From being an emerging fuel source 20 years ago, solar PV has transformed into a commercially viable energy generating technology in over forty countries, thanks to technological advances and the availability of more effective and reliable equipment and machinery. The global solar PV market is expanding rapidly, with PV installations growing by 79% in 2010 over 2009. Global solar PV installed capacity increased at a compound annual growth rate (CAGR) of 55.3% from 4,481 MW (Megawatts) in 2001 to 40,435 MW in 2010, of which 17.8 GW (Gigawatts) was added in 2010.

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The global solar PV market witnessed high growth in 2009 and 2010, with 25,692 MW of installed capacity coming online in these two years compared to the 8,771 MW installed in 2007 and 2008. The cumulative installed solar PV capacity increased by almost two times in the last couple of years. Installed capacity increased from 14,742 MW in 2008 to 40,435 MW in 2010. The growth momentum will continue in 2011, with the continuing revival of the global economy. It is expected that 18.2 GW of new capacity will be added in 2011. Europe is the leading solar PV market, with a share of 75% of the total cumulative installed capacity, followed by the Asia-Pacific region, accounting for a share of 15% in 2010.

The global solar PV inverter markets revenues increased from an estimated $1.07 billion in 2005 to reach $6.73 billion in 2010, at a historical CAGR of 44.2%. The increase in revenues for PV inverters is backed by strong growth in the solar PV industry in the major PV markets in Europe and emerging PV markets in Asia-Pacific and North America. The historic PV inverter revenues increased as countries brought in favorable PV tariffs and provided financial support to offset high initial investments. The increase in the solar PV market development in high growth markets such as the US, China, India, Republic of Korea, Canada, Portugal, Greece, the UK and Bulgaria, the global inverter market is expected to reach to estimated revenues of $7.47 billion by 2020.

Solar PV Inverters Global Market Size, Price Analysis, Regulations and Competitive Analysis to 2020 is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information on the major companies involved in inverter production and provides revenue forecasts up to 2020 in the global PV inverters market.

The report provides in depth analysis of the competitive landscape, key trends, market forces, average inverter price, revenue and growth opportunities in the global PV inverter market. The report analyzes revenue share by region, key countries and major policies influencing PV inverters market. The study provides detailed analysis on price and revenue forecasts for key countries namely Germany, Spain, Italy, France, Czech Republic, the US, Canada, India, China and Japan. The report provides production share of major companies such as SMA Solar, KACO new energy, Fronius, Siemens, Schneider Electric, Sputnik Engineering, Ingeteam, Power-One, Elettronica Santerno, KOSTAL Solar and many others.

The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalDatas Team of industry experts.

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