Market Outlook of PV Inverter to Exhibit Substantial Growth Globally During the Forecast of 2016-2021
No of Pages – 115 Publishing Date- December, 2016
Browse detailed TOC, Tables, Figures, and Charts in Global Serial Device Server Consumption 2016 Market Research Report at: http:// www. marketresearchhub. com / report / global-pv-inverter-market-outlook-2016-2021-report. html
The global market of PV inverters is the focus of a new study report, added to the vast portfolio of Market Research Hub( MRH). The title of the report is“ Global PV Inverter Market Outlook 2016-2021” which provides a detailed analysis of the global market by covering the major regions such as North America, Asia-Pacific, Europe, the Middle East, Africa and Rest of the world. This study also encapsulates the prime technological and market trends that are driving the growth of the market. Additionally, it also analyzes the factors impacting the supply and demand of PV inverters in the global market. According to PV Inverter Market Report, revenue growth in the inverter space has been driven largely by the emerging market in Asia such as China, Japan and India. Demand for PV inverters is continuing to shift from the established European markets of Germany and Italy, which was previously accounted for much of the market. It has also been studied that, as of 2015, over 600 million residents in Africa have poor electricity access. Thus, increasing off-grid electricity demand and rising need for clean and unfailing electricity will contribute towards the industry growth.