Global PV inverters Market Analysis & Trends - Industry Forcast to 2028
The Global PV Inverters Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2028. Some of the prominent trends that the market is witnessing include increasing demand for renewable energy due to high power consumption and reduction in renewable power generation costs.
Based on the power class, the market is segregated into single phase and three phases. Three phase segment is again segmented into high power (>99 kW) and low power (≤99 kW).
On the basis of the nominal output power, the market is classified into > 110,000 W, ≤ 300 W, 33,000 - 110,000 W, 3,000 - 33,000 W and 300 - 3,000 W.
By nominal output voltage, the market is fragmented into > 600 V, 230 - 400 V, ≤ 230 V and 400 - 600 V.
With respect to the connectivity, the market is segmented into on-grid and stand-alone, off-grid and battery backup inverter.
Based on the type, the market is segregated into separate and parallel.
On the basis of the sales channel, the market is classified into distribution channel, direct channel, photovoltaic (PV) inverter customers and indirect channel.
Based on the product, the market is segregated into string, micro and central. Central segment is further segmented into transformer based and transformer less.
By application, the market is fragmented into residential, utility, commercial and industrial. Moreover, commercial segment is more segmented into government/military, office and college/university. Additionally, industrial segment is again segmented into chemical, food processing and paper.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2015, 2016 revenue estimations are presented for 2017 and forecasts from 2018 till 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
- Saudi Arabia
- Rest of Middle East
- Rest of Latin America
Rest of the World
- South Africa
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
- Market opportunities and recommendations for new investments
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