Decreased Direct Current Balance of System Cost is Expected to Drive the String Inverter Market

The string inverter market is expected to grow from an estimated USD 2.61 Billion in 2016 to USD 3.89 Billion by 2021, registering a CAGR of 8.29% from 2016 to 2021. The global market is witnessing significant growth due to decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization.

Browse 66 market data tables and 41 figures spread through 151 pages and in-depth TOC on “String Inverter Market by Phase (Single and Three), System Type (On-Grid and Off-Grid), Power Rating (Up to 10kw, 11kw–40kw, 41kw–80kw, and Above 80kw), End-User (Residential, Commercial & Industrial, and Utilities), and Region - Global Forecast to 2021”

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On-grid segment is expected to hold the largest share of the string inverter market, by system type, during the forecast period

The on-grid segment led the overall string inverter market in 2015. On-grid systems are applied mostly in small-to-medium scale commercial & industrial, and large utility-scale solar applications. This is driving the market of three-phase string inverters, which are being commercialized at a huge scale in Asia-Pacific and Europe.

Utilities are expected to hold the largest market share of the string inverter market, by end-users, during the forecast period

The utilities segment is expected to hold the largest share the string inverter market during the forecast period. Utility-scale large projects are improving given regulations for renewable integration, while accelerating the growth of the string inverter market for the utility segment. On islands, string inverter in utility-based solar systems, integrated with energy storage systems, is expected to grab areas with high level of penetration of renewable energy.

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The report’s target audience includes:

·         String inverter manufacturers, dealers, and suppliers

·         String inverter equipment manufacturing companies

·         Government and research organizations

·         Environmental and industrial associations

·         Banks, venture capitalists, financial institutions, and other investors

·         Market research and consulting firms

Asia-Pacific is the largest market for string inverter

In this report, the string inverter market has been analyzed with respect to four regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is estimated to be the largest market for string inverter till 2021. Government targets, policy support (tax incentives and RPOs), incentives such as feed-in tariffs and tenders, and competitive bidding in the region will drive the Asia-Pacific sting inverter market from 2016 to 2021.

Market Dynamics

Drivers

·         Decreased Balance of System Cost

·         Remote System Monitoring Capabilities

·         Easy Installation & Customization

Restraints

·         Shading One Panel Reduces the Efficiency of All Panels

·         Higher Heat Loss Due to Large Size

·         No Panel Level Monitoring

Opportunities

·         Government Incentive Schemes

Challenges

·         Pricing Pressure

·         Safety Hazards Associated With High Voltage

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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the string inverter market. These players include KACO New Energy GmbH (Germany), Delta Energy Systems GmbH (Germany), ABB Limited (Switzerland), Chint Power Systems Co., Ltd. (China), Ningbo Ginlong Technologies (China), Samil Power Co., Ltd. (China), Fronius International GmbH (Austria), SMA Solar Technology AG (Germany), and Huawei Technologies Co. Ltd. (China), among others. Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

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Direct Methanol Fuel Cells (DMFC) Market: Leading Players – SFC Energy AG (Germany), Ballard Power Systems Inc. (Canada), and Oorja Protonics (U.S.)

The Direct Methanol Fuel Cells (DMFC) market is expected to reach a size of USD 188.82 million by 2020, at a CAGR of 15.3% from 2015 to 2020.  The demand for DMFCs is being spurred by continuous investments for R&D programs, along with government initiatives in the form of public–private partnerships. Furthermore, methanol is relatively easier to transport and store as compared to hydrogen since it is stable and denser at all environmental conditions. These factors are fueling the growth of the DMFC market.

Asia-Pacific is the largest market for Direct Methanol Fuel Cells (DMFC). Countries, such as Japan and South Korea, are the largest markets and have increased their investments in fuel cell technology in the recent past and DMFC is one such technology. The Japanese government is investing in fuel cell technology that will power the 2020 Olympics in Tokyo. It plans to spend nearly USD 300 million for the construction of hydrogen-refueling infrastructure. Governments of countries, such as Japan and South Korea, have also been undertaking initiatives to reduce dependence on nuclear energy and fossil fuel and move toward renewable energy. In addition, North American market is also one of the major revenue pockets. North America consumes almost a quarter of the world’s primary energy. Despite its abundant fossil fuel and renewable energy sources, the region imports significant volumes of crude oil to manage its transportation fuel requirements.

