Global Solar Hybrid Inverter Market Overview:
Solar Hybrid Inverter is a combination of inverter and solar charge regulator. These inverters are able to control the solar panel arrays for storing batteries and power grids, simultaneously. The major purpose of using solar hybrid inverter converts DC power generated from the array into usable AC power. These inverters are used as backup solar storage and are easy to install. Government regulations promoting the use of energy management systems (EMS) will support market growth. For instance, the South African cabinet has approved a goal to reduce greenhouse gas emissions to net-zero by 2050. The rising investments in solar power systems are expected to boost the market size in the forecast period. Some of the players profiled in the study are Flin Energy (India), Havells (India), Schneider Electric (France), Microtek Inverters (India), Luminous (India), EAST Group (China), KACO new energy (Germany), Tabuchi Electric (United States), SolarEdge Technologies (Israel), Voltronic Power Technology (Taiwan), SolaX Power (China), Delta Energy Systems (Germany), Pure Volt (India), Su-Kam power systems (India) and Redback Technologies (Australia). According to Market Analyst at AMA, the Global Solar Hybrid Inverter market may see a growth rate of 9.01%
On the basis of geography, the market of Solar Hybrid Inverter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Solar Hybrid Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grid Type, the sub-segment i.e. On Grid will boost the Solar Hybrid Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Expenditure In Solar Power Systems
- Government Promote The Use Of Energy Management Systems (EMS)
- Demand For Polycrystalline Solar Panels
- High Cost Of Solar Hybrid Inverters
- Rise In Adoption Of Hybrid Power Systems In Telecom Towers
- Growing Deployment Of Microgrids
- High Operating And Maintenance Cost
The manufacturers in the global solar hybrid inverter market continue to focus on innovation and technological advancements in the product. Such developments coupled with competitive pricing are likely to assist in increasing market share over the forecast period. The key players are investing heavily in research & development to enhance the product quality and to overcome problems faced while manufacturing solar hybrid inverter products.
Target Audience:New Entrants/Investors, Analysts and Strategic Business Planners, Solar Hybrid Inverter Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
Major Objectives Focused through this Study To define, describe, and forecast the Global Solar Hybrid Inverter market on the basis of product [Single-Phase and Three-Phase] , application [Commercial and Residential], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Solar Hybrid Inverter market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Solar Hybrid Inverter industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Solar Hybrid Inverter market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.