The solar PV inverter market size is projected to reach US$ 8,673.56 million by 2030 from US$ 17,041.24 million in 2022. The market is expected to register a CAGR of 7.8% in 2022–2030. Rapid investment in the solar energy sector, technological advancements or development of solar inverters, and the rise in installation of utility-based solar plants are among the key factors driving the solar PV inverter market.
Solar PV Inverter Market Analysis
The solar PV inverter market is projected to experience considerable growth during the analyzed timeframe owing to the rising number of solar energy projects as well as the discovery of advanced solar PV inverter solutions. In addition, smart solar PV inverters are a technologically advanced type of power electronics which can make autonomous decisions to keep the power grid stable and reliable. Smart solar inverters work while ensuring uninterrupted electricity flow without voltage fluctuations. Advanced features including voltage and frequency sensors allows smart solar inverters to detect grid abnormalities and send feedback to utility operators. Moreover, smart solar inverters ensure two-way communication with power utility control centers, thereby enhancing their efficiency across residential and commercial applications which in turn is expected to drive the market growth in the coming years.
Solar PV Inverter Market Overview
Solar installations across the globe attributed to government-led incentives and schemes, along with growing residential solar rooftop installations, positively influence the solar PV inverters market growth. Further, the increasing investments in the renewable energy sector to reduce fossil fuel consumption to lower carbon emissions, coupled with technological innovations in solar inverters, are among the factors driving the market growth. However, the risks associated with high DC voltages in solar inverters are restraining the market growth. Governments worldwide are launching various schemes to encourage the use of solar power as a primary energy source. Installing solar rooftop systems helps people produce electricity and utilize it for different applications, including residential, commercial, and even industrial.
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Solar PV Inverter Market: Strategic Insights
Market Size Value in US$ 8,673.56 million in 2022 Market Size Value by US$ 17,041.24 million by 2030 Growth rate CAGR of 7.8% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2022
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Solar PV Inverter Market: Strategic Insights
| Market Size Value in | US$ 8,673.56 million in 2022 |
| Market Size Value by | US$ 17,041.24 million by 2030 |
| Growth rate | CAGR of 7.8% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2022 |
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Solar PV Inverter Market Drivers and Opportunities
Increasing Installations in Residential and Utility applications is expected to be the Prime Driver for the Solar PV Inverter Market.
The increasing pursuit of green electricity to achieve sustainability and energy security is the main factor driving the deployment of solar PV to meet the increasing demand and replace fossil fuel-based power generation sources. The growth is mainly due to increasing government initiatives and incentives, technological advancements, constant cost reductions, and electrification of rural areas. Residential solar roof systems are easy to install and require minimal maintenance. The excess power generated is sold to the grid through a net metering facility, helping to reduce electricity bills. Given the depletion of fossil fuel reserves, accelerating environmental degradation, and pressure on electricity generation infrastructure, several governments have provided subsidies or incentives to enhance the adoption of solar energy by providing residential solar solutions.
Raising Investments in the Solar Energy Sector
According to the International Energy Agency (IEA), the global power demand will increase by 8% in 2022. The upswing in investments in 2022 is a mixture of a cyclical response to recovery and a structural shift in capital flows toward cleaner technologies. Some of the recent investments are mentioned below:
- According to the Solar Power Organization of Europe, the region installed 41.4 GW of solar plants in 2022, showcasing an increase of 47% in 2021.
- The Saudi Arabian Ministry in January 2023 announced an investment of US$ 226 billion for the development of clean energy across the country. This investment will be utilized for developing wind and solar energy infrastructure for generating power to meet the country-wide demand.
- China’s National Energy Administration in 2022 installed 106 gigawatts (GW) solar infrastructure showcasing a 100% year-on-year growth.
Thus, the increasing investments in the renewable energy sector help create opportunities for solar (PV) inverter market players during the forecast period.
