Machine Learning: Identify Patterns in Time-Series Data
Yes, your data is "time-series data", since it's a sequence of measurements of the same variable collected over time. Time-series data can be collected continuously or at discrete intervals.

Your sample data can be expressed as a function of time - maybe it helps to think of the "function" as the process that produces the measured output, the input to the function is the date/time stamp, and the output is the value of that parameter at that time:

$\text{INVERTER_1.VOLTAGE_DC}( \text{5/25/2016 14:30:01} ) = 249.5$

You don't necessarily need to define the (general) function(s) that produce your data to perform time-series analysis - it's enough to know the value of the function at your measurement times. The range of time-series data can be continuous &amp; real-valued, discrete, or even non-numeric.

It's certainly possible to use machine learning techniques on time-series data, e.g. for forecasting, anomaly detection, or pattern identification.

Neural nets might be a good choice if you're interested in predictive modeling. One possible setup is to use the current parameter measurements as input to the neural net, and the output is the predicted future value or "state of the system" (e.g., whether a breaker is open or not).

WEKA is a good open-source machine-learning toolkit that contains implementations of many different ML algorithms.