Global Photovoltaic Inverter Market 2009 2013

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					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
				
DOCUMENT INFO
Description: Photovoltaic 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. These inverters are generally classified into Stand-alone, Grid Tied, or Battery backup inverters. Stand-alone photovoltaic inverters are connected to electrical networks which do not have any other alternative power source and draw electricity only from photovoltaic cells. 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. Energy departments like the US Department of Energy have initiated programs like the Solar Energy Technology programs to decrease the dependance on hydrocarbon fuels. Under this program, systems like Solar Energy Grid Integration systems are being rapidly adopted where smart grids are integrated with PV systems. For such systems, smart grids are implemented, as they allow two way flow of power and communication. The Solar Technology program also provides financial assistance to vendors including PV inverter companies for further system optimization capabilities. Thus, through intelligent functionality and communication development, smart grids have been able to increase system performance, economic value, energy storage, and energy management; thus, driving the market for PV inverters. With developments in the PV inverter technologies, PV inverters are becoming more efficient and cost effective.
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