Market outlook of the global battery market for solar PV inverters
Research Beam market research analyst has estimated factors like the rising market competition and growing supply chain efficiency to bolster market growth during the forecast period. These factors help the global battery market for solar PV inverters to grow at a rapid rate during the forecast period and results in its impressive CAGR of nearly 19% by 2019.
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Augmented demand for inverter batteries from solar PV systems is the key driver for the growth of this market. Due to depleting fossil fuel reserves and rising fuel prices, many countries across the globe are now adopting renewable power sources for electricity generation. Since the power generated from such sources is intermittent in nature, energy storage systems play a vital role in meeting the rising power demand, which in turn drives the need for inverters and battery systems.
End-user segmentation of the battery market for solar PV inverters
In this market research report, Research Beam market research analysts estimate the non-residential segment to dominate over all the other sectors during the forecast period. The non-residential sector mainly includes commercial, industrial, and government entities that require energy storage options to enhance their solar generation capacities and mitigate high peak energy demand charges. Factors like the installation of high-capacity battery units in non-residential sectors such as hospitals, government, SMB IT, and telecom are expected to result in its high market share of nearly 43% by 2019.
Geographical segmentation of the battery market for solar PV inverters
Key questions answered in the report include
• What will the market size and the growth rate be in 2019?
• What are the key factors driving the global battery market for solar PV inverters?
• What are the key market trends impacting the growth of the global battery market for solar PV inverters?
• What are the challenges to market growth?
• Who are the key vendors in the global battery market for solar PV inverters?
• What are the market opportunities and threats faced by the vendors in the global battery market for solar PV inverters?
• Trending factors influencing the market shares of the EMEA, Americas, and APAC?
• What are the key outcomes of the five forces analysis of the global battery market for solar PV inverters?
Research Beam also offers customization on reports based on specific client requirement.
• Global Solar PV Inverter Market: Research Scope 2015-2019
• Solar PV Market in Asia 2015-2019
• Global Battery Energy Storage Market for Renewables 2015-2019
Table Of Contents:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Market segmentation by end-user
Global battery market for solar PV inverters by end-user application 2014-2019
Global battery market for residential solar PV inverters
Global battery market for non-residential solar PV inverters
Global battery market for solar PV inverters in utilities
PART 07: Geographical segmentation
Global battery market for solar PV inverters by geographical segmentation 2014 and 2019
Battery market for solar PV inverters in APAC
Battery market for solar PV inverters in EMEA
Battery market for solar PV inverters in the Americas
PART 08: Key leading countries
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