Los Angeles, CA -- (SBWire) -- 02/17/2019 --This report studies the Solar Pump Inverter market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Solar pumping inverter converts DC current from the solar array into AC current to drive the pump. With the function of MPPT (maximum power point tracking), it regulates the output frequency according to irradiation in real time to achieve the maximum power.
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Solar Inverters Features:
1. Adopting the proposed dynamic VI maximum power point tracking (MPPT) control method; Fast response and stable operation; Better than the conventional methods which may lead to the problems including poor tracking performances, unstable or even cause water hammer damaging when the irradiation on the array changes rapidly.
2. The solar pumping inverters system is dispensed with energy storing devices, and stores water instead of electricity. It improves the reliability of the device, at the same time, it lowers the construction and maintenance costs of the system dramatically.
3. Digital control; automatic operation and data acquisition/storage of 8 years, etc; 98% of conversion efficiency, and complete protection.
4. In-line blocks; user friendly; convenient for operating; perfect cooling and shielding.
The EMEA average price of Solar Pump Inverter is in the decreasing trend, from 140 USD/KW in 2013 to 129 USD/KW in 2017. With the situation of EMEA economy, prices will be in decreasing trend in the following five years.
The classification of Solar Pump Inverter includes Single Purpose and Multipurpose solar pump inverter. The proportion of Single Purpose in 2017 is about 95%.
Europe region is the largest consumption of Solar Pump Inverter, with a consumption market share nearly 73% in 2017. Africa is the second largest consumption of Solar Pump Inverter, enjoying consumption market share nearly 16% in 2017.
The global Solar Pump Inverter market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Solar Pump Inverter in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
ABB, Hitachi, Voltronic Power, Schneider Electric, GRUNDFOS, B&B Power, Sollatek, Solar Tech, Gozuk, MNE, Voltacon, Hober
By the product type, the market is primarily split into
Single Purpose, Multipurpose
By the end users/application, this report covers the following segments
Commercial Use, Home Use
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Global Solar Pump Inverter Market to Witness Robust Expansion by 2025
The Solar Pump Inverter Industry report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.