• yoganandini.A.P
• Dr.Anitha.G.S

Energy system is defined as the challenge in simultaneously considering the social, political, economic, technical issues, A profound transformation of the global energy enterprise will drive largely by population growth and economic development. Power electronics plays very important role in global industrialization and in saving energy system with renewable energy systems with dynamic evolution of power semiconductor, motor drives, PWM technique advanced control and simulation.38.4 GW of newly installed PV Capacity worldwide. This paper explains market progressed drastically in 2013 with this the global PV market is turning point which will have profound implications of future. Asian PV market has progressed in parallel with the relative decline in Europe market in 2012.After hydro and wind power, PV is the third most important renewable energy source in terms of globally installed capacity .china was the top market in 2013 with 12.9GW.Several European markets performed well in the past went down in 2013 in consequence of political decisions to reduce PV incentives. Outside Europe several markets continued to grow at a reasonable pace like India, Korea, Thailand, Canada, China, Japan, many others. By 2050PV will supply 11% of the global electricity demand with the present trend of aggressive research, the price is falling sharply to be more competitive in future.

Market overview, Installations, cumulative scenario, Market Evolution, Annual Record, utility, EPIA, European Union.

"Comprehensive study of Global Photovoltaic Energy Market Scenario and Applications of power electronics ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.375-380, May-2019, Available :http://www.jetir.org/papers/JETIR1905H63.pdf

"Comprehensive study of Global Photovoltaic Energy Market Scenario and Applications of power electronics ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp375-380, May-2019, Available at : http://www.jetir.org/papers/JETIR1905H63.pdf