Solar Sine Wave inverters convert DC power from solar panels into AC power that can be used in your home. The basic process of electricity generation and usage is: Solar panels gather light and transform it into direct current (DC) electricity that can be used in your home. The DC electricity then passes through an inverter that converts it to alternating current (AC) power. With a sine wave inverter, you get reliable, clean energy for everyday use.
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This inverter is compatible with solar panel modules of 150W-400W capacity, making it perfect for regular homes and small offices. They convert AC to DC, or DC to AC. It can also change voltage levels of electricity to match different loads, such as charging batteries or powering electronics. Solar inverters are found in all types of solar applications. When they are paired with solar panels, they are used for converting sunlight into usable electrical energy for your home or business.
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Advantages of Solar Sine Wave Inverters
The advantages of solar sine wave inverters are numerous. The main one is that they are known to be able to convert more power from their input source, which in most cases is your solar panels, into usable electricity for your home or business. This higher conversion rate means that you are able to save more money on your electric bill each month by producing more power for yourself using fewer panels. Another benefit of using a sine wave inverter is their increased efficiency compared to traditional inverters.
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Sine wave inverters are widely used for homes, schools, solar electric power system, water pumping system and other commercial solar system. Sinewave inverters is also called full sine wave inverters. The output waveform has pure sine wave instead of DC (direct current) or square waves with poor quality. The sinewave inverter is more efficient than conventional ones with over 96% efficiency, which will help you save money on your electricity bill.
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Market Outlook:
The global Solar Inverter market size is projected to reach USD 26650 million by 2026, from USD 14600 million in 2019, at a CAGR of 8.9% during 2021-2026. Major factors driving the growth of Solar inverter market size are large inflow of investments in the renewable energy sector, increase in favorable government initiatives and rise in the number of residential solar rooftop installations.
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Growing demand for renewable energy due to an increase in power consumption along with a decline in the cost of producing renewable energy is expected to drive the growth of solar inverter market size during the forecast period. The cost of producing renewable energy has undergone a very steep decline and is now competitive in meeting the increasing power need. Favorable government initiatives like energy-saving certificates are expected to augment the growth of solar inverter market size.
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Furthermore, governments across the globe are concentrating on infrastructure growth in their countries to boost the quality of life of their people. The use of solar inverters is further promoted by the growing impact of greenhouse gases and rising environmental problems. Increasing awareness about global warming is expected to boost the solar inverter market growth.
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Some initiatives by Government of India to boost India’s renewable energy sector are as follows:
· In July 2021, to encourage rooftop solar (RTS) throughout the country, notably in rural regions, the Ministry of New and Renewable Energy plans to undertake Rooftop Solar Programme Phase II, which aims to install RTS capacity of 4,000 MW in the residential sector by 2022 with a provision of subsidy.
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· To encourage domestic production, customs duty on solar inverters has been increased from 5% to 20%, and on solar lanterns from 5% to 15%.
· India plans to add 30 GW of renewable energy capacity along a desert on its western border such as Gujarat and Rajasthan.
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· Delhi Government decided to shut down thermal power plant in Rajghat and develop it into 5,000 KW solar park
· The Government of India has announced plans to implement a US$ 238 million National Mission on advanced ultra-supercritical technologies for cleaner coal utilization.
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Key Players:
· ABB
· SMA Solar Technology
· Canadian Solar
· SolarEdge Technologies
· SunPower
· Delta Electronics
· Solectria Renewables
· Sineng Electric
· Hitachi Hi-Rel Power Electronics
· Power electronics
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