Global Photovoltaic Inverter Market 2009 2013

Global Photovoltaic Inverter Market



2009-2013

Global Photovoltaic Inverter Market









Table of Contents

1. Introduction...........................................................................................................3

2. Market Size and Forecast.........................................................................................4

3. Geographic Segmentation........................................................................................5

3.1.Market Size in Americas....................................................................................6

3.2.Market Size in EMEA.........................................................................................7

3.3.Market Size in APAC..........................................................................................8

4. Market Trends for Photovoltaic Inverter.....................................................................9

5. Market Drivers for Photovoltaic Inverter .................................................................11

6. Market Challenges for Photovoltaic Inverter.............................................................13

7. Vendors...............................................................................................................15

8. Related Reports in this Series.................................................................................20









List of Exhibits

Exhibit 2.1: Global Photovoltaic Inverter Market Size and Forecast 2009-2013 (In $million) 4

Exhibit 3.1: Global Photovoltaic Inverter Market Segmentation by Geography - 2009..........5

Exhibit 3.2: Photovoltaic Inverter Market Size in Americas - 2009-2013 (in $million)..........6

Exhibit 3.3: Photovoltaic Inverter Market Size in EMEA - 2009-2013 (in $million)...............7

Exhibit 3.4: Photovoltaic Inverter Market Size in APAC - 2009-2013 (in $million)...............8









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Global Photovoltaic Inverter Market









1. Introduction





Photovoltaic (PV) Inverters, also known as Solar Inverters, are electrical inverters that

convert Direct Current (DC) generated by a photovoltaic array into Alternating Current

(AC). Photovoltaic inverters are used to provide a clean reusable energy source for running

home appliances or an utility grid.









Photovoltaic inverters are generally classified into Stand-alone, Grid Tied or Battery backup

inverters. Stand-alone photovoltaic inverters, which do not have any other alternative

power source and draws electricity only from photovoltaic cells, are connected to electrical

networks. On the other hand, Grid-tied photovoltaic inverters are connected to the

electricity grid. These inverters produce Alternating Current, which matches phase with the

utility supplied sine-wave. Thus, these inverters can be used to sell excess electricity

generated by their photovoltaic array back to the utility grid. The third type, Battery back-

up photovoltaic inverters are connected to a battery, and charges the battery to store

power, which can be utilized during the night when solar power is not available.



The market for Photovoltaic inverters can be divided into Residential systems and

Commercial systems, as per their applications. Residential Photovoltaic inverters are

smaller in size and range from 1.6KW to 9.6KW, while the commercial Photovoltaic

inverters have 1-300 kW rating.



Of late, wireless communication capabilities are being integrated with the Photovoltaic

inverter market. This capability helps owners and enterprises access data and control

inverter functions from far off places.



Technological developments, decreasing PV system prices, favorable government policies

and increasing PV inverter efficiency are driving the market for Global PV inverters.



This report highlights the scope of the Global Photovoltaic Inverter market 2009-2013,

along with the trends, drivers, growth inhibitors, and a few major vendors in the market.









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Global Photovoltaic Inverter Market









2. Market Size and Forecast

According to TechNavio, the Global Photovoltaic Inverter market is forecast to reach

$5,587.8 million in 2013 from $3,523.0 million in 2009; thus, growing at a CAGR of 12.2

percent over the period (Exhibit 2.1).





Exhibit 2.1: Global Photovoltaic Inverter Market Size and Forecast 2009-2013 (In $million)







6,000

5,587.8



4,9