Government Incentives and Subsidies for Renewable Energy Sources Strengthen Demand for DC-AC Inverters

Mumbai, Maharashtra, India

The renewable energy-based DC/AC inverter market is experiencing a rise in demand resulting from increased global government incentives and subsidies for renewable energy sources. In addition, soaring fossil fuel prices, increasing consumer interest in efficient and environmentally sound energy, along with favorable political climates aimed at making wind and solar fuel cell energy more efficient have kindled interest in this market.

New analysis from Frost & Sullivan (www.powersupplies.frost.com), World DC/AC Power Inverter Markets, reveals that the market earned revenues of $2.29 billion in 2005 and estimates to reach $6.89 billion in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the World DC/AC Power Inverter Markets, then send an e-mail to Ravinder Kaur/ Nimisha Iyer - Corporate Communications at ravinder.kaur@frost.com/ niyer@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via e-mail upon receipt of the above information.

"The renewable energy market is currently enjoying substantial government support, contributing to increased margins in the power inverter market catering to renewable energy end user segments," observes Frost & Sullivan Industry Manager Vishal Sapru "Economic development in various countries is likely to generate increased power requirements, both portable and stationary."

As DC/AC power inverters can provide a reliable, efficient and functional solution, they are likely to satisfy the increasing power demands and requirements in both developing and developed regions. This contributes to good margins in the power inverter market.

Increased proliferation of renewable systems, growing interest in research and development of renewable technologies, and the lack of consumer confidence in grid reliability are further motivating residential and commercial end users to seek alternate power solutions.

Economic challenges caused by skyrocketing fuel prices due to depleting reserve of conventional fossil fuel sources have sparked interest in renewable energy systems. Renewable energy markets are likely to contribute significantly to the demand potential within the DC/AC inverter market, especially the solar power segment.

In the North American market, consumer awareness has generated strong gains in retail markets for the automotive and general-purpose sectors. Penetration of new end-user markets such as emergency management and homeland security initiatives are creating new demand potential for power inverter products. Given the maturity of the technology, participating vendors are focusing on identifying new market sectors to increase their market share.

"However, the lack of diversification is leaving vendors susceptible to the trends' of the particular market segments they service, hindering them from entering other end-user markets," cites Sapru . "Although the presence of strong established domestic participants can deter vendors from penetrating new geographic markets, it provides domestic participants with continuous product demand within each geographic region."

It is essential that manufacturers conduct continuous market and product evaluations to assess opportunities and threats in the maturing non-renewable energy-based or the emerging renewable energy-based segments of the global DC/AC power inverter market.

Market participants in the global DC/AC power inverter market should stay abreast with the latest technologies and developments in the industry. Partnering with key industry participants and conducting regular analysis of their targeted end-user segments can enable manufacturers to gain competitive advantage in a mature or emerging market by enhancing their ability to quickly respond to and meet market demands.

The World DC/AC Power Inverter Markets is part of the Power Supplies subscription, which also includes research services in the following markets: world UPS market -alternative energy storage solution, North American power distribution, and World DIN rail power supplies. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Analyst interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership service, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.

World DC/AC Power Inverter Markets
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Source: Frost & Sullivan (Business Wire India)

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