Pune, India -- (SBWIRE) -- 08/23/2018 -- Solar Inverter Global Market Top Key Players:-

BMW Group (Germany), Robert Bosch GmbH (Germany), Valeo SA( France), Cubic Corporation (U.S.), Amco S.A.(Greece), Siemens AG, Xerox Corp.(U.S), Altiux Innovations(Bangalore), Continental AG (Germany ), CivicSmart, Inc.(U.S) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Solar Inverter Market.

Industry News:

On Sep 2017, Delta launched Hybrid Inverter E-Series and All-in-One Energy Storage Solution for the Residential Solar Market
On 7 September, 2017- Solectria Solar introduced its new Solectria SLX line of American made inverters for commercial and utility-scale applications.

Get Sample Copy Of Report @ https://www.marketresearchfuture.com/sample_request/4071

On September 2017, ABB Ltd. has signed contracts with FRV, a leading global utility-scale solar developer, for the supply of central inverter solutions for two PV power plants in Jordan. The company had developed various products such as TRIO string inverter, high-power central inverter, PVS800-57B and also takes significant step forward in optimizing solar energy usage. This development will diversify their product line and reach to the customer. Moreover, Company had extended its geographic reach and manufacturing capabilities by making contract with FRV, the leading player for the supply of central inverter solutions.
In 17 Jan, 2017, Canadian solar subsidiary recurrent energy announces commercial operation of two solar photovoltaic projects in California. On 30 Nov 2015. Canadian Solar Inc. announced that its wholly owned subsidiary, Recurrent Energy, one of North America's largest solar project developers, signed a partnership agreement with Southern Power, a subsidiary of Southern Company.

Global Solar Inverter Market Demand:-

The global solar inverter market has been segmented based on type, system type, end-user, and region. Solar inverter are segment into central, string and micro. Central type inverter accounted for the largest share with 45.12% in the global solar Inverter market. String inverter type based solar inverter accounted for 36.29% share in the same year. On the basis of system type, On-Grid accounted for the largest market share, it allows to use of utility grid as a power storage medium instead of a battery bank. On the basis of end user, Utilities dominated the global solar Inverter market with a share and expected to grow at a CAGR of 16.85% during the forecast period. Geographically, Asia-Pacific is showing a high rate of growth in solar inverter market Asia-Pacific accounted for the largest market share of 49.64% in 2016, with a market value of USD 4,427.3 Million and is projected to grow at a CAGR of 16.44% during the forecast period.

Global Solar Inverter Market Segmentation:-

Solar inverter are segment into central, string and micro. Central type inverter accounted for the largest share with 45.12% in the global solar Inverter market. String inverter type based solar inverter accounted for 36.29% share in the same year. On the basis of system type, On-Grid accounted for the largest market share, it allows to use of utility grid as a power storage medium instead of a battery bank. On the basis of end user, Utilities dominated the global solar Inverter market with a share and expected to grow at a CAGR of 16.85% during the forecast period.

Access Complete Report @ https://www.marketresearchfuture.com/reports/solar-inverter-market-4071

Market Research Future Analysis:

Market Research Future analysis states that the global market of solar inverter market is estimated to grow at USD 24,507.3 million by the end of year 2023.
One of the primary drivers for the growth of solar energy is the important part played by the government initiatives and policies. Certain policies such as solar energy production, distribution and consumption, are developed by governments to sustain growth. Solar energy policies include legislation, international treaties and incentives to investment such as the formation incentives in the U.S. urbanization and economic development are leading to a rapid rise in energy demand in urban areas. Government are setting targets and introducing polices for promoting renewable energy as well as to reduce carbon emissions. Increasing awareness regarding fossil fuel conservation and clean fuel demand will complement the industry growth

Asia-Pacific is the largest power producer globally, and is the largest market for renewable energy generation across the globe The Solar inverter market is emerging in countries such as China, India, and Japan, and is estimated to grow at a high rate in the forecast period. The Asia-Pacific market is leading the global solar inverter market whereas the market in North America & Europe is expected to grow rapidly due to increased domestic demand for solar inverter.

For More Information or Query @ https://www.marketresearchfuture.com/enquiry/4071