Global PV inverter market likely to grow at CAGR of 10.3 percent over 2010-2014

DUBLIN, IRELAND: Research and Markets has announced the addition of the "Global Photovoltaic Inverter Market 2010-2014" report to its offering.

The report, which is based on an in-depth study of countries in the Americas and in the EMEA and APAC regions, aims to aid decision makers understand the key trends impacting this market.

An analyst from TechNavio's Cleantech team said one of the major trends prevailing in the global PV inverter market is technological and functional advancement. Mergers and acquisitions are also a prevailing trend. Moreover, the EMEA region is currently dominating the Global PV Inverter market.

According to the report, PV inverters, which were initially just a part of a power system, have now been recognized as the heart and brain of a solar power plant. One of the reasons for the increased acceptance of PV inverters is the frequent power imbalances taking place in grids. The emergence of new raw materials and the incorporation of energy storage with PV inverters are driving the Global PV Inverter market.

The report also discusses the discrepancy between national and state-level standards and policies and how this might affect market growth. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.