Photovoltaic (PV) Inverter Market - Forecasts from 2019 to 2024
The photovoltaic (PV) inverter market is projected to grow at a CAGR of 10.45% to reach US$12.804 billion by 2024, from US$7.052 billion in 2018. Growing focus towards environmental sustainability and clean energy is significantly driving the demand for PV inverters worldwide. Favorable government policies and initiatives to promote renewable energy is also boosting the growth of PV inverter market. Declining cost of components has also escalated the solar PV installations, thus positively impacting the growth of PV inverter market. Stringent government regulations in regions like North America and Europe regarding CHG emissions will continue to bolster the growth of PV inverter market during the next five years.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the PV Inverter value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the PV Inverter market.
Major industry players profiled as part of the report are SMA Solar Technology AG, SUNGROW, Delta Electronics Inc., Omron Corporation, and TMEIC among others.
Segmentation
The PV Inverter market has been analyzed through following segments:
By Connectivity
Standalone
On-Grid
By Type
Micro
String
Central
By Application
Residential
Commercial
Industrial
By Geography
North America
USA
Canada
Mexico
Others
South America
Brazil
Others
Europe
United Kingdom
Germany
France
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
Australia
Others
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the PV Inverter value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the PV Inverter market.
Major industry players profiled as part of the report are SMA Solar Technology AG, SUNGROW, Delta Electronics Inc., Omron Corporation, and TMEIC among others.
Segmentation
The PV Inverter market has been analyzed through following segments:
By Connectivity
Standalone
On-Grid
By Type
Micro
String
Central
By Application
Residential
Commercial
Industrial
By Geography
North America
USA
Canada
Mexico
Others
South America
Brazil
Others
Europe
United Kingdom
Germany
France
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
Australia
Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. PV INVERTER MARKET BY CONNECTIVITY
5.1. Standalone
5.2. On-Grid
6. PV INVERTER MARKET BY TYPE
6.1. Micro
6.2. String
6.3. Central
7. PV INVERTER MARKET BY APPLICATION
7.1. Residential
7.2. Commercial
7.3. Industrial
8. PV INVERTER MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Others
8.3. Europe
8.3.1. United Kingdom
8.3.2. Germany
8.3.3. France
8.3.4. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Israel
8.4.4. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. Australia
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competition and Offerings Analysis of Key Vendors
9.2. Recent Investment and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. SMA Solar Technology AG
10.2. SUNGROW
10.3. Delta Electronics Inc.
10.4. Omron Corporation
10.5. TMEIC
10.6. Sineng
10.7. CHINT Group
10.8. Solax Power
10.9. SolarEdge
10.10. Huawei
LIST OF FIGURES
LIST OF TABLES
DISCLAIMER
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. PV INVERTER MARKET BY CONNECTIVITY
5.1. Standalone
5.2. On-Grid
6. PV INVERTER MARKET BY TYPE
6.1. Micro
6.2. String
6.3. Central
7. PV INVERTER MARKET BY APPLICATION
7.1. Residential
7.2. Commercial
7.3. Industrial
8. PV INVERTER MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Others
8.3. Europe
8.3.1. United Kingdom
8.3.2. Germany
8.3.3. France
8.3.4. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Israel
8.4.4. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. Australia
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competition and Offerings Analysis of Key Vendors
9.2. Recent Investment and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. SMA Solar Technology AG
10.2. SUNGROW
10.3. Delta Electronics Inc.
10.4. Omron Corporation
10.5. TMEIC
10.6. Sineng
10.7. CHINT Group
10.8. Solax Power
10.9. SolarEdge
10.10. Huawei
LIST OF FIGURES
LIST OF TABLES
DISCLAIMER
