Inverters for Alternative Energy Resources: Worldwide Forecasts
This report examines inverter applications in three categories: photovoltaics, small wind power and fuel cells. The following pages will look at each application with respect to market size, region and wattage. Given the current economic slowdown, the Darnell Group does not expect consistent growth over the next five years; growth will be slower over the first two years of the period and will return to normal within 24 months. In addition, given the emerging nature of these technologies and their dependence on regulations, regional standards and government policies and programs, the effect on each application will vary, with some applications being more affected than others.( http://www.bharatbook.com/Market-Research-Reports/Inverters-for-Alternative-Energy-Resources-Worldwide-Forecasts.html )
Led by the growing photovoltaic (PV) market, the outlook for inverters used in alternative energy is expected to remain strong. The worldwide inverter dollar market is projected to increase from $3.4 billion in 2009 to almost $4.8 in 2014, a compound annual growth rate (CAGR) of 7.0%. The worldwide unit market is expected to grow at a somewhat faster pace, increasing from 560 thousand units to over 871 thousand units, a CAGR of 9.2% over the same period. Projected to make up over 95% of the market, the inverters used in PV installations, both small (1-5kW) and large (>6MW), will far outpace those used in either wind or fuel cell applications.
The market forces driving growth in the inverter market will vary by region. In Europe, the primary driving forces are feed-in tariffs, which have been successfully used in 16 EU countries, most notably Germany, Italy and Spain. In fact, in Europe, renewable energy sources comprise the fastest- growing segment of the energy market. In North America, the alternative energy industry is driven by a combination of regulations, subsidies and tax incentives, and legislation. In contrast, Asia and the Rest of the World (ROW) employ a patchwork system of incentives, including subsidies and other government actions. In these regions, the primary focus on alternative energy is the alleviation of power shortages and the development of backup and emergency power.
Topics covered include:
• Forecasting and Pricing Assumptions
• Worldwide Market Overview
• Worldwide Application Forecasts
• Regional Forecasts for Asia, Europe, North America and Rest of the World (ROW)
• Inverter Forecasts by Application
• Wattage Forecasts by Application
• Alternative Energy Resources Market by Region
• Alternative Energy Resources Market by Application
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