Solar PV Inverter Market Report Segmentation Analysis
Key segments that contributed to the derivation of the solar PV inverter market analysis are product type, phase, connectivity, application, and capacity.
- On the basis of product type, the solar PV inverter market has been divided into string, micro, and central. The central segment held a larger market share in 2022.
- Based on the phase, the solar PV inverter market has been divided into single-phase and three-phase. The three-phase segment held a larger market share in 2022.
- On the basis of connectivity, the market has been segmented into standalone, and on-grid. The on-grid segment dominated the market in 2022.
- Based on the application, the solar PV inverter market has been divided into residential and community, commercial and industrial, and utility. The utility segment held a larger market share in 2022.
- Based on the capacity, the solar PV inverter market has been divided into below 5 kW, 5 - 15 kW, 15 - 25 kW, 25 - 50 kW, and above 50 kW. The above 50 kW segment held a larger market share in 2022.
Solar PV Inverter Market Share Analysis by Geography
The geographic scope of the solar PV inverter market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Asia Pacific will dominate the solar PV inverter market in 2022. The Asia Pacific region includes Australia, China, India, South Korea, Japan, & the Rest of Asia Pacific. In Asia Pacific, the solar PV inverters market growth is owing to the significant developments in the renewable energy industry owing to increased government strategies and initiatives towards climate change and net-zero emission targets. The increasing investments in solar photovoltaic (PV) plants and the growth of solar power plant establishment in the residential sector across Asia Pacific countries such as China, India, Australia, and Japan are creating lucrative opportunities for the solar inverter market players. In China, most PV products, or solar panels, are installed in remote areas in huge solar farms that sell the energy produced to utilities. Satellite images show a rise in these large solar farms across China. The drastic increase in solar energy in the country is due to the country's electricity demand and severe air pollution crisis. The Government of China is aimed at encouraging financial institutions to incentivize solar installations.
Solar PV Inverter Market Report Scope
Solar PV Inverter Market News and Recent Developments
The solar PV inverter market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for solar PV inverter market and strategies:
- In February 2023, SolarEdge Technologies Inc. signed a multi-year agreement with Freedom Forever, the US residential solar installation company. This agreement aimed at supplying residential smart energy products and solutions. Through this multi-year agreement between the companies, Freedom Forever will offer the products of SolarEdge Home Smart Energy Ecosystem, including the Home Hub Inverter, Power Optimizers, Home Battery, Backup Interface, Smart Energy Devices such as the SolarEdge EV Charger and Load Controllers.
- In April 2022, SMA expanded its product line by adding a new line of four inverters having power ratings of 12, 15, 20 and 25 kW. It would be used in rooftop applications up to 135kW in size.
Solar PV Inverter Market Report Coverage and Deliverables
The “Solar PV Inverter Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, & country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Phase, Connectivity, Application, and Capacity
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Solar PV inverters Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 RoW
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
5. Solar inverters Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Residential Solar Rooftop Installations
5.1.2 Rising Number of Solar Installations Attributed to Government-led Incentives and Schemes
5.2 Market Restraints
5.2.1 Safety Risks Associated with High DC Voltages in Solar Inverters
5.3 Market Opportunities
5.3.1 Increasing Investments in Renewable Energy Sector
5.4 Future Trends
5.4.1 Technological Innovations in Smart Inverters
5.5 Impact Analysis of Drivers and Restraints
6. Solar PV Inverters Market– Global Market Analysis
6.1 Global Solar PV Inverters Market Overview
6.2 Global Solar inverters Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Solar PV Inverters Market Analysis – By Product Type
7.1 Overview
7.2 Solar PV Inverters Market Breakdown, By Product Type, 2022 and 2030
7.3 Central
7.3.1 Overview
7.3.2 Central: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
7.4 String
7.4.1 Overview
7.4.2 String: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
