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The Solar Inverter Market in the Philippines (2018-2024): Key Drivers, Restraints and Opportunities - ResearchAndMarkets.com

March 13, 2019

DUBLIN--(BUSINESS WIRE)--Mar 13, 2019--The “Philippines Solar Inverter Market (2018-2024): Market Forecast by Power Ratings, by Types, by Verticals, by Regions, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.

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 2018-2024.

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.

Markets Covered

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

Key Topics Covered

1. Executive Summary

2. Introduction

2.1 Report Description

2.2 Key Highlights of The Report

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3. Philippines Solar Power Sector Overview

4. Philippines Solar Inverter Market Overview

4.1 Philippines Country Indicators

4.2 Philippines Solar Inverter Market Revenues and Volume, 2014-2024F

4.3 Philippines Solar Inverter Net Capacity Additions, 2014-2024F

4.4 Philippines Solar Inverter Market Revenue Share, By Power Rating, 2014-2024F

4.5 Philippines Solar Inverter Market Revenue Share, By Types, 2014-2024F

4.6 Philippines Solar Inverter Market Revenue Share, By Verticals, 2014-2024F

4.7 Philippines Solar Inverter Market Revenue Share, By Regions, 2014-2024F

4.8 Philippines Solar Inverter Market - Industry Life Cycle, 2017

4.9 Philippines Solar Inverter Market - Porter’s Five Forces, 2017

5. Philippines Solar Inverter Market Dynamics

5.1 Impact Analysis

5.2 Market Drivers

5.3 Market Restrains

6. Philippines Solar Inverter Market Trends

7. Philippines Solar Inverter Market Overview, By Power Rating

7.1 Philippines Below 10 kw Solar Inverter Market Revenues and Volume, 2014-2024F

7.2 Philippines 10 kW-100 kW Solar Inverter Market Revenues and Volume, 2014-2024F

7.3 Philippines 100.1 kW-1 MW Solar Inverter Market Revenues and Volume, 2014-2024F

7.4 Philippines Above 1 MW Solar Inverter Market Revenues and Volume, 2014-2024F

8. Philippines Solar Inverter Market Overview, By Types

8.1 Philippines Micro Solar Inverter Market Revenues, 2014-2024F

8.2 Philippines String Solar Inverter Market Revenues, 2014-2024F

8.3 Philippines Central Solar Inverter Market Revenues, 2014-2024F

9. Philippines Solar Inverter Market Overview, By Verticals

9.1 Philippines Residential Vertical Solar Inverter Market Revenues, 2014-2024F

9.1.1 Philippines Residential Sector Overview

9.2 Philippines Commercial & Industrial Vertical Solar Inverter Market Revenues, 2014-2024F

9.2.1 Philippines Commercial Sector Overview

9.2.2 Philippines Industrial Sector Overview

9.3 Philippines Utility Vertical Solar Inverter Market Revenues, 2014-2024F

9.3.1 Philippines Power Sector Overview

10. Philippines Solar Inverter Market Overview, By Regions

10.1 Philippines Central Region Solar Inverter Market Revenues, 2014-2024F

10.1.1 Philippines Central Region Power Sector Overview

10.2 Philippines Northern Region Solar Inverter Market Revenues, 2014-2024F

10.2.1 Philippines Northern Region Power Sector Overview

10.3 Philippines Southern Region Solar Inverter Market Revenues, 2014-2024F

10.3.1 Philippines Southern Region Power Sector Overview

11. Philippines Solar Inverter Market Key Performance Indicators

11.1 Philippines Government Spending Outlook

11.2 Philippines Upcoming Solar Projects

12. Philippines Solar Inverter Market Opportunity Assessment

12.1 Philippines Solar Inverter Market Opportunity Assessment, By Power Rating

12.2 Philippines Solar Inverter Market Opportunity Assessment, By Types

12.3 Philippines Solar Inverter Market Opportunity Assessment, By Verticals

13. Competitive Landscape

13.1 Philippines Solar Inverter Revenue Share, By Company, 2017

13.2 Competitive Benchmarking, By Type

14. Company Profiles

14.1 Jiangsu Goodwe Power Supply Technology Ltd.

14.2 SMA Solar Technology AG(Global)

14.3 Voltronic Power Technology Corporation

14.4 Schneider Electric (Philippines) Inc

14.5 Zhejiang Bou New Energy Technology Co., Ltd

14.6 Shenzhen Growatt New Energy Technology Co., Ltd

14.7 SolaX Power Co., Ltd.

14.8 Sungrow Power Supply Co., Ltd. (Global)

14.9 Huawei Technologies Co., Ltd. (Global)

14.10 ABB INC (Philippines)

15. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/research/jr4qd9/the_solar?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190313005329/en/

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Related Topics:Solar Power

KEYWORD: ASIA PACIFIC PHILIPPINES

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY

SOURCE: Research and Markets

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PUB: 03/13/2019 06:26 AM/DISC: 03/13/2019 06:28 AM

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