Browse 90 market data Tables and 40 Figures spread through 152 Pages and in-depth TOC on "Direct Methanol Fuel Cells Market by Application (Portable, Stationary, & Transportation), by Component (Electrode, Membrane, Balance of System, & Balance of Stack), & by Region -Global Forecast to 2020"

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Europe and Rest of the World (RoW) are the other regions where DMFC market is projected to experience growth. European countries impose stringent environment regulations, and the European Union (EU) is a staunch supporter of renewable energy and fuel cell technology. Several energy storage and Power-to-Gas (P2G) projects have been developed in Europe. The United Nations World Forum for Harmonization of Vehicle Regulations has recently adopted the United Nations Global Technical Regulation (UN GTR) policy, which governs the safety of hydrogen and internal combustion engines. The UN GTR ensures that fuel cell vehicles meet the same safety standards as conventional gasoline vehicles. These environment-friendly regulations would help the DMFC market to grow in the near future. The RoW comprises regions such as the Middle East, Africa, and South America. In recent years, companies such as Oorja Protonics (U.S.) have installed DMFC in telecommunication towers in South Africa. The United States Trade and Development Agency (U.S.) sanctioned a grant of USD 872,000 to Oorja Protonics in 2014 for a feasibility study involving the use of DMFC to power telecommunication towers in South Africa. These developments are bound to help the DMFC market to grow during the forecast period.

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The DMFC market, on the basis of component, has been segmented into four categories, namely, electrode, membrane, balance of stack, and balance of system. The electrode component segment refers to electrodes used in Direct Methanol Fuel Cells (DMFC) Market, which consists of an anode and a cathode containing a catalyst layer and a diffusion layer. A polymer electrolyte membrane is sandwiched between the anode and the cathode. The membrane allows selective passage of hydrogen ions, which act as an oxidant for the cathode, resulting in electricity generation. The polymer electrolyte membrane has been covered under the membrane component segment. The DMFC balance of stack segment includes fuel cell components excluding electrodes and membranes. Out of all, balance of system is expected to grow at the highest rate during the forecast period. Electrode holds the largest market share in terms of the USD million and expected to grow at the third highest CAGR during the forecast period from 2015 to 2020.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Recloser Market is Expected to Exceed $2.71 Billion by 2022

According to the new market research report "Recloser Market by Control (Recloser (Electric & Hydraulic) and Sectionalizer (Electronic & Programmable Resettable)), Phase (Recloser (Three, Single, & Triple Single) and Sectionalizer (Three & Single), Voltage, and Region - Global Forecast to 2022", The recloser market (including the sectionalizer market) is expected to grow from an estimated USD 2.14 Billion in 2017 to USD 2.71 Billion by 2022, at a CAGR of 4.88%. The market is set to witness growth, due to increasing urbanization and industrialization, growing distribution automation for power quality and reliability, and expanding distribution network.  

Don't miss out on business opportunities in Recloser Market

The electronic recloser segment is expected to hold the largest share of the recloser market during the forecast period

Electric recloser control is used in most three-phase and some single-phase reclosers, due to its features, which include greater flexibility, advanced protection and automation functionality, and ease of programing in comparison to the hydraulic recloser control. This recloser is highly customizable with a wide range of accessories and can solve several application problems.

Browse in-depth TOC on "Recloser Market"

124 – Tables

38 – Figures  

156 – Pages  

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Increasing preference for recloser and sectionalizer of capacity up to 15 kV

Recloser and sectionalizer of up to 15 kV voltage rating are extensively used in residential applications in distribution network. The increasing urbanization and growing residential sector and commercial buildings in developing countries would accelerate the growth of the recloser and sectionalizer with a voltage rating of up to 15 kV segment.

Asia Pacific is expected to be the leading market for reclosers during the forecast period

In this report, the recloser market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to lead the recloser market. The inefficiency of existing distribution infrastructure, new installation of distribution lines, and refurbishment of older distribution system is anticipated to be the highest in the Asia Pacific region. Moreover, the increasing demand for electrical energy due to urbanization and industrialization and the rising investments in smart grid technologies that include distribution automation are likely to drive the market during the forecast period in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the recloser market. These players include ABB (Switzerland), Schneider (France), NOJA Power (Australia), Siemens (Germany), and Eaton (Ireland). Leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

newsletter@marketsandmarkets.com