Global PV inverters Market Analysis & Trends - Industry Forcast to 2028

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.

Regional Analysis:
North America
- US
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- UAE
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- 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


1 Market Outline
1.1 Research Methodology
1.1.1 Research Approach & Sources
1.2 Market Trends
1.3 Regulatory Factors
1.4 Product Analysis
1.5 Application Analysis
1.6 Strategic Benchmarking
1.7 Opportunity Analysis
2 Executive Summary
3 Market Overview
3.1 Current Trends
3.1.1 Increasing demand for renewable energy due to high power consumption
3.1.2 Reduction in renewable power generation costs
3.1.3 Increasing R&D operations to improve PV technology's operational efficiency and cost-effectiveness
3.1.4 Growth Opportunities/Investment Opportunities
3.2 Drivers
3.3 Constraints
3.4 Industry Attractiveness
3.4.1 Bargaining power of suppliers
3.4.2 Bargaining power of buyers
3.4.3 Threat of substitutes
3.4.4 Threat of new entrants
3.4.5 Competitive rivalry
4 PV Inverters Market, By Power Class
4.1 Single Phase
DATA TABLE Single Phase Market Forecast to 2028 (US$ MN)
4.2 Three Phase
DATA TABLE Three Phase Market Forecast to 2028 (US$ MN)
4.2.1 High Power (>99 kW)
DATA TABLE High Power (>99 kW) Market Forecast to 2028 (US$ MN)
4.2.2 Low Power (≤99 kW)
DATA TABLE Low Power (≤99 kW) Market Forecast to 2028 (US$ MN)
5 PV Inverters Market, By Nominal Output Power
5.1 > 110,000 W
DATA TABLE > 110,000 W Market Forecast to 2028 (US$ MN)
5.2 ≤ 300 W
DATA TABLE ≤ 300 W Market Forecast to 2028 (US$ MN)
5.3 33,000 - 110,000 W
DATA TABLE 33,000 - 110,000 W Market Forecast to 2028 (US$ MN)
5.4 3,000 - 33,000 W
DATA TABLE 3,000 - 33,000 W Market Forecast to 2028 (US$ MN)
5.5 300 - 3,000 W
DATA TABLE 300 - 3,000 W Market Forecast to 2028 (US$ MN)
6 PV Inverters Market, By Nominal Output Voltage
6.1 > 600 V
DATA TABLE > 600 V Market Forecast to 2028 (US$ MN)
6.2 230 - 400 V
DATA TABLE 230 - 400 V Market Forecast to 2028 (US$ MN)
6.3 ≤ 230 V
DATA TABLE ≤ 230 V Market Forecast to 2028 (US$ MN)
6.4 400 - 600 V
DATA TABLE 400 - 600 V Market Forecast to 2028 (US$ MN)
7 PV Inverters Market, By Connectivity
7.1 On-grid
DATA TABLE On-grid Market Forecast to 2028 (US$ MN)
7.2 Stand-alone
DATA TABLE Stand-alone Market Forecast to 2028 (US$ MN)
7.3 Off-grid
DATA TABLE Off-grid Market Forecast to 2028 (US$ MN)
7.4 Battery Backup Inverter
DATA TABLE Battery Backup Inverter Market Forecast to 2028 (US$ MN)
8 PV Inverters Market, By Type
8.1 Separate
DATA TABLE Separate Market Forecast to 2028 (US$ MN)
