The World's #1 Renewable Energy Network for News, Information, and Companies.

European Renewables Inverter Market Could Hit $6.7 Billion

The inverter market for renewable energy systems in Europe earned more than €3.58 billion ($4.63 billion) in 2012 and this figure could rise to €5.24 billion ($6.77 billion) in 2018, according to new research.

Government incentives such as feed-in-tariffs have boosted small-scale renewable installations and boosted inverter sales, states new analysis from Frost & Sullivan.

“The European Union’s measures to address the dependence on fossil fuel imports will spur the need for renewable inverters in the region,” said Frost & Sullivan’s energy analyst Gautham Gnanajothi.

“Emphasis on climate change and reducing carbon emissions drives the acceptance of cleaner and greener energy sources, and aids inverter market growth.”

Improved grid access, simplified administrative procedures, and developing infrastructural prerequisites for new projects will expand the market, says the report. 

It adds that the high cost of electricity generated by centralised plants will lead to the adoption of a more economical distributed generation system, which will further accelerate demand for renewable inverters.

However, it cautions that the cost of renewable installations and the prices of semi-conductor materials used in solar panels still remain high. This, coupled with the lack of immediate returns, could restrain uptake.

The inconsistent implementation of government incentive schemes contributes to the challenge, and growth in key markets such as Germany and Italy is expected to decline, according to Frost & Sullivan.

Nevertheless, emerging countries such as Belgium, Slovakia, Greece, Czech Republic and Bulgaria offer substantial opportunities. 

“In addition, several inverter manufacturers in Europe are looking to include micro inverters in their product portfolio to widen their scope,” noted Gnanajothi. “The market will also witness consolidation, with notable acquisitions and mergers expected in the future.”

Lead image: Growth chart via Shutterstock

RELATED ARTICLES

Is the Spanish Government Putting the Brakes on Solar PV?

US Capitol

Republicans and Democrats Back Bill to Level the Playing Field for Renewable Energy

Vince Font, Contributing Editor U.S. Senators Chris Coons and Jerry Moran are leading a bipartisan effort to reintroduce tax code legislation aimed at leveling the playing field for renewable energy investment. The Master Limited Partnerships Parity Act w...
Solar thermal desalination

Solar Thermal Desalination Now Underway in Water-hungry California

Susan Kraemer, Correspondent Regional droughts are being exacerbated by climate change, which is mostly caused by what is tasked with bailing them out — fossil fuels. Israel, Australia, and now southern California have all turned to expensive energy-gu...
Memo pad on table

IRS Issues Solar Tax Equity Memo Stating the Obvious

David Burton and Richard Page, Akin Gump On Friday, the IRS issued a heavily redacted Chief Counsel Advice (“CCA”) memorandum, that addresses the intersection of solar investment tax credit partnership flip transactions and the wind production tax credit part...
Kelvin Ross is Deputy Editor of Power Engineering International magazine and its associated publications – Middle East Energy and the Global Power Review. Previously, Kelvin was News Editor at UK online news site Energy Live News, Production Edito...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

CanWEA Winter Solstice Fundraising Dinner

CanWEA Winter Solstice Fundraising Dinner December 1, 2015 Toronto, Ontario

CanWEA Annual Conference and Exhibition

The annual CanWEA Conference & Exhibition has helped companies marke...

COMPANY BLOGS

Don't Fear The C-Suite

A lot of people are uncomfortable selling to the C-Suite (Chief Financia...

Solar Power Helps Detroit Community Light Streets

Residents of Highland Park, a city almost surrounded by Detroit, receive...

How to Survive the Solar ITC’s Expiration

The Solar ITC is set to expire at midnight on December 31, 2016. That se...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS