TechNavio recognizes the following companies as the key players in the Global Inverter Systems Market for Renewable Energy: KACO New Energy Inc., Power-one Inc., Schneider Electric Co., and SMA Solar Technology AG.
Commenting on the report, an analyst from TechNavio’s team said: “Rapid technological advancement is one of the major emerging trends in the Global Inverter Systems market for Renewable Energy. Many vendors are involved in technology development in order to provide better service to their customers and increase their competency in the market. For instance, market vendors have recently invented a new class of power inverters that use a single switching transistor and generate infinite-level voltage, as compared to current inverters that use multiple transistors and provide only one voltage level. In addition, vendors are also investing a huge amount of funds in R&D to develop advanced cooling systems for large capacity inverters, which can also handle frequency fluctuation more efficiently. These technological advancements in the market are increasing the production and usage of inverters, thereby driving the growth of the Global Inverter Systems market for Renewable Energy during the forecast period.”
According to the report, one of the major drivers in this market is increasing solar energy consumption across the globe. The majority of solar installations require inverter systems to convert DC to AC, which enables the electricity generated to be fed into the main power grid.
Further, the report states that one of the major challenges confronting the market is the high maintenance cost of inverters. Inverters for renewable energy require continuous monitoring and maintenance to ensure optimal functional efficiency. Moreover, unplanned repairs increase the overall cost of ownership of invertors.
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 vendors. For further information on this report, please visit https://www.technavio.com/report/global-inverter-systems-market-for-renew…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Inverter Systems Market for Renewable Energy 2014-2018
