Solar PV Inverter is one power transfer apparatus, which is used to transfer the DC power generated through PV to AC power. For the reverse process of rectification, the apparatus is so called "inverter".When solar cells are disposed in sunlight, it produces direct curren. However the supply system in the form of DC power has an extremely limited. For example, fluorescent lamps, televisions, refrigerators, electric fans and so on cannot be used directly with DC power supply, and most electric machinery are as well. In addition, when the power supply needs to increase voltage or lower voltage, it is simply adding a Transformer in AC power system, while lifting technology of voltage in a DC system is much more complex. Therefore, in addition to direct use of communications, weather and Others special DC power users, the production of electricity need to be equipped with a Solar PV Inverter in PV systems.
The global Solar PV Inverters market size is projected to grow from US$ 5901.8 million in 2023 to US$ 7899.7 million in 2030; it is expected to grow at a CAGR of 4.3% from 2024 to 2030.
The 鈥淪olar PV Inverters Industry Forecast鈥� looks at past sales and reviews total world Solar PV Inverters sales in 2023, providing a comprehensive analysis by region and market sector of projected Solar PV Inverters sales for 2024 through 2030. With Solar PV Inverters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar PV Inverters industry.
This Insight Report provides a comprehensive analysis of the global Solar PV Inverters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar PV Inverters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Solar PV Inverters market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar PV Inverters and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar PV Inverters.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.100 GW.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar PV Inverters market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Microinverter (below 1KW)
Three-phase Low-power Inverter (below 99KW)
Three-phase High-power Inverter (Above 99KW)
Segmentation by application
Residential System
Commercial System
Utility System
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Huawei
Sungrow
SMA
Power Electronics
FIMER (ABB)
SolarEdge
Sineng
Ingeteam
Goodwe
KSTAR
Ginlong Solis
Enphase
Chint Power Systems
Fronius
TMEIC
Growatt
TBEA
Kehua Hengsheng
SAJ
Siemens (KACO)
Delta Energy Systems
Hitachi
East Power
Tabuchi Electric
Yaskawa-Solectria Solar
Apsystems
NEP
JFY
NEGO
Schneider Electric
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar PV Inverters market?
What factors are driving Solar PV Inverters market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar PV Inverters market opportunities vary by end market size?
How does Solar PV Inverters break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Solar PV Inverters Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Solar PV Inverters by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Solar PV Inverters by Country/Region, 2019, 2023 & 2030
2.2 Solar PV Inverters Segment by Type
2.2.1 Microinverter (below 1KW)
2.2.2 Three-phase Low-power Inverter (below 99KW)
2.2.3 Three-phase High-power Inverter (Above 99KW)
2.3 Solar PV Inverters Sales by Type
2.3.1 Global Solar PV Inverters Sales 麻豆原创 Share by Type (2019-2024)
2.3.2 Global Solar PV Inverters Revenue and 麻豆原创 Share by Type (2019-2024)
2.3.3 Global Solar PV Inverters Sale Price by Type (2019-2024)
2.4 Solar PV Inverters Segment by Application
2.4.1 Residential System
2.4.2 Commercial System
2.4.3 Utility System
2.5 Solar PV Inverters Sales by Application
2.5.1 Global Solar PV Inverters Sale 麻豆原创 Share by Application (2019-2024)
2.5.2 Global Solar PV Inverters Revenue and 麻豆原创 Share by Application (2019-2024)
2.5.3 Global Solar PV Inverters Sale Price by Application (2019-2024)
3 Global Solar PV Inverters by Company
3.1 Global Solar PV Inverters Breakdown Data by Company
3.1.1 Global Solar PV Inverters Annual Sales by Company (2019-2024)
3.1.2 Global Solar PV Inverters Sales 麻豆原创 Share by Company (2019-2024)
3.2 Global Solar PV Inverters Annual Revenue by Company (2019-2024)
3.2.1 Global Solar PV Inverters Revenue by Company (2019-2024)
3.2.2 Global Solar PV Inverters Revenue 麻豆原创 Share by Company (2019-2024)
3.3 Global Solar PV Inverters Sale Price by Company
3.4 Key Manufacturers Solar PV Inverters Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar PV Inverters Product Location Distribution
3.4.2 Players Solar PV Inverters Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Solar PV Inverters by Geographic Region
4.1 World Historic Solar PV Inverters 麻豆原创 Size by Geographic Region (2019-2024)
4.1.1 Global Solar PV Inverters Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Solar PV Inverters Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Solar PV Inverters 麻豆原创 Size by Country/Region (2019-2024)
4.2.1 Global Solar PV Inverters Annual Sales by Country/Region (2019-2024)
4.2.2 Global Solar PV Inverters Annual Revenue by Country/Region (2019-2024)
4.3 Americas Solar PV Inverters Sales Growth
