TechNavio today launched its Global Photovoltaic (PV) Inverter Market 2011“2015 report based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the past and future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Clean Tech team said; Despite the presence of major vendors that occupy a majority of the market share, there are many new vendors entering the market because of its growth prospects. For instance, Schneider entered the market in March 2011 by acquiring Xantren Technologies Inc. Additionally, Bosch entered the market in December 2011 by acquiring the inverter manufacturing wing of Conergy Inc. Through this acquisition, Bosch plans mass production of PV inverters. Hence, the increase in the number of new entrants is one of the significant trends in the market, which is leading to stiff competition among vendors.
According to the report, one of the major growth drivers in the Global PV Inverter market is the availability of PV inverters that are integrated with energy storage devices. This addresses the increasing need for efficient load management among the industries in the Renewable Energy Sector. Hence, the increasing number of applications of PV inverters is expected to significantly contribute to the growth of the Global PV Inverter market in the coming years.
Further, the report also discusses that the high development cost of PV inverters has led to a monopoly in the Global PV Inverter market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-photovoltaic-inverter-market-2011-2015
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TechNavio Announces the Publication of its Report “ Global Photovoltaic Inverter Market 2011“2015
