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Energy Storage Report

Who will lead the global solar PV inverters market over the next four years?

The global solar photovoltaic (PV) inverters market is set to decline at compound annual growth rate (CAGR) of 13.2% and reach US$3.04bn in 2023, primarily due to a sharp drop in inverter prices and slowdown in solar PV installations.

The competitive market, economies of scale and removal of subsidies are forcing manufacturers to restructure their prices to retain business in a highly fragmented market.

Asia-Pacific (APAC) accounted for approximately 71% of the inverters installed globally in 2018, followed by the Americas with 16.5% and EMEA with 12.5%. Despite the contraction in its market share, APAC is expected to dominate the market over forecast period, supported by trends in China, India, and Japan.

GD_Solar_inverters
  • Why should you buy this report?
  • Analyze historical and forecast data on the solar PV inverters market.
  • Strengthen your business strategies based on trends and developments in the market.
  • Identify and understand key partners and business-development streams. On the basis of activities of your major competitors in the market.
  • Respond and react to your competitors’ business structure, strategies and prospects.

Learn how the global solar PV inverters market will look over the next few years.

GlobalData’s “Solar PV Inverters, Update 2018 – Global Market Size, Competitive Landscape, Key Country Analysis and Forecast to 2022” provides comprehensive information and an understanding of the solar PV inverters market.

It provides analysis of the current trend and future potential of the market at a global, regional and key countries level.

GlobalData’s power reports are created using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData’s team of industry experts.

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