Solar Inverters Market Scope And Analysis

  • Report Code : TIPRE00009372
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Solar Inverters Market Scope and Analysis Report by 2028

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Solar Inverters Market Report Solar Inverters Market Size and Share Solar Inverters Market Scope and Analysis

Solar Inverters Market Report Scope

Report Attribute Details
Market size in 2023 US$ 10.65 Billion
Market Size by 2031 US$ 21.87 Billion
Global CAGR (2023 - 2031) 9.4%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Central
  • String
  • Micro
By System Type
  • On-Grid and Off-Grid
By End User
  • Residential
  • Commercial
  • Utility
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • FIMER SpA
  • Delta Electronics Inc
  • Enertechups
  • GOODWE
  • Power Electronics S L
  • Powerone Micro Systems Pvt Ltd
  • Sineng Electric
  • SMA Solar Technology AG
  • Solaredge Technologies Inc
  • Hitachi Hi Rel Power Electronics Pvt Ltd
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    Solar Inverters Market News and Recent Developments

    The solar inverters market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the solar inverters market are listed below:

    • INVTSolar successfully launched the latest product XG1-5kW-S on-grid inverter, at the SolarQuarter State Business Meet 2023 held in India. INVTSolar won the "State Leadership Awards 2023- Gujarat" award that proved its deep technical accumulation, strong R&D strength, and outstanding achievements - XG1-5KTL-S single-phase on-grid solar inverter. (Source: NTT Ltd, Press Release, December 2023)
    • Colt Data Centre Services (DCS), a global provider of hyperscale and large enterprise data center solutions, announced the launch of its first data center in India. The flagship Navi Mumbai data center marks Colt DCS’ strategic expansion and commitment to supporting the increasing demand of hyperscale cloud service providers and large enterprise businesses in the fast-growing Indian data center market. The data center boasts a highly resilient 220kV GIS substation onsite with LILO configuration. (Source: Colt Data Centre Services Holdings, Press Release, September 2023)

    Solar Inverters Market Report Coverage and Deliverables

    The “Solar Inverters Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • solar inverters market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • solar inverters market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • solar inverters market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the solar inverters market
    • Detailed company profiles