The global demand for Decentralized Inverter Market is presumed to reach the market size of nearly USD 65.99 BN by 2030 from USD 23.46 BN in 2022 with a CAGR of 13.8% under the study period 2023 - 2030.
A decentralized inverter, also known as a distributed inverter or module-level inverter, is a type of power conversion device used in photovoltaic (PV) solar energy systems. It converts the direct current electricity generated by individual solar panels (PV modules) into alternating current electricity, which is then used to power electrical devices or fed into the utility grid.
The solar energy adoption rate and the growth of the solar energy market have driven the demand for decentralized inverters. These inverters offer improved energy harvesting capabilities by mitigating shading effects or module-level variations, making them attractive for maximizing solar energy production. Lower costs of solar modules have made these inverters more cost-competitive as the share of overall system costs attributed to inverters becomes more significant. Additionally, the distributed nature of decentralized inverters enhances system reliability, appealing to system owners seeking efficient and reliable solar energy solutions. Technological advancements in inverter design and performance have resulted in more efficient and intelligent solutions. Moreover, its popularity in residential and commercial installations, easy installation, real-time monitoring capabilities, and improved safety features have further driven market growth. Supportive government policies, incentives, and sustainability initiatives have encouraged the adoption of decentralized inverters in solar energy installations. Furthermore, the compatibility of these inverters with smart grid technologies and demand response mechanisms have attracted interest from utilities and energy management companies seeking grid stability and efficiency.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of decentralized inverter. The growth and trends of decentralized inverter industry provide a holistic approach to this study.
This section of the decentralized inverter market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
By Phase
By Connection
By Nominal Output
By Application
This section covers the regional outlook, which accentuates current and future demand for the Decentralized Inverter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Decentralized Inverter market include Huawei Technologies Co. Ltd, Sungrow Supply S.L, Power Electronics S.L, Ginlong Technologies, Growatt New Energy, SolarEdge Technologies, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . DECENTRALIZED INVERTER – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product
3.7.2 Market Attractiveness Analysis By Phase
3.7.3 Market Attractiveness Analysis By Connection
3.7.4 Market Attractiveness Analysis By Nominal Output
3.7.5 Market Attractiveness Analysis By Application
3.7.6 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL DECENTRALIZED INVERTER MARKET ANALYSIS BY PRODUCT
5.1 Overview by Product
5.2 Historical and Forecast Data
5.3 Analysis by Product
5.4 String Historic and Forecast Sales by Regions
5.5 Micro Historic and Forecast Sales by Regions
6 . GLOBAL DECENTRALIZED INVERTER MARKET ANALYSIS BY PHASE
6.1 Overview by Phase
6.2 Historical and Forecast Data
6.3 Analysis by Phase
6.4 Single Phase Historic and Forecast Sales by Regions
6.5 Three Ph ...