Solar hybrid inverters apart from converting direct current to alternate current can also store excess power while working in tandem with batteries. This type of inverters solves the issues related to renewable energy variability and unreliable grid structures.
Technavio’s analysts forecast the global solar hybrid inverter market to grow at a CAGR of 9.05% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global solar hybrid inverter market for 2017-2021. To calculate the market size, the report considers the new installations and exclude replacement/aftermarket sales.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Solar Hybrid Inverter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Flin Energy • Luminous India • Microtek Inverters • Schneider Electric • Su-Kam Power Systems
Other prominent vendors • Delta Energy Systems • EAST Group • KACO new energy • Pure Volt • TABUCHI ELECTRIC • SHANGHAI SUNVIS NEW ENERGY • Voltronic Power Technology • SOLAX POWER • SolarEdge Technologies • Redback Technologies • Growatt New Energy Technology • GoodWe (Jiangsu) Power Supply Technology • Lavancha Renewable Energy
Market driver • Rise in solar energy installations • For a full, detailed list, view our report
Market challenge • Technical problems associated with solar PV components • For a full, detailed list, view our report
Market trend • Rise in adoption of hybrid power systems in telecom towers • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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