4.4 APAC Solar PV Inverters Sales Growth
4.5 Europe Solar PV Inverters Sales Growth
4.6 Middle East & Africa Solar PV Inverters Sales Growth
5 Americas
5.1 Americas Solar PV Inverters Sales by Country
5.1.1 Americas Solar PV Inverters Sales by Country (2019-2024)
5.1.2 Americas Solar PV Inverters Revenue by Country (2019-2024)
5.2 Americas Solar PV Inverters Sales by Type
5.3 Americas Solar PV Inverters Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar PV Inverters Sales by Region
6.1.1 APAC Solar PV Inverters Sales by Region (2019-2024)
6.1.2 APAC Solar PV Inverters Revenue by Region (2019-2024)
6.2 APAC Solar PV Inverters Sales by Type
6.3 APAC Solar PV Inverters Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Solar PV Inverters by Country
7.1.1 Europe Solar PV Inverters Sales by Country (2019-2024)
7.1.2 Europe Solar PV Inverters Revenue by Country (2019-2024)
7.2 Europe Solar PV Inverters Sales by Type
7.3 Europe Solar PV Inverters Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solar PV Inverters by Country
8.1.1 Middle East & Africa Solar PV Inverters Sales by Country (2019-2024)
8.1.2 Middle East & Africa Solar PV Inverters Revenue by Country (2019-2024)
8.2 Middle East & Africa Solar PV Inverters Sales by Type
8.3 Middle East & Africa Solar PV Inverters Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Solar PV Inverters
10.3 Manufacturing Process Analysis of Solar PV Inverters
10.4 Industry Chain Structure of Solar PV Inverters
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar PV Inverters Distributors
11.3 Solar PV Inverters Customer
12 World Forecast Review for Solar PV Inverters by Geographic Region
12.1 Global Solar PV Inverters 麻豆原创 Size Forecast by Region
12.1.1 Global Solar PV Inverters Forecast by Region (2025-2030)
12.1.2 Global Solar PV Inverters Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Solar PV Inverters Forecast by Type
12.7 Global Solar PV Inverters Forecast by Application
13 Key Players Analysis
13.1 Huawei
13.1.1 Huawei Company Information
13.1.2 Huawei Solar PV Inverters Product Portfolios and Specifications
13.1.3 Huawei Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Huawei Main Business Overview
13.1.5 Huawei Latest Developments
13.2 Sungrow
13.2.1 Sungrow Company Information
13.2.2 Sungrow Solar PV Inverters Product Portfolios and Specifications
13.2.3 Sungrow Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Sungrow Main Business Overview
13.2.5 Sungrow Latest Developments
13.3 SMA
13.3.1 SMA Company Information
13.3.2 SMA Solar PV Inverters Product Portfolios and Specifications
13.3.3 SMA Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 SMA Main Business Overview
13.3.5 SMA Latest Developments
13.4 Power Electronics
13.4.1 Power Electronics Company Information
13.4.2 Power Electronics Solar PV Inverters Product Portfolios and Specifications
13.4.3 Power Electronics Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Power Electronics Main Business Overview
13.4.5 Power Electronics Latest Developments
13.5 FIMER (ABB)
13.5.1 FIMER (ABB) Company Information
13.5.2 FIMER (ABB) Solar PV Inverters Product Portfolios and Specifications
13.5.3 FIMER (ABB) Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 FIMER (ABB) Main Business Overview
13.5.5 FIMER (ABB) Latest Developments
13.6 SolarEdge
13.6.1 SolarEdge Company Information
13.6.2 SolarEdge Solar PV Inverters Product Portfolios and Specifications
13.6.3 SolarEdge Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 SolarEdge Main Business Overview
13.6.5 SolarEdge Latest Developments
13.7 Sineng
13.7.1 Sineng Company Information
13.7.2 Sineng Solar PV Inverters Product Portfolios and Specifications
13.7.3 Sineng Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Sineng Main Business Overview
13.7.5 Sineng Latest Developments
13.8 Ingeteam
13.8.1 Ingeteam Company Information
13.8.2 Ingeteam Solar PV Inverters Product Portfolios and Specifications
13.8.3 Ingeteam Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Ingeteam Main Business Overview
13.8.5 Ingeteam Latest Developments
13.9 Goodwe
13.9.1 Goodwe Company Information
13.9.2 Goodwe Solar PV Inverters Product Portfolios and Specifications
13.9.3 Goodwe Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Goodwe Main Business Overview
13.9.5 Goodwe Latest Developments
13.10 KSTAR
13.10.1 KSTAR Company Information
13.10.2 KSTAR Solar PV Inverters Product Portfolios and Specifications
13.10.3 KSTAR Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 KSTAR Main Business Overview
13.10.5 KSTAR Latest Developments
13.11 Ginlong Solis
13.11.1 Ginlong Solis Company Information
13.11.2 Ginlong Solis Solar PV Inverters Product Portfolios and Specifications
13.11.3 Ginlong Solis Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Ginlong Solis Main Business Overview
13.11.5 Ginlong Solis Latest Developments
13.12 Enphase
13.12.1 Enphase Company Information
13.12.2 Enphase Solar PV Inverters Product Portfolios and Specifications
13.12.3 Enphase Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Enphase Main Business Overview
13.12.5 Enphase Latest Developments
