Market Highlights
The Global Solar Inverter Market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of the solar panels market is majorly influenced by the growing demand for energy consumption around the world. Furthermore, electricity produced by renewable sources is clean, cost effective and renewable in nature. In 2015, China, being the world biggest carbon emitter, invested USD 102.9 billion in renewable energy, which accounted for 36% of world total. According to Institute for Energy Economics and Financial Analysis (IEEFA), China has increased its foreign investment in renewables and solar by 60 percent to reach a record USD 32 billion in 2017. However, the high capital cost for installation is acts as a major barrier for the growth of the solar inverter market.The Global Solar Inverter Market is poised to grow over USD 24,507.3 million by 2023 at an estimated CAGR of 15.65% through the forecast period.

Key Players
• SMA Solar Technology AG (Germany),
• KACO New Energy Inc. (Germany),
• Mitsubishi Electric Corporation (Japan),
• Schneider Electric SE (France),
• Siemens AG (Germany),
• ABB Ltd. (Switzerland)
• Sungrow Power Supply Co., Ltd (China),
• Huawei Technologies Co. Ltd. (China),
• Hitachi Hi-Rel Power Electronics Pvt. Ltd. (India)
• General Electric Company (U.S).

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The global solar inverter market has been segmented based on type, system type, end-user, and region. Solar inverter are segment into central, string and micro. Central type inverter accounted for the largest share with 45.12% in the global solar Inverter market. String inverter type based solar inverter accounted for 36.29% share in the same year. On the basis of system type, On-Grid accounted for the largest market share, it allows to use of utility grid as a power storage medium instead of a battery bank. On the basis of end user, Utilities dominated the global solar Inverter market with a share and expected to grow at a CAGR of 16.85% during the forecast period. Geographically, Asia-Pacific is showing a high rate of growth in solar inverter market Asia-Pacific accounted for the largest market share of 49.64% in 2016, with a market value of USD 4,427.3 Million and is projected to grow at a CAGR of 16.44% during the forecast period.

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Solar Inverter Market Research Report- Forecast till 2023”

Scope of the Report
The scope of the study segments the global solar inverter market by its product type, by system type, by end user and by region.
By Product Type
• Micro
• String
• Central
By System Type
• On-Grid
• Off-Grid
By End User
• Industrial & Commercial
• Utilities
• Residential
By Regions
• North America
• Asia Pacific
• Europe
Rest of the World

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Table of Content
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Assumptions
2.1 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Continue………..

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