PV Inverter Market Research
A PV inverter, also known as the solar inverter, is a type of electrical inverter that is made to change the direct current (DC) electricity from a photovoltaic array into alternating current (AC) for use with home appliances and possibly a utility grid.
Research indicates that the global PV inverter market is forecast to reach $8.5 billion by 2014, growing at a compound annual growth rate of nearly 25%. The studies further highlight that more than 7 million inverters are expected to be sold in 2014, up from less than 1 million in 2009.
As per research findings, it was observed that despite a factory-gate price decline of around 11% in 2010, revenues generated from PV inverters more than doubled, and exceeded $5 billion for the first time. It is expected that in the long run, positive growth is predicted to continue, despite on-going price reductions and architecture changes, and the market is likely to double in size again in the next 5 years.
The PV Inverter market research reports incorporate trend analysis, statistics, market size information, industry growth rates, as well as market share of competitors. The comprehensive research also goes on to examine details such as technology & systems and domestic & international markets.
The study is an essential resource for top-level data and analysis covering the PV inverter industry. It includes detailed data on market size and segmentation, comprehensive analysis of the key trends and competitive landscape, and profiles of the leading companies.