Battery Global Market for Solar PV Inverters, Scope, Analysis and Forecasts to 2019
ReportsWeb.com published “Battery Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this Market.
(EMAILWIRE.COM, September 22, 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.
For more information http://www.reportsweb.com/global-battery-market-for-solar-pv-inverters-2015-2019
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
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Geographically, the APAC region is estimated to account for more than 50% of the total market share by 2019. Increasing environmental concerns and growing energy demand are the two significant parameters that will drive market growth in this region during the forecast period.
Competitive landscape and key vendors
This market is highly diverse and consists of numerous international and domestic players that form strong partnerships with automotive, industrial, and commercial companies in order to survive in the market. This market is highly vulnerable to technical and financial challenges, which facilitates inorganic growth within the market.
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
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.
For more information http://www.reportsweb.com/global-battery-market-for-solar-pv-inverters-2015-2019
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
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001201952/sample
Geographically, the APAC region is estimated to account for more than 50% of the total market share by 2019. Increasing environmental concerns and growing energy demand are the two significant parameters that will drive market growth in this region during the forecast period.
Competitive landscape and key vendors
This market is highly diverse and consists of numerous international and domestic players that form strong partnerships with automotive, industrial, and commercial companies in order to survive in the market. This market is highly vulnerable to technical and financial challenges, which facilitates inorganic growth within the market.
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
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results