8.2 Parallel
DATA TABLE Parallel Market Forecast to 2028 (US$ MN)
9 PV Inverters Market, By Sales Channel
9.1 Distribution Channel
DATA TABLE Distribution Channel Market Forecast to 2028 (US$ MN)
9.2 Direct Channel
DATA TABLE Direct Channel Market Forecast to 2028 (US$ MN)
9.3 Photovoltaic (PV) Inverter Customers
DATA TABLE Photovoltaic (PV) Inverter Customers Market Forecast to 2028 (US$ MN)
9.4 Indirect Channel
DATA TABLE Indirect Channel Market Forecast to 2028 (US$ MN)
10 PV Inverters Market, By Product
10.1 String
DATA TABLE String Market Forecast to 20210 (US$ MN)
10.2 Micro
DATA TABLE Micro Market Forecast to 20210 (US$ MN)
10.3 Central
DATA TABLE Central Market Forecast to 20210 (US$ MN)
10.3.1 Transformer Based
DATA TABLE Transformer Based Market Forecast to 2028 (US$ MN)
10.3.2 Transformer Less
DATA TABLE Transformer Less Market Forecast to 2028 (US$ MN)
11 PV Inverters Market, By Application
11.1 Residential
DATA TABLE Residential Market Forecast to 2028 (US$ MN)
11.2 Utility
DATA TABLE Utility Market Forecast to 2028 (US$ MN)
11.3 Commercial
DATA TABLE Commercial Market Forecast to 2028 (US$ MN)
11.3.1 Government/Military
DATA TABLE Government/Military Market Forecast to 2028 (US$ MN)
11.3.2 Office
DATA TABLE Office Market Forecast to 2028 (US$ MN)
11.3.3 College/University
DATA TABLE College/University Market Forecast to 2028 (US$ MN)
11.4 Industrial
DATA TABLE Industrial Market Forecast to 2028 (US$ MN)
11.4.1 Chemical
DATA TABLE Chemical Market Forecast to 2028 (US$ MN)
11.4.2 Food Processing
DATA TABLE Food Processing Market Forecast to 2028 (US$ MN)
11.4.3 Paper
DATA TABLE Paper Market Forecast to 2028 (US$ MN)
12 PV Inverters Market, By Geography
12.1 North America
DATA TABLE North America Market Forecast by Countries to 2028 (US$ MN)
12.1.1 US
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
DATA TABLE Europe Market Forecast by Countries to 2028 (US$ MN)
12.2.1 Germany
12.2.2 U.K
12.2.3 Italy
12.2.4 France
12.2.5 Spain
12.2.6 Rest of Europe
12.3 Asia Pacific
DATA TABLE Asia Pacific Market Forecast by Countries to 2028 (US$ MN)
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 Australia
12.3.5 New Zealand
12.3.6 Rest of Asia Pacific
12.4 Middle East
DATA TABLE Middle East Market Forecast by Countries to 2028 (US$ MN)
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Rest of Middle East
12.5 Latin America
DATA TABLE Latin America Market Forecast by Countries to 2028 (US$ MN)
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Rest of Latin America
12.6 Rest of the World (RoW)
DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2028 (US$ MN)