13.13 Chint Power Systems
13.13.1 Chint Power Systems Company Information
13.13.2 Chint Power Systems Solar PV Inverters Product Portfolios and Specifications
13.13.3 Chint Power Systems Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Chint Power Systems Main Business Overview
13.13.5 Chint Power Systems Latest Developments
13.14 Fronius
13.14.1 Fronius Company Information
13.14.2 Fronius Solar PV Inverters Product Portfolios and Specifications
13.14.3 Fronius Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Fronius Main Business Overview
13.14.5 Fronius Latest Developments
13.15 TMEIC
13.15.1 TMEIC Company Information
13.15.2 TMEIC Solar PV Inverters Product Portfolios and Specifications
13.15.3 TMEIC Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 TMEIC Main Business Overview
13.15.5 TMEIC Latest Developments
13.16 Growatt
13.16.1 Growatt Company Information
13.16.2 Growatt Solar PV Inverters Product Portfolios and Specifications
13.16.3 Growatt Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 Growatt Main Business Overview
13.16.5 Growatt Latest Developments
13.17 TBEA
13.17.1 TBEA Company Information
13.17.2 TBEA Solar PV Inverters Product Portfolios and Specifications
13.17.3 TBEA Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.17.4 TBEA Main Business Overview
13.17.5 TBEA Latest Developments
13.18 Kehua Hengsheng
13.18.1 Kehua Hengsheng Company Information
13.18.2 Kehua Hengsheng Solar PV Inverters Product Portfolios and Specifications
13.18.3 Kehua Hengsheng Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.18.4 Kehua Hengsheng Main Business Overview
13.18.5 Kehua Hengsheng Latest Developments
13.19 SAJ
13.19.1 SAJ Company Information
13.19.2 SAJ Solar PV Inverters Product Portfolios and Specifications
13.19.3 SAJ Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.19.4 SAJ Main Business Overview
13.19.5 SAJ Latest Developments
13.20 Siemens (KACO)
13.20.1 Siemens (KACO) Company Information
13.20.2 Siemens (KACO) Solar PV Inverters Product Portfolios and Specifications
13.20.3 Siemens (KACO) Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.20.4 Siemens (KACO) Main Business Overview
13.20.5 Siemens (KACO) Latest Developments
13.21 Delta Energy Systems
13.21.1 Delta Energy Systems Company Information
13.21.2 Delta Energy Systems Solar PV Inverters Product Portfolios and Specifications
13.21.3 Delta Energy Systems Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.21.4 Delta Energy Systems Main Business Overview
13.21.5 Delta Energy Systems Latest Developments
13.22 Hitachi
13.22.1 Hitachi Company Information
13.22.2 Hitachi Solar PV Inverters Product Portfolios and Specifications
13.22.3 Hitachi Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.22.4 Hitachi Main Business Overview
13.22.5 Hitachi Latest Developments
13.23 East Power
13.23.1 East Power Company Information
13.23.2 East Power Solar PV Inverters Product Portfolios and Specifications
13.23.3 East Power Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.23.4 East Power Main Business Overview
13.23.5 East Power Latest Developments
13.24 Tabuchi Electric
13.24.1 Tabuchi Electric Company Information
13.24.2 Tabuchi Electric Solar PV Inverters Product Portfolios and Specifications
13.24.3 Tabuchi Electric Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.24.4 Tabuchi Electric Main Business Overview
13.24.5 Tabuchi Electric Latest Developments
13.25 Yaskawa-Solectria Solar
13.25.1 Yaskawa-Solectria Solar Company Information
13.25.2 Yaskawa-Solectria Solar Solar PV Inverters Product Portfolios and Specifications
13.25.3 Yaskawa-Solectria Solar Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.25.4 Yaskawa-Solectria Solar Main Business Overview
13.25.5 Yaskawa-Solectria Solar Latest Developments
13.26 Apsystems
13.26.1 Apsystems Company Information
13.26.2 Apsystems Solar PV Inverters Product Portfolios and Specifications
13.26.3 Apsystems Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.26.4 Apsystems Main Business Overview
13.26.5 Apsystems Latest Developments
13.27 NEP
13.27.1 NEP Company Information
13.27.2 NEP Solar PV Inverters Product Portfolios and Specifications
13.27.3 NEP Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.27.4 NEP Main Business Overview
13.27.5 NEP Latest Developments
13.28 JFY
13.28.1 JFY Company Information
13.28.2 JFY Solar PV Inverters Product Portfolios and Specifications
13.28.3 JFY Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.28.4 JFY Main Business Overview
13.28.5 JFY Latest Developments
13.29 NEGO
13.29.1 NEGO Company Information
13.29.2 NEGO Solar PV Inverters Product Portfolios and Specifications
13.29.3 NEGO Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.29.4 NEGO Main Business Overview
13.29.5 NEGO Latest Developments
13.30 Schneider Electric
13.30.1 Schneider Electric Company Information
13.30.2 Schneider Electric Solar PV Inverters Product Portfolios and Specifications
13.30.3 Schneider Electric Solar PV Inverters Sales, Revenue, Price and Gross Margin (2019-2024)
13.30.4 Schneider Electric Main Business Overview
13.30.5 Schneider Electric Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
