As per this study the Global PV Inverters Market was valued USD 12.09 BN (by revenue) in 2022 and is anticipated to reach USD 36.22 BN by 2030 with a CAGR of 14.7%.
Photovoltaic inverters also known as solar inverters are basically renewable energy systems that convert DC power from the solar panel into AC power which can be directly used in home appliances. Photovoltaic inverters can be categorized under central, string, micro, hybrid and battery inverters. Micro and string PV inverters are commonly used inverters that comes in single and three phase versions. Single phase inverter can be used for residential purposes whereas three-phase inverters are used in industries and other utilities.
Market Dynamics
The increasing demand for renewable energy systems such as PV inverters because of high power consumption is propelling the market of PV inverters. Moreover, reduction in renewable power generation costs is further boosting the market growth. On the other hand, use of substitute such as hydropower energy system, because of the high efficiency of electricity generation, restrain the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of PV inverters.
Market Segmentation
The broad PV inverters market has been sub-grouped into product and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
By End-Use
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for PV inverters in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global PV Inverters Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the PV inverters market include Siemens Energy, Fimer Group, SMA Solar Technology AG, Delta Electronics, Inc, SunPower Corporation, Omron Corporation, Eaton, Emerson Electric Co., Power Electronics S.L., Hitachi Hi-Rel Power Electronics Private Limited. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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 . PV INVERTERS – 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 End-Use
3.7.3 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 PV INVERTERS MARKET ANALYSIS BY PRODUCT
5.1 Overview by Product
5.2 Historical and Forecast Data
5.3 Analysis by Product
5.4 Central PV inverter Historic and Forecast Sales by Regions
5.5 String PV inverter Historic and Forecast Sales by Regions
5.6 Micro PV inverter Historic and Forecast Sales by Regions
5.7 Other PV inverters Historic and Forecast Sales by Regions
6 . GLOBAL PV INVERTERS MARKET ANALYSIS BY END-USE
6.1 Overview by End-Use
6.2 Historical and Forecast Data
6.3 Analysis by End-Use
6.4 Commercial Historic and Forecast Sales by Regions
6.5 Residential & Industrial Historic and Forecast Sales by Regions
6.6 Utilities Historic and Forecast Sales by Regions
7 . GLOBAL PV INVERTERS MARKET ANAL ...