The report “Europe PV Inverter Market Analysis and Forecasts to 2015” now available
The report “Europe PV Inverter Market Analysis and Forecasts to 2015” available at www.reportbuyer.com/go/GMD12765 gives an in-depth analysis of the Europe photovoltaic (PV) inverter market and provides revenue forecasts up to 2015. The study identifies potential hotspots for PV inverters in Europe and analyses growth opportunities in emerging markets.
The European solar PV Inverters market value has increased from $84 million in 2001 to $2,482 million by 2008 at a CAGR of 62.19% during 2001-08. The market in expected to drop in 2009-10 due to the economic crisis and the price correction in the international market for PV equipments market includes Inverters. Against this backdrop, it is expected that the European solar PV inverters market will increase from the present levels to reach $3,468 million by 2015. The increase in PV system installations will increase the volume sales thereby increasing the revenues.
Feed-in tariff (FIT, a policy mechanism designed to encourage the adoption of renewable energy sources) is the primary driver for the growth of PV inverters market in Europe. FIT has been successfully introduced by over sixteen EU countries including major countries such as Germany, Italy and Spain. The federal governments have introduced financial incentives to offset the high investment needed for solar PV power generation. Major European countries have introduced various subsidy and incentive programs to compensate for the initial investments required for the development of large scale solar parks. These cost offsets led to large scale PV development thereby increasing the demand for Inverters in the region.
The 120 page report states that Spain has overtaken Germany to become the largest PV inverter market in Europe. The major reason for the country to lead the European Union in 2008 is due to the increase in annual PV installations. Spain holds over 40% share of the European PV inverter market followed by Germany which has a share of around 25%. Czech Republic, Portugal, Greece and Bulgaria are the emerging countries for PV inverters market development in the region. The Emerging countries are expected to be the major contributors for the future growth of PV inverters market in Europe.
The report “Europe PV Inverter Market Analysis and Forecasts to 2015” is available from Report Buyer at:
Report Buyer product ID: GMD12765
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