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Global Solar Hybrid Inverter Market 2017-2021

Global Solar Hybrid Inverter Market 2017-2021

About Solar Hybrid Inverter

Solar hybrid inverters apart from converting direct current to alternate current can also store excess power while working in tandem with batteries. This type of inverters solves the issues related to renewable energy variability and unreliable grid structures.

Technavio’s analysts forecast the global solar hybrid inverter market to grow at a CAGR of 9.05% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global solar hybrid inverter market for 2017-2021. To calculate the market size, the report considers the new installations and exclude replacement/aftermarket sales.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Solar Hybrid Inverter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Flin Energy
  • Luminous India
  • Microtek Inverters
  • Schneider Electric
  • Su-Kam Power Systems
Other prominent vendors
  • Delta Energy Systems
  • EAST Group
  • KACO new energy
  • Pure Volt
  • TABUCHI ELECTRIC
  • SHANGHAI SUNVIS NEW ENERGY
  • Voltronic Power Technology
  • SOLAX POWER
  • SolarEdge Technologies
  • Redback Technologies
  • Growatt New Energy Technology
  • GoodWe (Jiangsu) Power Supply Technology
  • Lavancha Renewable Energy
Market driver
  • Rise in solar energy installations
  • For a full, detailed list, view our report
Market challenge
  • Technical problems associated with solar PV components
  • For a full, detailed list, view our report
Market trend
  • Rise in adoption of hybrid power systems in telecom towers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Solar Hybrid Inverter Market 2017-2021

Technavio recognizes the following companies as the key players in the global solar hybrid inverter market: Flin Energy, Luminous India, Microtek Inverters, Schneider Electric, and Su-Kam Power Systems.

Other Prominent Vendors in the market are: Delta Energy Systems, EAST Group, KACO new energy, Pure Volt, TABUCHI ELECTRIC, SHANGHAI SUNVIS NEW ENERGY, Voltronic Power Technology, SOLAX POWER, SolarEdge Technologies, Redback Technologies, Growatt New Energy Technology, GoodWe (Jiangsu) Power Supply Technology, and Lavancha Renewable Energy.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rise in adoption of hybrid power systems in telecom towers. The telecom industry is growing at a faster pace, especially in the developing economies. More telecom towers have been built in remote locations where the grid connectivity is bad. Hence, remote towers need a continuous power supply that can be provided by a combination of renewable energy sources and diesel generators. The focus is on hybrid power systems as they have a lower impact on the environment. This is because hybrid power systems produce lower carbon emissions than traditional power systems, which use a mix of different energy sources.”

According to the report, one of the major drivers for this market is rise in solar energy installations. In recent years, the solar energy industry has gained momentum and has grown dramatically. This owes to the initiatives that have been undertaken by the governments globally in order to encourage renewable resources. Most of the industrialized nations have integrated significant numbers of solar power installations into their electrical grids as an alternative to conventional energy sources. On the other hand, developing economies are using solar energy to reduce their dependence on expensive fossil fuel-based power generation.

Further, the report states that one of the major factors hindering the growth of this market is technical problems associated with solar PV components. The Eurozone crisis of 2009 affected the EU countries, many of which are still struggling from the impact of the crisis. Germany experienced a decline of almost 55% in new solar PV installations from 2013 to 2014. This is attributed to the severe cuts in FiTs coupled with increasing safety regulations on the construction of new solar PV systems in the country. In the same year, new PV installations increased worldwide by almost 20%.

Companies Mentioned

Flin Energy, Luminous India, Microtek Inverters, Schneider Electric, Su-Kam Power Systems, Delta Energy Systems, EAST Group, KACO new energy, Pure Volt, TABUCHI ELECTRIC, SHANGHAI SUNVIS NEW ENERGY, Voltronic Power Technology, SOLAX POWER, SolarEdge Technologies, Redback Technologies, Growatt New Energy Technology, GoodWe (Jiangsu) Power Supply Technology, and Lavancha Renewable Energy.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Inverter technology overview
  • Market landscape
    • Market overview
      • Table Global solar hybrid inverter market overview
      • Table Global solar hybrid inverter market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global solar hybrid inverter market by end-user
      • Table Global solar hybrid inverter market by end-user segment 2016-2021 (%)
      • Table Global solar hybrid inverter market by end-user segment 2016-2021 ($ millions)
    • Global solar hybrid inverters in residential sector
      • Table Global solar hybrid inverter market in residential sector 2016-2021 ($ millions)
    • Global solar hybrid inverters for commercial sector
      • Table Global solar hybrid inverter market in commercial sector 2016-2021 ($ millions)
  • Geographical segmentation
    • Solar hybrid inverter market by geographical segmentation
      • Table Global solar hybrid inverter market by geographical segmentation 2016 and 2021 (%)
      • Table Global solar hybrid inverter market by geographical segmentation 2016-2021 ($ millions)
    • Solar hybrid inverter market in APAC
      • Table Solar hybrid inverter market in APAC 2016-2021 ($ millions)
    • Solar hybrid inverter market in EMEA
      • Table Solar hybrid inverter market in EMEA 2016-2021 ($ millions)
      • Table Renewable electricity output in UK 2015 (%)
    • Solar hybrid inverter market in Americas
      • Table Solar hybrid inverter market in the Americas 2016-2021 ($ millions)
      • Table The US Solar PV installation (MW) 2010-2016:
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global PV installations year-over-year growth 2005-2016 (%)
      • Table Countries with renewable targets and policies 2005
      • Table Countries with renewable targets and policies 2015
      • Table Indexed cost of solar PV system, 2008-2015
    • Market challenges
      • Table Power generation pattern by 1 kW solar module in a day
      • Table Intermittency and its impact on power systems
      • Table Crude oil prices 2011-2016 (% change)
  • Market trends
    • Growing demand for polycrystalline solar panels
      • Table Comparison of the different technologies used in solar panels
    • Rise in adoption of hybrid power systems in telecom towers
    • Rise in deployment of microgrids
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Flin Energy
      • Table Flin Energy: Solar hybrid inverter products
    • Luminous India
      • Table Luminous India: Solar hybrid inverter products
    • Microtek Inverters
      • Table Microtek Inverters: Solar hybrid inverter products
    • Schneider Electric
      • Table Schneider Electric: Product offerings
    • Su-Kam Power Systems
      • Table Su-Kam Power Systems: Business segmentation
      • Table Su-Kam Power Systems: Solar hybrid inverters
  • Appendix
    • List of abbreviations
  • Explore Technavio

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