7.5 Micro
7.5.1 Overview
7.5.2 Micro: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
8. Solar PV Inverters Market Analysis – By Connectivity
8.1 Overview
8.2 Solar PV Inverters Market Breakdown, By Connectivity, 2022 and 2030
8.3 On-Grid
8.3.1 Overview
8.3.2 On-Grid: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
8.4 Standalone
8.4.1 Overview
8.4.2 Standalone: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
9. Solar PV Inverters Market Analysis – By Phase
9.1 Overview
9.2 Solar PV Inverters Market Breakdown, By Phase, 2022 and 2030
9.3 Single Phase
9.3.1 Overview
9.3.2 Single Phase: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
9.4 Three Phase
9.4.1 Overview
9.4.2 Three Phase: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10. Solar PV Inverters Market Analysis – By Capacity
10.1 Overview
10.2 Solar PV Inverters Market Breakdown, By Capacity, 2022 and 2030
10.3 Below 5kW
10.3.1 Overview
10.3.2 Below 5kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10.4 5–15 kW
10.4.1 Overview
10.4.2 5–15 kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10.5–25 kW
10.5.1 Overview
10.5.2–25 kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10.6–50 kW
10.6.1 Overview
10.6.2–50 kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10.7 Above 50 kW
10.7.1 Overview
10.7.2 5–15 kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11. Solar PV Inverters Market Analysis – By Application
11.1 Overview
11.2 Solar PV Inverters Market Breakdown, By Application (2022 and 2030)
11.3 Residential and Community
11.3.1 Overview
11.3.2 Residential and Community: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.3.2.1 Below 5kW Market
11.3.2.1.1 Overview
11.3.2.1.2 Below 5kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.3.2.2 5-15 KW Market
11.3.2.2.1 Overview
11.3.2.2.2 5-15kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4 Commercial and Industrial
11.4.1 Overview
11.4.2 Commercial and Industrial: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.1 Below 5kW Market
11.4.2.1.1 Overview
11.4.2.1.2 Below 5kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.2 5-15 KW Market
11.4.2.2.1 Overview
11.4.2.2.2 5-15 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.3-25 kW Market
11.4.2.3.1 Overview
11.4.2.3.2-15 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.4-50 kW Market
11.4.2.4.1 Overview
11.4.2.4.2-50 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.5 Above 50kW Market
11.4.2.5.1 Overview
11.4.2.5.2 Above KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.5 Utility
11.5.1 Overview
11.5.2 Utility: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.5.2.1-50 kW Market
11.5.2.1.1 Overview
11.5.2.1.2-50 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.5.2.2 Above 50kW Market
11.5.2.2.1 Overview
11.5.2.2.2-50 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
12. Solar PV Inverters Market – Geographic Analysis
12.1 Overview
12.2 North America: Solar PV Inverters Market
12.2.1 North America: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.2.2 North America: Solar PV Inverters Market, By Product Type
12.2.3 North America: Solar PV Inverters Market, By Phase
12.2.4 North America: Solar PV Inverters Market, By Connectivity
12.2.5 North America: Solar PV Inverters Market, By Application
12.2.6 North America: Solar PV Inverters Market, By Capacity
12.2.7 North America: Solar PV Inverters Market, by Key Country
12.2.7.1 US: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.2.7.1.1 US: Solar PV Inverters Market, By Product Type
12.2.7.1.2 US: Solar PV Inverters Market, By Phase
12.2.7.1.3 US: Solar PV Inverters Market, By Connectivity
12.2.7.1.4 US: Solar PV Inverters Market, By Application
12.2.7.1.5 US: Solar PV Inverters Market, By Capacity
12.2.7.2 Canada: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.2.7.2.1 Canada: Solar PV Inverters Market, By Product Type
12.2.7.2.2 Canada: Solar PV Inverters Market, By Phase
12.2.7.2.3 Canada: Solar PV Inverters Market, By Connectivity
12.2.7.2.4 Canada: Solar PV Inverters Market, By Application
12.2.7.2.5 Canada: Solar PV Inverters Market, By Capacity
12.2.7.3 Mexico: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.2.7.3.1 Mexico: Solar PV Inverters Market, By Product Type
12.2.7.3.2 Mexico: Solar PV Inverters Market, By Phase
12.2.7.3.3 Mexico: Solar PV Inverters Market, By Connectivity
12.2.7.3.4 Mexico: Solar PV Inverters Market, By Application
12.2.7.3.5 Mexico: Solar PV Inverters Market, By Capacity
12.3 Europe: Solar PV Inverters Market
12.3.1 Europe: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.3.2 Europe: Solar PV Inverters Market, By Product Type
12.3.3 Europe: Solar PV Inverters Market, By Phase
12.3.4 Europe: Solar PV Inverters Market, By Connectivity
