Dublin, Jan. 15, 2019 (GLOBE NEWSWIRE) -- The "Malaysia Solar Inverter Market (2018-2024): Market Forecast by Power Rating, by Types, by Verticals, by Regions, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Malaysia Solar Inverter Market revenues are projected to grow at a CAGR of 7.0% during 2018-2024
Government incentives along with several upcoming solar power plants in Malaysia would accelerate the demand for solar inverters over the years to come. Additionally, government subsidies and schemes such as Feed in Tariff and Net Metering are expected to further boost the demand for solar inverters in the residential and commercial verticals in Malaysia.
In recent years, Malaysia has made major reforms and introduced new schemes to promote renewable energy sources in the country. Solar energy has been allotted the largest government budget and support amongst all renewable sources of energy. Additionally, government schemes and grants for the promotion of solar energy along with growing awareness for renewable energy would also propel the growth of solar inverter market in Malaysia over the coming years.
Peninsular Malaysia captured the majority of the market revenue share by region in the overall solar inverter market in 2017 due to rapid urbanization and high population density in the region. Moreover, upcoming solar power projects under the Large Scale Solar (LSS) programme would further strengthen the solar power generation capacity in the Peninsular Malaysia region as most of the projects are proposed to be constructed in the state of Selangor, Kedah, and Perak. As a result, the market for solar inverter would also grow substantially during the forecast period.
The report thoroughly covers Malaysia 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 stakeholders to devise and align market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Historical Data of Malaysia Solar Inverter Market Revenues and Volume for the Period 2014-2017.
- Market Size & Forecast of Malaysia Solar Inverter Market Revenues and Volume for the Period 2018-2024F.
- Historical Data of Malaysia Solar Inverter Market Revenues and Volume by Power rating for the Period 2014-2017.
- Market Size & Forecast of Malaysia Solar Inverter Market Revenues and Volume by Power rating for the Period 2018-2024F.
- Historical Data of Malaysia Solar Inverter Market Revenues by Types for the Period 2014-2017.
- Market Size & Forecast of Malaysia Solar Inverter Market Revenues by Types for the Period 2018-2024F.
- Historical Data of Malaysia Solar Inverter Market Revenues by Verticals for the Period 2014-2017.
- Market Size & Forecast of Malaysia Solar Inverter Market Revenues by Verticals for the Period 2018-2024F.
- Historical Data of Malaysia Solar Inverter Market Revenues by Regions for the Period 2014-2017.
- Market Size & Forecast of Malaysia Solar Inverter Market by Regions for the Period 2018-2024F.
- Market Drivers and Restraints.
- Market Trends and Developments.
- Players Market Share.
- Company Profiles.
- Strategic Recommendations.
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
- Peninsular
- Sarawak
- Sabah
Companies Mentioned
- ABB Malaysia Sdn Bhd
- Fronius International GMBH
- Huawei Technologies Malaysia Sdn. Bhd.
- Jiangsu GoodWe Power Supply Technology Co., Ltd.
- Omnik New Energy Co., Ltd.
- Schneider Electric SE
- SMA Solar Technology AG
- SolarEdge Technologies Ltd.
- SolaX Power Co., Ltd.
- Sungrow Power Supply Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/research/t7g8gf/malaysia_solar?w=12
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