Lucintel Estimates Global Solar PV Inverter Market to Surpass $10 Billion by 2017
Irving, TX December 23, 2012
The solar PV inverter market growth is dependent on the solar PV market as it is an essential component of solar PV systems. The market experienced good growth during 2006-2011 and is forecast to witness the same growth over 2012-2017 and reach $10.2 billion by 2017.
Lucintel, a leading global management consulting and market research firm, has analyzed the global solar PV inverter market and offers its findings in its comprehensive research report, "Global Solar PV inverter Market 2012-2017: Trend Forecast and Opportunity Analysis."
Lucintel has identified that manufacturing difficulties, changing policies, and requirements for high maintenance are the industry's major growth challengers. Growth in the solar PV market, government incentives, and integrated energy storage devices are the drivers providing the market with a competitive advantage.
The scope of this market study covers market size, market trends, and forecast for the global and regional solar PV inverter shipments. The report provides a high-level analysis of any three major regional market segments: North America, Europe, and Asia Pacific (APAC). Other markets have been depicted as Rest of World (ROW). Europe was the market leader in 2011 and is expected to remain the largest market over 2012-2017 followed by APAC and North America.
This solar market report is an indispensable reference guide for materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, you need timely, useful information these market reports fulfill these core needs. This Lucintel research report provides important understanding of recent market scope, background and overview, market analysis, market trends, cost comparison, product portfolio analysis, relative market attractiveness by region, emerging trends, market price trends, market forecasts, Porter's Five Forces Analysis, growth opportunities, profitability trend, and analysis of the major market players.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel.com.Lucintel's opportunity screening and business strategy consulting services have supported decision makers in achieving their growth objectives.
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