12.3.5 Europe: Solar PV Inverters Market, By Application
12.3.6 Europe: Solar PV Inverters Market, By Capacity
12.3.7 Europe: Solar PV Inverters Market, by Key Country
12.3.7.1 Germany: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.3.7.1.1 Germany: Solar PV Inverters Market, By Product Type
12.3.7.1.2 Germany: Solar PV Inverters Market, By Phase
12.3.7.1.3 Germany: Solar PV Inverters Market, By Connectivity
12.3.7.1.4 Germany: Solar PV Inverters Market, By Application
12.3.7.1.5 Germany: Solar PV Inverters Market, By Capacity
12.3.7.2 France: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.3.7.2.1 France: Solar PV Inverters Market, By Product Type
12.3.7.2.2 France: Solar PV Inverters Market, By Phase
12.3.7.2.3 France: Solar PV Inverters Market, By Connectivity
12.3.7.2.4 France: Solar PV Inverters Market, By Application
12.3.7.2.5 France: Solar PV Inverters Market, By Capacity
12.3.7.3 Italy: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.3.7.3.1 Italy: Solar PV Inverters Market, By Product Type
12.3.7.3.2 Italy: Solar PV Inverters Market, By Phase
12.3.7.3.3 Italy: Solar PV Inverters Market, By Connectivity
12.3.7.3.4 Italy: Solar PV Inverters Market, By Application
12.3.7.3.5 Italy: Solar PV Inverters Market, By Capacity
12.3.7.4 UK: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.3.7.4.1 UK: Solar PV Inverters Market, By Product Type
12.3.7.4.2 UK: Solar PV Inverters Market, By Phase
12.3.7.4.3 UK: Solar PV Inverters Market, By Connectivity
12.3.7.4.4 UK: Solar PV Inverters Market, By Application
12.3.7.4.5 UK: Solar PV Inverters Market, By Capacity
12.3.7.5 Spain: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.3.7.5.1 Spain: Solar PV Inverters Market, By Product Type
12.3.7.5.2 Spain: Solar PV Inverters Market, By Phase
12.3.7.5.3 Spain: Solar PV Inverters Market, By Connectivity
12.3.7.5.4 Spain: Solar PV Inverters Market, By Application
12.3.7.5.5 Spain: Solar PV Inverters Market, By Capacity
12.3.7.6 Rest of Europe: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.3.7.6.1 Rest of Europe: Solar PV Inverters Market, By Product Type
12.3.7.6.2 Rest of Europe: Solar PV Inverters Market, By Phase
12.3.7.6.3 Rest of Europe: Solar PV Inverters Market, By Connectivity
12.3.7.6.4 Rest of Europe: Solar PV Inverters Market, By Application
12.3.7.6.5 Rest of Europe: Solar PV Inverters Market, By Capacity
12.4 Asia Pacific: Solar PV Inverters Market
12.4.1 Asia Pacific: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.4.2 Asia Pacific: Solar PV Inverters Market, By Product Type
12.4.3 Asia Pacific: Solar PV Inverters Market, By Phase
12.4.4 Asia Pacific: Solar PV Inverters Market, By Connectivity
12.4.5 Asia Pacific: Solar PV Inverters Market, By Application
12.4.6 Asia Pacific: Solar PV Inverters Market, By Capacity
12.4.7 Asia Pacific: Solar PV Inverters Market, by Key Country
12.4.7.1 Australia: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.4.7.1.1 Australia: Solar PV Inverters Market, By Product Type
12.4.7.1.2 Australia: Solar PV Inverters Market, By Phase
12.4.7.1.3 Australia: Solar PV Inverters Market, By Connectivity
12.4.7.1.4 Australia: Solar PV Inverters Market, By Application
12.4.7.1.5 Australia: Solar PV Inverters Market, By Capacity
12.4.7.2 China: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.4.7.2.1 China: Solar PV Inverters Market, By Product Type
12.4.7.2.2 China: Solar PV Inverters Market, By Phase
12.4.7.2.3 China: Solar PV Inverters Market, By Connectivity
12.4.7.2.4 China: Solar PV Inverters Market, By Application
12.4.7.2.5 China: Solar PV Inverters Market, By Capacity
12.4.7.3 India: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.4.7.3.1 India: Solar PV Inverters Market, By Product Type
12.4.7.3.2 India: Solar PV Inverters Market, By Phase
12.4.7.3.3 India: Solar PV Inverters Market, By Connectivity
12.4.7.3.4 India: Solar PV Inverters Market, By Application
12.4.7.3.5 India: Solar PV Inverters Market, By Capacity
12.4.7.4 Japan: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.4.7.4.1 Japan: Solar PV Inverters Market, By Product Type
12.4.7.4.2 Japan: Solar PV Inverters Market, By Phase
12.4.7.4.3 Japan: Solar PV Inverters Market, By Connectivity
12.4.7.4.4 Japan: Solar PV Inverters Market, By Application
12.4.7.4.5 Japan: Solar PV Inverters Market, By Capacity
12.4.7.5 South Korea: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.4.7.5.1 South Korea: Solar PV Inverters Market, By Product Type
12.4.7.5.2 South Korea: Solar PV Inverters Market, By Phase
12.4.7.5.3 South Korea: Solar PV Inverters Market, By Connectivity
12.4.7.5.4 South Korea: Solar PV Inverters Market, By Application
12.4.7.5.5 South Korea: Solar PV Inverters Market, By Capacity
