A photovoltaic (PV) inverter, also commonly known as solar inverter, is a device which helps in changing the frequency of output from solar panel by converting the variable direct current (DC) output into alternating current (AC) frequency. This changed frequency can be directly used off-grid and by the local electrical network or can be fed into a commercial network. PV inverter is a significant element in a photovoltaic system and plays an important role in solar energy production by allowing direct use of commercial appliances. These inverters have special functions that allow them to be used with photovoltaic arrays, having functions such as anti-islanding protection and maximum power point tracking. Increasing installed capacity of solar energy in the European region is expected to be one of the key factors driving the growth of PV inverters in the region during the period of study.
Europe is the largest contributor to the photovoltaic (PV) production leading to the largest demand for photovoltaic (PV) inverters globally. Germany, being market leader for photovoltaic production in the world as well as region, dominated the demand for photovoltaic inverters in the region followed by Italy and France as second and third largest regional market for photovoltaic inverters in Europe. Demand for photovoltaic inverters in the region is expected to grow due to a pledge by the European Union to move towards clean energy in order to avoid causing further damage to the world's environment.
This report identifies the Europe PV Inverter market size for the years 2014-2016, and forecast of the same till the year 2022. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the Europe PV Inverter market.
This report segments the Europe PV Inverter market on the basis of design, application and regional market as follows:
- Europe PV Inverter market research report is classified on the basis of design. Some of the major designs covered in this report are as follows: Stand-alone inverters, Grid-tie inverters and Battery backup inverters.
- Europe PV Inverter market research report is classified on the basis of applications. Some of the major applications covered in this report are as follows: Commercial, Residential and Utility Scale Systems.
- This report has been further segmented into major countries in the region, which includes detailed analysis of each countries in the region such as: Germany, France, Italy, Spain, Russia, United Kingdom and Rest of Europe covering all the major country level markets in the region.
This report identifies all the major companies operating in the Europe PV Inverter market. Some of the major companies’ profiles in detail are as follows:
- MA Solar Technology
- Siemens AG
- KACO New Energy Inc.