Global Inverter Market for Renewable Energy Systems - new market research report published

(live-PR.com) - This research service analyzes the market for inverters employed in renewable energy systems by examining solar, wind, and fuel cell technology. Inverters are part of the balance of system in renewable energy set ups. Therefore, demand is driven by overall installations of renewable energy systems. This service analyzes manufacturer market shares, estimating the market´s growth potential. To assess this market,

 

the analysis includes market challenges, drivers, and restraints while considering technological and pricing trends. Regional breakdowns are also provided. The base year is 2010; forecasts continue through 2017.Because inverters are a part of the balance of system (BOS) in the renewable energy setup, the installation of renewable energy systems drives inverter demand. Renewable energy systems tend to offer a 20 to 25 year lifecycle, whereas an inverter´s lifecycle ranges from 10 to 25 years. Therefore, replacing broken inverters also constitutes a smaller part of inverter demand.The renewable inverter market has been growing at a tremendous pace during the past few years. Having slowed in 2009, the market recovered well in the first half of 2010. In fact, there was a shortage of inverters during this time because of both a surge in demand, heightened by double orders, and a delay in the delivery of components. Overproduction, which occurred because of numbers anticipated from the double orders, characterized the second half of 2010.One of the most important factors that currently boosts demand for renewable energy systems and, hence, inverters, is an increasing acknowledgement of carbon dioxide (CO2) emissions. Governments across the world are becoming more aware of the need to reduce their carbon footprints, and, as a result, are passing incentive programs to aid in this reduction. As the price of renewable energy system installations declines, the total cost of generation per kilowatt (kW) of such arrays is also declining. However, the cost of producing a kW through renewable energy is still higher than when utilities produce it. In conjunction with the general cost of production, the high initial investment required for deployment of renewable energy technologies tends to limit demand for inverters. Therefore, the market for inverters is extremely dependent on government incentives, which offset cost limitations. The main market challenge in the mid term will be reducing dependence on government stimuli.

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