Inverters for Renewable Energy Equipment Market Trends and Forecast 2 sep2016 | Page 2

REPORT DESCRIPTION The inverter industry is witnessing an emerging trend transition in its history. The inverter market is undergoing a major and intense technological innovation. The inverter industry has been a central focus for investments and project developments. The market witnesses regulations for safety and reliability of invertors by various organizations across the world. Additionally, technical challenges, imposed standards and requirements are increasing; however, the market players are competing with these challenges and are coming up with new products. Thus, against such backdrop in technological change and competitive landscape, the global inverter market is likely to grow significantly in the near future. Inverters for Renewable Energy Equipment Market: Trends Vendors are investing a large amount of funds in research and development to develop large capacity inverters advanced cooling systems which will also be able to tackle frequency fluctuation efficiently. Factors such as interruptive funding for technological innovation are changing the renewable energy inverters industry rapidly. As a part of technological development, renewable energy inverters are being developed; wherein, the market for these inverters is solely dependent on the renewable energy market. Several vendors are investing in order to provide better service to the customers and to increase the competency in the inverter market. Complete Report with TOC : http://www.transparencymarketresearch.com/inverters-for-renewable-energy-equipmentmarket.html There are certain design modifications of renewable inverters according to the area of application such as solar PV inverters, wind inverters, V2G-enabled PV inverters and stationary fuel cell inverters. Solar PV inverters can also be further segmented as string inverters, module-level power management optimizers and central inverters. North American and European renewable energy markets have grown at quite a good pace. Thus these regions are dominating the demand for renewable energy inverter. In addition, replacements repair and maintenance activities will help renewable energy inverter market grow in these regions. However, Asia Pacific and RoW are expected to become opportunities for this market considering the high development potential for renewable energy market. Inverters for Renewable Energy Equipment Market: Drivers and Restraints Increasing consumption of solar energy across the world is one of the major driving this market. The solar energy industry is emerging rapidly due to its advantages and governmental schemes such as feed in tariffs (FIT). Each of solar installations requires a mean of conversion from DC to AC such as solar inverter systems, which facilitate generated electricity to be fed into the power grid.