Photovoltaic (PV) Inverter Market Research and Analysis is Expected to Cross US$ 9.97 Billion by 2026 : Panasonic Corp, Furukawa Battery Co Ltd, REFU Elektronik GmbH, etc

New York, NY -- (SBWire) -- 03/08/2021 --The Photovoltaic (PV) Inverter Market is expected to grow to USD 9.97 Billion in 2026, at a CAGR of 3.7%. The global market share of PV inverters will be driven by favorable government initiatives to promote renewable energy and large - scale investments in sustainable grid integration. Monetary financing and various government schemes, including net metering, feed tariffs to support the creation of innovative projects and the development of advanced technologies, will further increase growth in the industry.

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Top Players Covered in the Report Include:
Schneider Electric (France), Panasonic Corp. (Japan), Furukawa Battery Co., Ltd. (China), REFU Elektronik GmbH (Germany), SatCon Technology Corp. (US), Delta Group (Taiwan), Chint Group Co. Ltd. (China), Fronious International GmbH (Austia), Emerson Electric (US), ABB (Switzerland), General Electric (US).

The decreasing cost of solar components and increased operational efficiency have increased solar systems, which in turn will drive the growth of the global photovoltaic inverter market. The improvement of primitive technologies in conjunction with volume production practices has led to a significant reduction in the overall price of components. In addition, the industry's landscape will be further enhanced by strict government standards to curb GHG emissions favored by rising electricity demand.

The Report "Photovoltaic (PV) Inverter Market By Application (Residential, Commercial, Industrial, Utility), By Connectivity (Standalone, On-Grid), By Product (Micro, String, Central), By Power Class (Single Phase, Three Phase), By Nominal Output Voltage (? 230 V, 230 - 400 V, 400 - 600 V, > 600 V), By Nominal Output Power (? 300 W, 300 -3,000 W, 3,000 - 33,000 W, 33,000 - 110,000 W, > 110,000 W) - Global Forecast to 2026-Global Forecast to 2026 is forecasted to reach USD 9.97 Billion by 2026"

Further key findings from the report suggest
The Photovoltaic (PV) Inverter market is expected to grow to USD 9.97 Billion in 2026, at a CAGR of 3.7%. The global market share of PV inverters will be driven by favorable government initiatives to promote renewable energy and large - scale investments in sustainable grid integration.

On the basis of power class, the three-phase units are expected to have the largest market share during the forecast period. Due to their efficient operation in large-capacity industrial installations and transmission networks, three-phase units have a significant share of revenue. In addition, the increasing demand for reliability of power across industries, including mining and oil and gas, will further increase the demand for products.

On the basis of nominal output power, the market share of photovoltaic inverters of 300 W is expected to grow strongly due to their use, which is favored by lower product costs in small - scale solar photovoltaic applications. Improving unit efficiencies and increasing flexibility in operation will increase product demand.
In addition, the growing demand for cost - effective and cost - effective photovoltaic installations will complement the business outlook in line with increasing off - grid deployment.

On the basis of nominal output voltage, the ? 230 V inverter market is expected to be valued at USD 3.71 Billion in 2026. Increasing demand from the downstream sector will increase the business landscape, along with increasing product shipments to China. The global installed photovoltaic capacity reached 100 GW in 2018, with more than 50% of China's installations.

Photovoltaic inverters on the solar grid market are expected to gain more than 9.4% by 2026. Current electrification programs and favourable government initiatives to improve the deployment of sustainable electricity infrastructure connected to the grid will further stimulate the business outlook.

The market for residential photovoltaic inverters is expected to grow by 2026 at a rate of more than 10%. The global industry outlook will be favoured by the electrification program in developing countries focusing on decentralized generation and the rapid advancement of distributed generation technologies.

Asia Pacific led the market in 2018 with more than 52% of the market share. This can be directly attributed to the commissioning of several solar farms in the region, particularly in China and India, on a network scale. In driving solar power installations in the region, government subsidies and purchase incentives played the main role.

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Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of connectivity, product, application, power class, nominal output power and nominal output voltage.

Power Class (Revenue, USD Million; 2016–2026)
Single Phase
Three Phase (?99 kW)

Nominal Output Power (Revenue, USD Million; 2016–2026)
< 300 W
300 - 3,000 W
3,000 - 33,000 W
33,000 - 110,000 W
> 110,000 W

Nominal Output Voltage (Revenue, USD Million; 2016–2026)
< 230 V
230 - 400 V
600 V

Connectivity (Revenue, USD Million; 2016–2026)
Stand-alone
On-grid

Product (Revenue, USD Million; 2016–2026)
Micro
String
Central
Transformer based
Transformer less

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Region (Revenue, USD Million; 2016–2026)
North America
US
Canada
Europe
Germany
France
UK
APAC
China
India
Latin America
Brazil
Middle East & Africa

The Photovoltaic Pv Inverter Market report offers valuable insights into the Market, which include:
Trends observed in the consumption pattern in each regional Market examined in the study
Historical and current Market scenario, along with the expected progress of the global Photovoltaic Pv Inverter Market.

Extensive segmentation of the global Photovoltaic Pv Inverter Market to better understand the revenue and estimated growth in individual regions.

Precise the year-on-year growth of the global Photovoltaic Pv Inverter Market in the forecast duration.
Market trends, including technological advancements, revenue growth, and other Market aspects affecting the growth of the global Photovoltaic Pv Inverter Market.

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Table of Contents

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Global usage of In-Mold Label
3.1.2. Global In-Mold Label Usage by Solution

Chapter 4. In-Mold Label Market Segmentation & Impact Analysis
4.1. In-Mold Label Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. In-Mold Label Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Integration of large - scale renewable energy
4.4.1.2. Restructuring and refurbishment of existing electrical infrastructure
4.4.2. Market restraint analysis
4.4.2.1. Access to auxiliary technologies

Chapter 5. In-Mold Label Market By Power Class Insights & Trends
5.1. Power Class Dynamics & Market Share, 2018 & 2026
5.2. Single Phase
5.2.1. Market estimates and forecast, 2016 – 2026 (USD Million)
5.2.2. Market estimates and forecast, by region, 2016 – 2026 (USD Million)
5.3. Three Phase
5.3.1. Market estimates and forecast, 2016 – 2026 (USD Million)
5.3.2. Market estimates and forecast, by region, 2016 – 2026 (USD Million)
5.3.2.1. Low Power (?99 kW)
5.3.2.2. High Power (>99 kW)

Chapter 6. In-Mold Label Market By Nominal Output Power Insights & Trends

Continued…..