The global PV inverter market is expected to grow at a CAGR of 7.2% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for renewable energy sources and the need for power backup solutions in remote areas. The residential roof PV system segment is expected to dominate the global PV inverter market during the forecast period, due to its high adoption rate in developing countries such as India and China.
The North America region is expected to lead the global PV inverter market during the forecast period, owing to its high adoption rates in countries such as Canada and Mexico.
Some Of The Growth Factors Of This Market:
- The PV inverter market is driven by the increasing demand for renewable energy sources and the need to reduce carbon emissions in order to mitigate climate change.
- Increasing investments in renewable energy sources such as solar power, wind power, and hydroelectricity are driving the growth of this market.
- The increasing number of installations of solar panels is also driving this market.
- Increasing awareness about green technologies among consumers.
Industry Growth Insights published a new data on “PV Inverter Market”. The research report is titled “PV Inverter Market research by Types (0-20 KW, 20-200KW, 200KW-5000KW), By Applications (Residential Roof PV System, Commercial Building Roof PV System, Ground PV Power Plant), By Players/Companies Sungrow Power, Huawei, TBEA, SiNENG, KSTAR, Kehua Hengshen, EAST, Chint Power, Delta, Samil Power, Growatt, JFY Tech., Grandglow, Shenzhen INVT, GoodWe, SAJ, GinLong, Northern Electric & Power Inc. , APsystems, Omnik New Energy, SMA, ABB, Omron, TMEIC, Tabuchi, AEG Power Solutions, KACO, Schneider Electric, Ingeteam, Fronius, Clenergy”.
Scope Of The Report
Report Attributes
Report Details
Report Title
PV Inverter Market Research Report
By Type
0-20 KW, 20-200KW, 200KW-5000KW
By Application
Residential Roof PV System, Commercial Building Roof PV System, Ground PV Power Plant
By Companies
Sungrow Power, Huawei, TBEA, SiNENG, KSTAR, Kehua Hengshen, EAST, Chint Power, Delta, Samil Power, Growatt, JFY Tech., Grandglow, Shenzhen INVT, GoodWe, SAJ, GinLong, Northern Electric & Power Inc. , APsystems, Omnik New Energy, SMA, ABB, Omron, TMEIC, Tabuchi, AEG Power Solutions, KACO, Schneider Electric, Ingeteam, Fronius, Clenergy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global PV Inverter Market Report Segments:
The global PV Inverter market is segmented on the basis of:
Types
0-20 KW, 20-200KW, 200KW-5000KW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Roof PV System, Commercial Building Roof PV System, Ground PV Power Plant
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sungrow Power
- Huawei
- TBEA
- SiNENG
- KSTAR
- Kehua Hengshen
- EAST
- Chint Power
- Delta
- Samil Power
- Growatt
- JFY Tech.
- Grandglow
- Shenzhen INVT
- GoodWe
- SAJ
- GinLong
- Northern Electric & Power Inc.Â
- APsystems
- Omnik New Energy
- SMA
- ABB
- Omron
- TMEIC
- Tabuchi
- AEG Power Solutions
- KACO
- Schneider Electric
- Ingeteam
- Fronius
- Clenergy
Highlights of The PV Inverter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 0-20 KW
- 20-200KW
- 200KW-5000KW
- By Application:
- Residential Roof PV System
- Commercial Building Roof PV System
- Ground PV Power Plant
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PV Inverter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A PV inverter is a device that converts direct current (DC) into alternating current (AC). This is done by using an electric motor to turn a set of rotating solar panels. The AC power produced by the inverter can then be used to power devices in your home or office.
Some of the major companies in the pv inverter market are Sungrow Power, Huawei, TBEA, SiNENG, KSTAR, Kehua Hengshen, EAST, Chint Power, Delta, Samil Power, Growatt, JFY Tech., Grandglow, Shenzhen INVT, GoodWe, SAJ, GinLong, Northern Electric & Power Inc.‚Â , APsystems, Omnik New Energy, SMA, ABB, Omron, TMEIC, Tabuchi, AEG Power Solutions, KACO, Schneider Electric, Ingeteam, Fronius, Clenergy.
