Grid Parity Boosts Renewable Energy Growth: Market for Inverters to Reach $19 Billion by 2017
FARMINGTON, Conn., July 25, 2012 /PRNewswire-iReach/ — Global Information Inc. is pleased to announce the availability of three new reports covering the market for clean energy and renewable energy applications. These reports are designed to help businesses maximize potential growth and make better, more informed decisions with estimated future cost trends and an understanding of how to frame strategies based on future wind and solar power outlook.
Inverters for Renewable Energy Applications
The global market for inverters for renewable energy applications totaled $7.2 billion in 2011. That figure is expected to more than double over the next 5 years, surpassing $19 billion in 2017. This report provides a global market analysis and forecasts for inverters used in solar photovolataics, small wind power, stationary fuel cells, and vehicle-to-grid systems.
Over the next several years, Europe will continue to be the leading market for renewable energy inverters, accounting for 43% of all renewable energy inverter capacity installed through 2017, led by solar PV inverters. Meanwhile, 72 gigawatts (GW) of renewable energy inverters will be installed in the Asia Pacific region, compared to North Americas 66 GW. In all, nearly 290 GW of vendor-supplied inverter capacity will be installed worldwide across four primary technologies – solar PV, small wind power, stationary fuel cells, and vehicle-to-grid (V2G) enabled vehicles – between 2012 and 2017.
The new report explores the key market drivers in each sector, along with an examination of technology issues and the evolving competitive landscape. Global market forecasts for inverter revenue and capacity are provided through 2017, segmented by application area and world region.
An Executive Summary of this analysis and a free sample of the full report are available at http://www.giiresearch.com/report/pike246423-inverters-renewable-energy-applications-inverters.html
European Solar Power Markets
The European solar power market is primarily driven by government incentives and Europe’s agenda for clean energy. The photovoltaic solar market is undergoing a transition as the era of generous subsidies comes to an end and solar system prices continue to plummet. Chinese manufacturers are exerting additional pricing pressure on their European counterparts, forcing inefficient companies to exit the market. In this concentrated solar power market, technology developers continue to innovate and focus on reducing the cost of energy. Companies with adequate installed base, strong track record and technology ownership are assuming market leadership positions.
An Executive Summary of this analysis and a free sample of the full report are available at http://www.giiresearch.com/report/fs247490-european-solar-power-markets.html
Grid Parity for Wind and Solar Power – Future Outlook and Impact Analysis
The report provides analysis on solar PV grid parity and its future outlook major countries such as the US, Germany, Italy, the UK, China and India. The research provides historical and forecast (2006-2020) installed capacity for global wind and solar PV market. The report analyzes Levelized Cost of Energy (LCOE) for wind and solar PV for the abovementioned countries. LCOE for solar PV and wind is compared with conventional fuel sources such as coal, Combined Cycle Gas Turbine (CCGT) and nuclear power.
An Executive Summary of this analysis and a free sample of the full report are available at http://www.giiresearch.com/report/gd244307-grid-parity-wind-solar-power-future-outlook-impact.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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SOURCE Global Information Inc.