Photovoltaic inverters are a key component of a solar power system system. They are designed to take direct current (DC) electricity and convert it into alternating current (AC). The following report analyzes the global photovoltaic inverters market and where it's headed.
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Solar power has become the world's leading form of renewable energy. Whether it's used to provide electricity for a home or business, however, a solar power system needs a photovoltaic inverter to function properly.
What's the purpose of a photovoltaic inverter exactly? Also known as a solar inverter, a photovoltaic inverter is a component of solar power systems that converts direct current (DC) electricity into alternating current (AC) electricity. When solar panels produce electricity, they create DC electricity.
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There are different types of solar panels, some of which include monocrystalline, polycrystalline and thin film, but they all produce DC electricity during operation. Unfortunately, most homes and buildings in the United States and many other countries now run on AC electricity, so a photovoltaic inverter must be used in conjunction with solar panels.
The photovoltaic inverter is found between the home's solar panels and its electrical box. As the solar panels produce DC electricity, it's sent to the inverter where it's converted into AC electricity. The AC electricity is then either transmitted directly into the home, or it's stored in a battery for later usage.
Without a photovoltaic inverter, solar panels would still be able to produce electricity, but the home or building to which they are connected wouldn't be able to use that electricity. Therefore, photovoltaic inverters are considered an essential component of a solar power system. Any homeowner or business owner who's thinking about installing solar panels must also invest in a photovoltaic inverter. Otherwise, he or she won't be able to use the electricity generated by the solar panels.
There are different types of photovoltaic inverters, each of which functions in a different way. Stand-alone photovoltaic inverters, for example, are connected to batteries, so they don't require anti-islanding protection. Grid-tied photovoltaic inverters, on the other hand, are connected to the power grid, so they do require anti-islanding protection.
The Photovoltaic Inverter Market 2018 – 2024 report by Global Market Insights is a comprehensive study of the global photovoltaic inverters market. According to the report, annual installations of photovoltaic inverters will exceed 100 GW by 2024. This comprehensive study scrutinizes the market from all angles, providing insight into current and future scenarios surrounding the global photovoltaic inverters market.
Some of the key photovoltaic inverter vendors profiled in this report include Sungrow, SMA Solar, Enphase Energy, Tabuchi, Schneider Electric, Elettronica Santerno, Panasonic, TMEIC, Furukawa, Shenzhen, Growatt, REFU Elektronik, Solar Edge, Delta, SatCon, Sineng, Chint, TBEA, Omron, Fronious International, Samil Power, KACO New Energy, Emerson Electric, SolarMax, ABB, General Electric, Huawei.