12.4.7.6 Rest of APAC: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.4.7.6.1 Rest of APAC: Solar PV Inverters Market, By Product Type
12.4.7.6.2 Rest of APAC: Solar PV Inverters Market, By Phase
12.4.7.6.3 Rest of APAC: Solar PV Inverters Market, By Connectivity
12.4.7.6.4 Rest of APAC: Solar PV Inverters Market, By Application
12.4.7.6.5 Rest of APAC: Solar PV Inverters Market, By Capacity
12.5 RoW: Solar PV Inverters Market
12.5.1 RoW: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.5.2 RoW: Solar PV Inverters Market, By Product Type
12.5.3 RoW: Solar PV Inverters Market, By Phase
12.5.4 RoW: Solar PV Inverters Market, By Connectivity
12.5.5 RoW: Solar PV Inverters Market, By Application
12.5.6 RoW: Solar PV Inverters Market, By Capacity
12.5.7 RoW: Solar PV Inverters Market, by Key Country
12.5.7.1 MEA: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.5.7.1.1 MEA: Solar PV Inverters Market, By Product Type
12.5.7.1.2 MEA: Solar PV Inverters Market, By Phase
12.5.7.1.3 MEA: Solar PV Inverters Market, By Connectivity
12.5.7.1.4 MEA: Solar PV Inverters Market, By Application
12.5.7.1.5 MEA: Solar PV Inverters Market, By Capacity
12.5.7.2 SAM: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
12.5.7.2.1 SAM: Solar PV Inverters Market, By Product Type
12.5.7.2.2 SAM: Solar PV Inverters Market, By Phase
12.5.7.2.3 SAM Solar PV Inverters Market, By Connectivity
12.5.7.2.4 SAM: Solar PV Inverters Market, By Application
12.5.7.2.5 SAM: Solar PV Inverters Market, By Capacity
13. Solar inverters Market - Covid-19 Impact Analysis
13.1 Overview
13.2 North America: Impact Assessment of COVID-19 Pandemic
13.3 Europe: Impact Assessment of COVID-19 Pandemic
13.4 APAC: Impact Assessment of COVID-19 Pandemic
13.5 RoW: Impact Assessment of COVID-19 Pandemic
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 Product Development
14.4 Mergers & Acquisitions
15. Company Profiles
15.1 Power Electronics SL
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Powerone Micro Systems Pvt.Ltd
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Sineng Electric Co Ltd
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 SMA Solar Technology AG
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Solaredge Technologies Inc
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Hitachi Hi-Rel Power Electronics Pvt Ltd
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Fimer SpA
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Delta Electronics Inc
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 EnerTech UPS Pvt Ltd
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 GoodWe Technologies Co Ltd
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
15.11 Ginlong Technologies
15.11.1 Key Facts
15.11.2 Business Description
15.11.3 Products and Services
15.11.4 Financial Overview
15.11.5 SWOT Analysis
15.11.6 Key Developments
15.12 Sungrow Power Supply Co., Ltd.
15.12.1 Key Facts
15.12.2 Business Description
15.12.3 Products and Services
15.12.4 Financial Overview
15.12.5 SWOT Analysis
15.12.6 Key Developments
15.13 Huawei Technologies Co.Ltd.
15.13.1 Key Facts
15.13.2 Business Description
15.13.3 Products and Services
15.13.4 Financial Overview
15.13.5 SWOT Analysis
15.13.6 Key Developments
15.14 Growatt New Energy Technology CO.,LTD.
15.14.1 Key Facts
15.14.2 Business Description
15.14.3 Products and Services
15.14.4 Financial Overview
15.14.5 SWOT Analysis
15.14.6 Key Developments
15.15 TMEIC
15.15.1 Key Facts
15.15.2 Business Description
15.15.3 Products and Services
15.15.4 Financial Overview
15.15.5 SWOT Analysis
15.15.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Word Index
LIST OF TABLES
Table 1. Global Solar inverters Market Revenue Forecast and Forecast to 2030 (US$ Million)
Table 2. North America: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 3. North America: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 4. North America: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 5. North America: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 6. North America: Solar PV Inverters Market, By Residential & Community – Revenue and Forecast to 2030 (US$ Million)
Table 7. North America: Solar PV Inverters Market, By Commercial & Industrial – Revenue and Forecast to 2030 (US$ Million)
Table 8. North America: Solar PV Inverters Market, By Utility – Revenue and Forecast to 2030 (US$ Million)
