The global Renewable Energy Inverters market was valued at $928.0 Billion in 2017, and is expected to reach $1,512.3 Billion by 2025, registering a CAGR of +6.1% from 2018 to 2025.

The growing awareness of the use of renewable energy sources worldwide that have led to the large-scale adoption of photovoltaic (PV) solar installations. The increasing affordability of energy storage devices creates ample opportunities for the market. In addition, the Government also sets goals and introduces policies to promote renewable energy and to reduce carbon emissions. The growing awareness about fossil fuel conservation and the demand for clean fuels will complement the growth of the industry. However, the market also faces certain challenges, such as the high cost of the solar inverter and the high maintenance cost, among others. Despite the challenges, there have been certain market trends that have boosted market growth for the solar inverter market, such as the source of energy in remote areas and that also act as solar energy storage.

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Renewable energy has become predominantly a feasible alternative since civilization is at a critical juncture where the world is on a cusp of embracing clean energy on a scale never seen before. In the current scenario, it costs less to build a new solar or wind plant than to continue with a natural gas or coal plant. Solar energy has gained popularity in a very short time. It generates electricity without pollution, without volatility in the price of fuel and without fuel costs. In addition, the sustainability potential of leading the world to affordable, reliable and cleaner sources of electricity is also a significant growth parameter. Such factors have resulted in an increase in photovoltaic installations and have directly affected the demand for photovoltaic inverters.

The Renewable Energy Inverters market analysis covers in-depth information of major industry participants. Some of the major players in the market include ABB Ltd., General Electric (GE), The Tata Power Company Limited (Tata Power), Innergex, Enel Spa (Enel), Xcel Energy Inc. (Xcel Energy), EDF, Geronimo Energy, Invenergy, and ACCIONA.

By Type
  • Hydroelectric Power
  • Wind Power Energy
  • Bioenergy
  • Solar Energy
  • Geothermal Energy
By End Use
  • Residential
  • Commercial
  • Industrial
  • Others
Get a massive discount on this report: https://www.marketresearchinc.com/ask-for-discount.php?id=30466 Table of content Chapter 1 Global Renewable Energy Inverters Market Overview Chapter 2 Global Economic Impact on Renewable Energy Inverters Industry Chapter 3 Global Renewable Energy Inverters Market Competition by Manufacturers Chapter 4 Global Renewable Energy Inverters Production, Revenue (Value) by Region (2012-2018) Chapter 5 Global Renewable Energy Inverters Supply (Production), Consumption, Export, Import by Regions (2012-2018) Chapter 6 Global Renewable Energy Inverters Production, Revenue (Value), Price Trend by Type Chapter 7 Global Renewable Energy Inverters Market Analysis by Application Chapter 8 Renewable Energy Inverters Manufacturing Cost Analysis Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers To continue About Us: Market Research Inc is farsighted in its view and covers massive ground in Global research. Local or Global, we keep a close check on both markets. Trends and concurrent assessments sometimes overlap and influence the other.  When we say market intelligence, we mean a deep and well-informed insight into your products, market, marketing, competitors, and customers. Market research companies are leading the way in nurturing Global thought leadership. We help your product/service become the best they can with our informed approach. Contact Us: Author Kevin US Address: 51 Yerba Buena Lane, Ground Suite, Inner Sunset San Francisco, CA 94103, USA Call Us: +1 (628) 225 1818 Email: sales@marketresearchinc.com