12.6.1 South Africa
12.6.2 Others
13 Key Player Activities
13.1 Acquisitions & Mergers
13.2 Agreements, Partnerships, Collaborations and Joint Ventures
13.3 Product Launch & Expansions
13.4 Other Activities
14 Leading Companies
14.1 SMA Solar Technology
14.2 Sungrow Power Supply Co., Ltd.
14.3 Enphase Energy
14.4 Schneider Electric
14.5 Tabuchi Electric Co., Ltd.
14.6 Elettronica Santerno
14.7 TMEIC
14.8 Panasonic
14.9 The Furukawa Battery Co., Ltd.
14.10 Growatt New Energy Technology
14.11 Shenzhen KSTAR
14.12 REFU Elektronik GmbH
14.13 SatCon
14.14 Sineng
14.15 Solar Edge
List of Tables
Table 1 Global PV Inverters Market By Region, Market Forecast (2016-2028) (US $MN)
Table 2 Global PV Inverters Market By Power Class, Market Forecast (2016-2028) (US $MN)
Table 3 Global PV Inverters Market By Single Phase, Market Forecast (2016-2028) (US $MN)
Table 4 Global PV Inverters Market By Three Phase, Market Forecast (2016-2028) (US $MN)
Table 5 Global PV Inverters Market By High Power (>99 kW), Market Forecast (2016-2028) (US $MN)
Table 6 Global PV Inverters Market By Low Power (≤99 kW), Market Forecast (2016-2028) (US $MN)
Table 7 Global PV Inverters Market By Nominal Output Power, Market Forecast (2016-2028) (US $MN)
Table 8 Global PV Inverters Market By > 110,000 W, Market Forecast (2016-2028) (US $MN)
Table 9 Global PV Inverters Market By ≤ 300 W, Market Forecast (2016-2028) (US $MN)
Table 10 Global PV Inverters Market By 33,000 - 110,000 W, Market Forecast (2016-2028) (US $MN)
Table 11 Global PV Inverters Market By 3,000 - 33,000 W, Market Forecast (2016-2028) (US $MN)
Table 12 Global PV Inverters Market By 300 - 3,000 W, Market Forecast (2016-2028) (US $MN)
Table 13 Global PV Inverters Market By Nominal Output Voltage, Market Forecast (2016-2028) (US $MN)
Table 14 Global PV Inverters Market By > 600 V, Market Forecast (2016-2028) (US $MN)
Table 15 Global PV Inverters Market By 230 - 400 V, Market Forecast (2016-2028) (US $MN)
Table 16 Global PV Inverters Market By ≤ 230 V, Market Forecast (2016-2028) (US $MN)
Table 17 Global PV Inverters Market By 400 - 600 V, Market Forecast (2016-2028) (US $MN)
Table 18 Global PV Inverters Market By Connectivity, Market Forecast (2016-2028) (US $MN)
Table 19 Global PV Inverters Market By On-grid, Market Forecast (2016-2028) (US $MN)
Table 20 Global PV Inverters Market By Stand-alone, Market Forecast (2016-2028) (US $MN)
Table 21 Global PV Inverters Market By Off-grid, Market Forecast (2016-2028) (US $MN)
Table 22 Global PV Inverters Market By Battery Backup Inverter, Market Forecast (2016-2028) (US $MN)
Table 23 Global PV Inverters Market By Type, Market Forecast (2016-2028) (US $MN)
Table 24 Global PV Inverters Market By Separate, Market Forecast (2016-2028) (US $MN)
Table 25 Global PV Inverters Market By Parallel, Market Forecast (2016-2028) (US $MN)
Table 26 Global PV Inverters Market By Sales Channel, Market Forecast (2016-2028) (US $MN)
Table 27 Global PV Inverters Market By Distribution Channel, Market Forecast (2016-2028) (US $MN)
Table 28 Global PV Inverters Market By Direct Channel, Market Forecast (2016-2028) (US $MN)
Table 29 Global PV Inverters Market By Photovoltaic (PV) Inverter Customers, Market Forecast (2016-2028) (US $MN)
Table 30 Global PV Inverters Market By Indirect Channel, Market Forecast (2016-2028) (US $MN)
Table 31 Global PV Inverters Market By Product, Market Forecast (2016-2028) (US $MN)
Table 32 Global PV Inverters Market By String, Market Forecast (2016-2028) (US $MN)
Table 33 Global PV Inverters Market By Micro, Market Forecast (2016-2028) (US $MN)
Table 34 Global PV Inverters Market By Central, Market Forecast (2016-2028) (US $MN)
Table 35 Global PV Inverters Market By Transformer Based, Market Forecast (2016-2028) (US $MN)
Table 36 Global PV Inverters Market By Transformer Less, Market Forecast (2016-2028) (US $MN)
Table 37 Global PV Inverters Market By Application, Market Forecast (2016-2028) (US $MN)
Table 38 Global PV Inverters Market By Residential, Market Forecast (2016-2028) (US $MN)
Table 39 Global PV Inverters Market By Utility, Market Forecast (2016-2028) (US $MN)
Table 40 Global PV Inverters Market By Commercial, Market Forecast (2016-2028) (US $MN)
Table 41 Global PV Inverters Market By Government/Military, Market Forecast (2016-2028) (US $MN)
Table 42 Global PV Inverters Market By Office , Market Forecast (2016-2028) (US $MN)
Table 43 Global PV Inverters Market By College/University, Market Forecast (2016-2028) (US $MN)
Table 44 Global PV Inverters Market By Industrial, Market Forecast (2016-2028) (US $MN)
Table 45 Global PV Inverters Market By Chemical , Market Forecast (2016-2028) (US $MN)
Table 46 Global PV Inverters Market By Food Processing, Market Forecast (2016-2028) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above. Paper

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