Table 9. North America: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 10. US: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 11. US: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 12. US: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 13. US: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 14. US: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 15. Canada: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 16. Canada: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 17. Canada: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 18. Canada: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 19. Canada: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 20. Mexico: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 21. Mexico: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 22. Mexico: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 23. Mexico: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 24. Mexico: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 25. Europe: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 26. Europe: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 27. Europe: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 28. Europe: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 29. Europe: Solar PV Inverters Market, By Residential & Community – Revenue and Forecast to 2030 (US$ Million)
Table 30. Europe: Solar PV Inverters Market, By Commercial & Industrial – Revenue and Forecast to 2030 (US$ Million)
Table 31. Europe: Solar PV Inverters Market, By Utility – Revenue and Forecast to 2030 (US$ Million)
Table 32. Europe: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 33. Germany: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 34. Germany: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 35. Germany: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 36. Germany: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 37. Germany: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 38. France: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 39. France: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 40. France: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 41. France: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 42. France: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 43. Italy: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 44. Italy: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 45. Italy: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 46. Italy: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 47. Italy: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 48. UK: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 49. UK: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 50. UK: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 51. UK: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 52. UK: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 53. Spain: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 54. Spain: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 55. Spain: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 56. Spain: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 57. Spain: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 58. Rest of Europe: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 59. Rest of Europe: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 60. Rest of Europe: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 61. Rest of Europe: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 62. Rest of Europe: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 63. Asia Pacific: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 64. Asia Pacific: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 65. Asia Pacific: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 66. Asia Pacific: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 67. Asia Pacific: Solar PV Inverters Market, By Residential & Community – Revenue and Forecast to 2030 (US$ Million)
Table 68. Asia Pacific: Solar PV Inverters Market, By Commercial & Industrial – Revenue and Forecast to 2030 (US$ Million)
Table 69. Asia Pacific: Solar PV Inverters Market, By Utility – Revenue and Forecast to 2030 (US$ Million)
Table 70. Asia Pacific: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 71. Australia: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 72. Australia: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 73. Australia: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 74. Australia: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 75. Australia: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 76. China: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 77. China: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 78. China: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 79. China: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 80. China: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 81. India: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 