Solar sine wave inverters, also called grid-tie inverters, convert DC (direct current) electricity from a solar panel into AC (alternating current) electricity that can be used in your home. With a grid-tie inverter, you can operate household appliances and electronics on your property without relying on an electric utility company.
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The amount of power generated by your solar panels is only limited by available sunlight and how many panels you install. These relatively small and affordable devices come in rated capacities ranging from 100 kilowatts to more than 10 megawatts—enough to serve most household electrical needs.
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Advantages of Solar Sine Wave Inverters
Solar sine wave inverters are less efficient than their counterparts. But they deliver superior performance in producing direct current (DC) for appliances and other electrical devices. When compared to modified sine wave inverters, solar inverters provide safer power with fewer fluctuations.
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The latest models also feature voltage boost mode, which uses grid power when possible and supplies energy from batteries during outages or other energy-related crises. Even though solar sine wave inverters aren’t as common as modified or digital inverters, it’s becoming more popular among households that want to convert to renewable sources of energy but don’t have an extensive budget for green technology.
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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.
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.
· 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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· SMA Solar Technology
· Canadian Solar
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· Delta Electronics
· Solectria Renewables
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