Photovoltaic (PV) Inverter Market trends research and projections for 2016 – 2024

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

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• 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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Research Methodology
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