Global Solar PV Inverter Market Research 2015-2019

DUBLIN, Nov. 10, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/snxjrv/global_solar_pv) has announced the addition of the "Global Solar PV Inverter Market: Research Scope 2015-2019" report to their offering.

The global solar PV inverter market to grow at a CAGR of 14.86% in terms of revenue and 21.53% in terms of annual installed capacity over the period 2014-2019.

The report, Global Solar PV Inverter Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market. The report includes the present scenario and the growth prospects of global solar PV inverter market for the period 2015-2019. The market can be segmented into three divisions: technology, application, and geography.

The most significant way to reduce GHG emissions is the use of renewable energy. Green energy generation involves the use of renewable sources such as solar energy, wind energy, and air and hydraulic energy to generate power. Therefore, it reduces carbon and other hazardous emissions considerably.

According to the report, the availability of PV inverters that are integrated with energy storage devices has increased considerably. This has helped address the increased need for efficient load management among industries in the renewable energy sector because energy storage devices ensure continued power supply in grids and minimize interruptions. As a result, load management has become more effective, increasing the reliability of power grids.

Further, the report states that one of the challenges faced by the market is solar power generation industry depends heavily on sunlight, seasonal fluctuations in the availability of sunlight could cause intermittent power supply issues.