The global solar hybrid inverter market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for renewable energy sources and the need for power backup solutions in developing countries. The residential segment accounted for the largest share of the global solar hybrid inverter market in 2018, followed by commercial and industrial segments. North America was estimated to account for a significant share of the global solar hybrid inverter market in 2018, followed by Europe and Asia Pacific.
Some Of The Growth Factors Of This Market:
- The increasing demand for renewable energy sources is driving the growth of the solar hybrid inverter market.
- The increasing awareness about the benefits of solar power is also driving the growth of this market.
- The rising number of government initiatives to promote renewable energy sources is also a factor that will drive this market in future years.
- The decreasing cost of solar panels and other components used in these systems will also drive this market in future years as it will make them more affordable for consumers and businesses alike, which will lead to increased adoption rates across all sectors, including residential, commercial and industrial applications.
- Increasing investments by governments and private companies into research & development activities related to solar hybrid inverters are expected to fuel the growth of this market over the forecast period.
Industry Growth Insights published a new data on “Solar Hybrid Inverter Market”. The research report is titled “Solar Hybrid Inverter Market research by Types (Single-Phase Hybrid, Three-Phase Hybrid), By Applications (Commercial, Residential), By Players/Companies Flin Energy, Luminous India, Microtek Inverters, Schneider Electric, Su-Kam Power Systems, Delta Energy Systems, EAST Group, KACO new energy, Pure Volt, Tabuchi Electric, Shanghai Sunvis New Energy, Voltronic Power Technology, SolaX Power, SolarEdge Technologies, Redback Technologies, Growatt New Energy Technology, GoodWe (Jiangsu) Power Supply Technology, Lavancha Renewable Energy”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Hybrid Inverter Market Research Report
By Type
Single-Phase Hybrid, Three-Phase Hybrid
By Application
Commercial, Residential
By Companies
Flin Energy, Luminous India, Microtek Inverters, Schneider Electric, Su-Kam Power Systems, Delta Energy Systems, EAST Group, KACO new energy, Pure Volt, Tabuchi Electric, Shanghai Sunvis New Energy, Voltronic Power Technology, SolaX Power, SolarEdge Technologies, Redback Technologies, Growatt New Energy Technology, GoodWe (Jiangsu) Power Supply Technology, Lavancha Renewable Energy
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Solar Hybrid Inverter Market Report Segments:
The global Solar Hybrid Inverter market is segmented on the basis of:
Types
Single-Phase Hybrid, Three-Phase Hybrid
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
Commercial, Residential
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:
- Flin Energy
- Luminous India
- Microtek Inverters
- Schneider Electric
- Su-Kam Power Systems
- Delta Energy Systems
- EAST Group
- KACO new energy
- Pure Volt
- Tabuchi Electric
- Shanghai Sunvis New Energy
- Voltronic Power Technology
- SolaX Power
- SolarEdge Technologies
- Redback Technologies
- Growatt New Energy Technology
- GoodWe (Jiangsu) Power Supply Technology
- Lavancha Renewable Energy
Highlights of The Solar Hybrid 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:
- Single-Phase Hybrid
- Three-Phase Hybrid
- By Application:
- Commercial
- Residential
- 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 Solar Hybrid 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 solar hybrid inverter is a type of energy-efficient power inverter that helps to convert sunlight into usable electricity. Solar hybrid inverters are typically more efficient than traditional power inverters and can help reduce your overall energy costs.
Some of the major players in the solar hybrid inverter market are Flin Energy, Luminous India, Microtek Inverters, Schneider Electric, Su-Kam Power Systems, Delta Energy Systems, EAST Group, KACO new energy, Pure Volt, Tabuchi Electric, Shanghai Sunvis New Energy, Voltronic Power Technology, SolaX Power, SolarEdge Technologies, Redback Technologies, Growatt New Energy Technology, GoodWe (Jiangsu) Power Supply Technology, Lavancha Renewable Energy.
The solar hybrid inverter market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Hybrid 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. Solar Hybrid Inverter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Hybrid Inverter Market - Supply Chain
4.5. Global Solar Hybrid Inverter Market Forecast
4.5.1. Solar Hybrid Inverter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Hybrid Inverter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Hybrid Inverter Market Absolute $ Opportunity
5. Global Solar Hybrid 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. Solar Hybrid Inverter Market Size and Volume Forecast by Type
5.3.1. Single-Phase Hybrid
5.3.2. Three-Phase Hybrid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Hybrid 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. Solar Hybrid Inverter Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Hybrid 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. Solar Hybrid 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 Solar Hybrid 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. Solar Hybrid 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 Solar Hybrid Inverter Demand Share Forecast, 2019-2026
9. North America Solar Hybrid 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 Solar Hybrid 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 Solar Hybrid Inverter Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Hybrid Inverter Market Size and Volume Forecast by Type
9.7.1. Single-Phase Hybrid
9.7.2. Three-Phase Hybrid
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 Solar Hybrid Inverter Demand Share Forecast, 2019-2026
10. Latin America Solar Hybrid 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 Solar Hybrid 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 Solar Hybrid Inverter Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Hybrid Inverter Market Size and Volume Forecast by Type
10.7.1. Single-Phase Hybrid
10.7.2. Three-Phase Hybrid
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 Solar Hybrid Inverter Demand Share Forecast, 2019-2026
11. Europe Solar Hybrid 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 Solar Hybrid 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 Solar Hybrid Inverter Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Hybrid Inverter Market Size and Volume Forecast by Type
11.7.1. Single-Phase Hybrid
11.7.2. Three-Phase Hybrid
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 Solar Hybrid Inverter Demand Share, 2019-2026
12. Asia Pacific Solar Hybrid 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 Solar Hybrid 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 Solar Hybrid Inverter Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Hybrid Inverter Market Size and Volume Forecast by Type
12.7.1. Single-Phase Hybrid
12.7.2. Three-Phase Hybrid
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 Solar Hybrid Inverter Demand Share, 2019-2026
13. Middle East & Africa Solar Hybrid 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 Solar Hybrid 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 Solar Hybrid Inverter Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Hybrid Inverter Market Size and Volume Forecast by Type
13.7.1. Single-Phase Hybrid
13.7.2. Three-Phase Hybrid
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 Solar Hybrid Inverter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Hybrid Inverter Market: Market Share Analysis
14.2. Solar Hybrid Inverter Distributors and Customers
14.3. Solar Hybrid Inverter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Flin Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Luminous India
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Microtek Inverters
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schneider Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Su-Kam Power Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Delta Energy Systems
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 Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KACO new energy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pure Volt
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tabuchi Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Sunvis New Energy
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Voltronic Power Technology
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SolaX Power
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SolarEdge Technologies
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Redback Technologies
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Growatt New Energy Technology
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. GoodWe (Jiangsu) Power Supply Technology
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Lavancha Renewable Energy
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook