The balance of system (BoS) encompasses all components of a photovoltaic system other than the photovoltaic panels. This includes wiring, switches, a mounting system, one or many solar inverters, a battery bank and battery charger. Other optional components include, renewable energy credit revenue-grade meter, maximum power point tracker (MPPT), GPS solar tracker, Energy management software, solar concentrators, solar irradiance sensors, anemometer, control panels or task-specific accessories designed to meet specialized requirements for a system owner.
In addition, ground-mounted, large photovoltaic power station require equipment and facilities, such as grid connections, office facilities, and concrete.
Companies today focus on optimisation of the entire balance of system—which consists of all of the non-module components of the solar power plant. By aligning all of the technology roadmaps and process improvements, there exist tremendous opportunities to increase energy yield and reduce LCOE.
Over the course of the past year, the solar PV balance of system (BOS) market has gained considerable attention as the next lever in driving down installed systems costs. In 2008, 67 percent of an average project’s total cost was in the PV module, but today, thanks to an industry sea change, 68 percent of total cost resides in BOS, which includes a variety of structural and electrical components, labor and soft costs.Given this new world order, the step-function reductions needed to help solar power deliver energy at or below costs of other generation sources will come from BOS technologies and efficiencies over the next four years. As a result, BOS manufacturers around the globe are being squeezed as the market landscape becomes more crowded.
The event will witness exciting discussions and debates regarding the current as well as future aspects of the Utility Scale & Rooftop Scale Solar PV Inverters Market based upon factors such as market dynamics, key ongoing trends and segmentation analysis. Apart from the above elements, event will also provide a 360-degree view of the Solar PV Inverters industry with geographic segmentation, statistical forecast and the competitive landscape.