Solar Inverter Market Research Report

1. Report Title Solar Inverter Market Research Report GMI Research GMI Research See the Future Insights 1

2. As per the GMI Research's latest analysis, Global Solar Inverter Market reveals that the market is slated to register a higher CAGR over the forecast period. This is majorly attributed to the strong demand for a 24*7 electricity supply along with the rapid infrastructural development. Request for a FREE Sample Report on Solar Inverter Market Solar Inverter Market’s leading Manufacturers: •Emerson Electric Co. •Schneider Electric •Power-One, Inc. •SMA Solar Technology AG •KACO New Energy Inc. •SunPower Corporation •Canadian Solar •SolarEdge Technologies Inc. •Solectria Solar •Hitachi Hi-Rel Electronics Private Limited Solar Inverter Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis) Key Drivers The strong demand for a 24*7 electricity supply followed by the rapid infrastructural development are the key drivers contributing to the growth of the global solar inverter market size. Various governments worldwide are emphasizing on infrastructural development in their economies to surge their citizen's quality of life. For example, the UAE government is majorly aiming at the Smart Dubai project, which aims to convert the city into a major global smart city. The increasing construction activities which will further pay the way for the growth of the solar inverter market share in terms of revenue. Moreover, the rising greenhouse gas effect and growing environmental concerns are further promoting the use of solar inverters. The solar inverter minimizes the high cost of electricity bills and offers higher efficiency in the long run. Several stakeholders in the energy generation sector are proactively searching for growth opportunities to decrease carbon footprints by focusing on utilizing renewable energy sources for power generation. For example, the Italian government focused on touching 50 GW of solar power generation by 2030 to grow the share of renewable energy sources in the total power generation. The accelerating emphasis on renewable energy sources is another factor that will have a positive influence on the market's demand. On the other hand, the constant requirement of sunlight, high initial 2

3. installation cost, and the need for a large area for installation will hinder the market growth during the forecast period. Technology Segment Drivers Based on Technology, the market is segmented into micro-inverters, central inverters, string inverters, and power optimizers. The central inverters are expected to rise at a faster CAGR over the coming years. This is mainly due to the high demand for energy as a result of the increasing urbanization and the rising use of electricity. The central inverters are increasingly used in industries, buildings, and numerous field installations. These inverters have increased efficiency, provide less capital cost per watt, and are easy to install in comparison to other kinds of solar inverters. All these beneficial benefits will increase the demand for central inverters. Solar Inverter Market Segmentation: Segmentation by Technology: •Central Inverters •Micro-Inverters •String Inverters •Power Optimizers Segmentation by End-Use: •Industrial •Residential •Commercial •Utility Inverters Segmentation by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil 3

4. oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve. Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com 4