82. India: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 83. India: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 84. India: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 85. India: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 86. Japan: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 87. Japan: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 88. Japan: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 89. Japan: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 90. Japan: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 91. South Korea: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 92. South Korea: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 93. South Korea: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 94. South Korea: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 95. South Korea: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 96. Rest of APAC: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 97. Rest of APAC: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 98. Rest of APAC: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 99. Rest of APAC: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 100. Rest of APAC: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 101. RoW: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 102. RoW: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 103. RoW: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 104. RoW: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 105. RoW: Solar PV Inverters Market, By Residential & Community – Revenue and Forecast to 2030 (US$ Million)
Table 106. RoW: Solar PV Inverters Market, By Commercial & Industrial – Revenue and Forecast to 2030 (US$ Million)
Table 107. RoW: Solar PV Inverters Market, By Utility – Revenue and Forecast to 2030 (US$ Million)
Table 108. RoW: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 109. MEA: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 110. MEA: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 111. MEA: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 112. MEA: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 113. MEA: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 114. SAM: Solar PV Inverters Market, By Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 115. SAM: Solar PV Inverters Market, By Phase – Revenue and Forecast to 2030 (US$ Million)
Table 116. SAM: Solar PV Inverters Market, By Connectivity – Revenue and Forecast to 2030 (US$ Million)
Table 117. SAM: Solar PV Inverters Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 118. SAM: Solar PV Inverters Market, By Capacity – Revenue and Forecast to 2030 (US$ Million)
Table 119. List of Abbreviation
LIST OF FIGURES
Figure 1. Solar PV Inverters Market Segmentation
Figure 2. Solar PV Inverters Market Segmentation – By Geography
Figure 3. Global Solar PV Inverters Market Overview
Figure 4. Solar PV Inverters Market, by Product Type
Figure 5. Solar PV Inverters Market, by Phase
Figure 6. Solar PV Inverters Market, by Geography
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Solar inverters Market- Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Premium Insights
Figure 15. Solar (PV) Inverter Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Solar PV Inverters Market
Figure 17. Global Solar inverters Market Revenue Forecast and Analysis (US$ Million)
Figure 18. Solar PV Inverters Market Revenue Share, By Product Type (2022 and 2030)
Figure 19. Central: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. String: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Micro: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 22. Solar PV Inverters Market Revenue Share, By Connectivity (2022 and 2030)
Figure 23. On-Grid: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 24. Standalone: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 25. Solar PV Inverters Market Revenue Share, By Phase (2022 and 2030)
Figure 26. Single Phase: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 27. Three Phase: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 28. Solar PV Inverters Market Revenue Share, By Capacity (2022 and 2030)
Figure 29. Below 5kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 30. 5–15 kW Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 31.–25 kW Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 32.–50 kW Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 33. 5–15 kW Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 34. Solar PV Inverters Market Revenue Share, By Application (2022 and 2030)
