The Philippines Solar Inverter Market is Projected to Grow at a CAGR of 2.4% During 2018-24
Philippines government plans to attain 100% electrification rate by 2022. In order to cater to the country's current power needs, the expansion of the solar energy base in the Philippines is a viable option owing to the falling cost of solar equipment and the short gestation period of solar rooftop projects. Additionally, the country is placed well geographically for the deployment of solar energy.
According to this research, the Philippines Solar Inverter Market is projected to grow at a CAGR of 2.4% during 2018-24. The market by vertical is dominated by the utility sector, owing to a large number of inverter installations in this segment. Further, with a large number of the upcoming projects approved by the Philippines government in the utility sector, the segment is expected to continue its dominance in the country over the forecast period.
Due to a lower per watt price, greater efficiency and high utilization in the utility and large-scale commercial segments, central solar inverters dominated the overall solar inverter market in the Philippines in 2017. Micro inverters, on the other hand, occupied small revenue share owing to higher per watt price and their inability to be used efficiently in high power generation capacity applications in power plants.
The report thoroughly covers Philippines Solar Inverter market by power rating, types, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers, which would help the stakeholders to devise and align market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Historical Data of Philippines Solar Inverter Market Revenues and Volume for the Period 2014-2024F.
- Market Size & Forecast of Philippines Solar Inverter Market for the Period 2014-2024F.
- Historical Data of Philippines Solar Inverter Market Revenues and Volume by power rating for the Period 2014-2024F.
- Market Size & Forecast of Philippines Solar Inverter Market Revenues and Volume by power rating for the Period 2014-2024F.
- Historical Data of Philippines Solar Inverter Market Revenues by types for the Period 2014-2024F.
- Market Size & Forecast of Philippines Solar Inverter Market Revenues by types for the Period 2014-2024F.
- Historical Data of Philippines Solar Inverter Market Revenues by verticals for the Period 2014-2024F.
- Market Size & Forecast of Philippines Solar Inverter Market Revenues by verticals for the Period 2014-2024F.
- Historical Data of Philippines Solar Inverter Market Revenues by regions for the Period 2014-2024F
- Market Size & Forecast of Philippines Solar Inverter Market Revenues by regions for the Period 2014-2024F
- Market Drivers and Restraints
- Market Trends and Developments.
- Players Market Share
- Company Profiles
- Strategic Recommendations
Markets Covered:
The report provides a detailed analysis of the following market segments:
By Power Ratings
- Below 10 kW
- 10 kW - 100 kW
- 100.1 kW - 1 MW
- Above 1 MW
By Types
- Central Inverter
- String Inverter
- Micro Inverter
By Verticals
- Residential
- Commercial & Industrial
- Utility
By Regions
- Northern
- Central
- Southern
Table of Contents
1. Executive Summary
Companies Mentioned
- ABB INC (Philippines)
- Huawei Technologies Co., Ltd. (Global)
- Jiangsu Goodwe Power Supply Technology Ltd.
- Schneider Electric (Philippines) Inc
- Shenzhen Growatt New Energy Technology Co., Ltd
- SMA Solar Technology AG(Global)
- SolaX Power Co., Ltd.
- Sungrow Power Supply Co., Ltd. (Global)
- Voltronic Power Technology Corporation
- Zhejiang Bou New Energy Technology Co., Ltd
