Solar PV Inverter Market Size, Share, and Growth 2023-2031
Solar PV Inverter Market: Strategic Insights
Solar PV Inverter Market
-
CAGR (2022 - 2030)7.8% -
Market Size 2022
US$ 17,041.24 Million -
Market Size 2030
US$ 8,673.56 Million
Market Dynamics
GROWTH DRIVERS
- Increasing installations in residential and utility applications
- Rising investment in solar energy sector
- Government led initiatives and schemes
FUTURE TRENDS
- Technological innovations in smart inverters
OPPORTUNITIES
- Increasing investment in renewable energy sector
Key Players
- Delta Electronics Inc
- FIMER S P A
- FRONIUS International GmbH
- GINLONG Technologies
- Huawei Technologies Co Ltd
- SMA Solar Technology AG
- Solaredge Technologies Inc
- Sungrow Power Supply Co Ltd
- Power Electronics S L
- Growatt New Energy
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product Type
- String
- Micro
- Central
Phase
- Single Phase
- Three Phase
Connectivity
- Standalone
- On-grid
Application
- Residential and Community
- Commercial and Industrial
- Utility