(EMAILWIRE.COM, April 07, 2017 ) Publisher's 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.

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.

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End-user segmentation of the battery market for solar PV inverters
- Utility
- Residential
- Non-residential

In this market research report, Publisher 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
- APAC
- Americas
- EMEA

Key vendors analyzed in this market study are -
- Eaton
- Enersys
- Exide
- HOPPECKE Batterien
- Microtek
- Su-Kam

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Key vendors analyzed in this market study are -
- Eaton
- Enersys
- Exide
- HOPPECKE Batterien
- Microtek
- Su-Kam

Key vendors analyzed in this market study are -
- Eaton
- Enersys
- Exide
- HOPPECKE Batterien
- Microtek
- Su-Kam

Make an enquiry: http://www.reportsweb.com/inquiry&RW0001201952/buying

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ReportsWeb.com
Priya Sisodia
Tel: +1-646-491-9876
Email us


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