Figure 35. Residential and Community: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 36. Below 5kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 37. 5-15kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 38. Commercial and Industrial: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 39. Below 5kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 40. Below 5kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 41.-25kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 42.-50KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 43. Above 50kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 44. Utility: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 45.-50KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 46. Above 50kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 47. Global Solar PV Inverters Market Revenue Share, By Region (2022 and 2030)
Figure 48. North America: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 49. North America: Solar PV Inverters Market Revenue Share, By Product Type (2022 and 2030)
Figure 50. North America: Solar PV Inverters Market Revenue Share, By Phase (2022 and 2030)
Figure 51. North America: Solar PV Inverters Market Revenue Share, By Connectivity (2022 and 2030)
Figure 52. North America: Solar PV Inverters Market Revenue Share, By Application (2022 and 2030)
Figure 53. North America: Solar PV Inverters Market Revenue Share, By Capacity (2022 and 2030)
Figure 54. North America: Solar PV Inverters Market Revenue Share, by Key Country (2022 and 2030)
Figure 55. US: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 56. Canada: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 57. Mexico: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 58. Europe: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 59. Europe: Solar PV Inverters Market Revenue Share, By Product Type (2022 and 2030)
Figure 60. Europe: Solar PV Inverters Market Revenue Share, By Phase (2022 and 2030)
Figure 61. Europe: Solar PV Inverters Market Revenue Share, By Connectivity (2022 and 2030)
Figure 62. Europe: Solar PV Inverters Market Revenue Share, By Application (2022 and 2030)
Figure 63. Europe: Solar PV Inverters Market Revenue Share, By Capacity (2022 and 2030)
Figure 64. Europe: Solar PV Inverters Market Revenue Share, by Key Country (2022 and 2030)
Figure 65. Germany: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 66. France: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 67. Italy: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 68. UK: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 69. Spain: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 70. Rest of Europe: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 71. Asia Pacific: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 72. Asia Pacific: Solar PV Inverters Market Revenue Share, By Product Type (2022 and 2030)
Figure 73. Asia Pacific: Solar PV Inverters Market Revenue Share, By Phase (2022 and 2030)
Figure 74. Asia Pacific: Solar PV Inverters Market Revenue Share, By Connectivity (2022 and 2030)
Figure 75. Asia Pacific: Solar PV Inverters Market Revenue Share, By Application (2022 and 2030)
Figure 76. Asia Pacific: Solar PV Inverters Market Revenue Share, By Capacity (2022 and 2030)
Figure 77. Asia Pacific: Solar PV Inverters Market Revenue Share, by Key Country (2022 and 2030)
Figure 78. Australia: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 79. China: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 80. India: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 81. Japan: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 82. South Korea: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 83. Rest of APAC: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 84. RoW: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 85. RoW: Solar PV Inverters Market Revenue Share, By Product Type (2022 and 2030)
Figure 86. RoW: Solar PV Inverters Market Revenue Share, By Phase (2022 and 2030)
Figure 87. RoW: Solar PV Inverters Market Revenue Share, By Connectivity (2022 and 2030)
Figure 88. RoW: Solar PV Inverters Market Revenue Share, By Application (2022 and 2030)
Figure 89. RoW: Solar PV Inverters Market Revenue Share, By Capacity (2022 and 2030)
Figure 90. RoW: Solar PV Inverters Market Revenue Share, by Key Country (2022 and 2030)
Figure 91. MEA: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 92. SAM: Solar PV Inverters Market – Revenue and Forecast to 2030 (US$ Million)
Figure 93. Impact of COVID-19 Pandemic on North American Country Markets
Figure 94. Impact of COVID-19 Pandemic on European Country Markets
Figure 95. Impact of COVID-19 Pandemic on APAC Country Markets
Figure 96. Impact of COVID-19 Pandemic on MEA Country Markets
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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