SMA Solar Technology is the largest PV inverter manufacturer in the world, with an estimated production share of 9–11% in 2014. This is closely followed by Chinese company Sungrow, which is estimated to have held 9–10.5% of the global market in 2014. “Swiss firm ABB was previously the second largest manufacturer after SMA Solar with a share of around 10% in 2013. However, the company accounted for a decreased share of approximately 4–5% in 2014 due to lower installations in the European region, which is its major market.” *Solar PV Inverter Market, Update 2015 - Segmentation, Market Size, Competitive Landscape, and Analysis to 2020 This report provides analysis of the global solar photovoltaic inverter market, including historical and
forecast market data from 2006 to 2020 across the major countries of the US, Germany, Italy, China, Japan and India. This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by Publisher’s team of industry experts. Contact Us: Norah Trent
Partner relation & Marketing Manager +1-646-845-9349 norah.trent@wiseguyreports.com www.wiseguyreports.com Know Us: Facebook | LinkedIn | Twitter | Healthcare Blog
Key words: Solar, inverter, marker size, manufacturers, application, definition, benefits, cost analysis, stand alone, grid tied, battery, back up, installed capacity, segmentation, price, competitive landscape, regulation, policy, company profiles, market share
Solar Photovoltaic Inverter Market Research Report, solar photovoltaic inverter,solar pv inverter comparison,solar pv inverter prices Market Research Report ,solar pv inverter types,solar pv inverter manufacturers,solar pv inverter design,solar pv inverters reviews Market Research Report, solar pv
inverter problems,solar pv inverter sizing, solar pv inverter specification, Solar solar pv inverters reviews Market Research Report Solar Photovoltaic Inverter Global Market Research Report Solar Photovoltaic Inverter 2015 Market Research Report Solar Photovoltaic Inverter 2015 Research Report Solar Photovoltaic Inverter Industry Analysis Solar Photovoltaic Inverter 2015 Industry Analysis Solar Photovoltaic Inverter 2015 Market Trend