The pv inverter market is expected to grow at a compound annual growth rate of 7.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PV Inverter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. PV Inverter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PV Inverter Market - Supply Chain
4.5. Global PV Inverter Market Forecast
4.5.1. PV Inverter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PV Inverter Market Size (000 Units) and Y-o-Y Growth
4.5.3. PV Inverter Market Absolute $ Opportunity
5. Global PV Inverter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. PV Inverter Market Size and Volume Forecast by Type
5.3.1. 0-20 KW
5.3.2. 20-200KW
5.3.3. 200KW-5000KW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PV Inverter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. PV Inverter Market Size and Volume Forecast by Application
6.3.1. Residential Roof PV System
6.3.2. Commercial Building Roof PV System
6.3.3. Ground PV Power Plant
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PV Inverter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. PV Inverter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global PV Inverter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. PV Inverter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global PV Inverter Demand Share Forecast, 2019-2026
9. North America PV Inverter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America PV Inverter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America PV Inverter Market Size and Volume Forecast by Application
9.4.1. Residential Roof PV System
9.4.2. Commercial Building Roof PV System
9.4.3. Ground PV Power Plant
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PV Inverter Market Size and Volume Forecast by Type
9.7.1. 0-20 KW
9.7.2. 20-200KW
9.7.3. 200KW-5000KW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America PV Inverter Demand Share Forecast, 2019-2026
10. Latin America PV Inverter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America PV Inverter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America PV Inverter Market Size and Volume Forecast by Application
10.4.1. Residential Roof PV System
10.4.2. Commercial Building Roof PV System
10.4.3. Ground PV Power Plant
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PV Inverter Market Size and Volume Forecast by Type
10.7.1. 0-20 KW
10.7.2. 20-200KW
10.7.3. 200KW-5000KW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America PV Inverter Demand Share Forecast, 2019-2026
11. Europe PV Inverter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe PV Inverter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe PV Inverter Market Size and Volume Forecast by Application
11.4.1. Residential Roof PV System
11.4.2. Commercial Building Roof PV System
11.4.3. Ground PV Power Plant
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PV Inverter Market Size and Volume Forecast by Type
11.7.1. 0-20 KW
11.7.2. 20-200KW
11.7.3. 200KW-5000KW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10 Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe PV Inverter Demand Share, 2019-2026
12. Asia Pacific PV Inverter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific PV Inverter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific PV Inverter Market Size and Volume Forecast by Application
12.4.1. Residential Roof PV System
12.4.2. Commercial Building Roof PV System
12.4.3. Ground PV Power Plant
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PV Inverter Market Size and Volume Forecast by Type
12.7.1. 0-20 KW
12.7.2. 20-200KW
12.7.3. 200KW-5000KW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific PV Inverter Demand Share, 2019-2026
13. Middle East & Africa PV Inverter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa PV Inverter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa PV Inverter Market Size and Volume Forecast by Application
13.4.1. Residential Roof PV System
13.4.2. Commercial Building Roof PV System
13.4.3. Ground PV Power Plant
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PV Inverter Market Size and Volume Forecast by Type
13.7.1. 0-20 KW
13.7.2. 20-200KW
13.7.3. 200KW-5000KW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa PV Inverter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global PV Inverter Market: Market Share Analysis
14.2. PV Inverter Distributors and Customers
14.3. PV Inverter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sungrow Power
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Huawei
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TBEA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SiNENG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KSTAR
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kehua Hengshen
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. EAST
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Chint Power
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Delta
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Samil Power
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Growatt
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. JFY Tech.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Grandglow
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shenzhen INVT
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GoodWe
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SAJ
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. GinLong
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Northern Electric & Power Inc.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. APsystems
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Omnik New Energy
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
