
Asia-Pacific Renewable Energy Inverter Market, By Product Type (Central Inverter, Micro-Inverter, Off-Grid Inverter, Grid-Tied Inverter, Battery-Based Inverter); By Application (Residential, Commercial, Others); By Region (China, India, Malaysia, Singapor
Description
Asia-Pacific Renewable Energy Inverter Market, By Product Type (Central Inverter, Micro-Inverter, Off-Grid Inverter, Grid-Tied Inverter, Battery-Based Inverter); By Application (Residential, Commercial, Others); By Region (China, India, Malaysia, Singapore, Thailand, Vietnam, Indonesia, Japan, South Korea, Australia Rest of Asia Pacific), Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Asia-Pacific Renewable Energy Inverters Market to Grow at 16.5% during Forecast Period
The Asia-Pacific (APAC) renewable energy inverters market is booming due to an increasing demand for electricity generation from renewable energy sources and governments’ favorable regulations and incentive to promote power generation from renewable sources…
As per a report published by BlueWeave Consulting, a leading strategic consulting and market research firm, APAC Renewable Energy Inverters Market is forecast to grow at a CAGR of 16.5% during 2022–2028. Major factors for the market growth include increased investments in renewable energy projects across emerging nations, increased concerns about reducing greenhouse gas (GHG) emissions, and frequent power outages coupled with a faulty grid infrastructure.
Climate Change Awareness to Drive Demand for power generation from renewable sources
The growing focus on sustainable sources for power generation to lower the emission of harmful gasses could have a significant impact on the expansion of the APAC renewable energy inverter market for renewable energy inverters. The increasing demand for electricity generated from renewable energy sources and the expansion of government programs to promote the use of renewable energy sources for electricity generation are the main drivers propelling the growth of the APAC renewable energy inverter market for renewable energy inverters. During the projection period, the rapid electrification of rural and remote areas in developing countries would further enhance the demand for renewable energy inverters.
Challenges
Lack of widespread awareness, high initial cost of building new infrastructure, and the recent reductions in government subsidies for solar panels in the region could limit the APAC renewable energy inverter market expansion during the forecast period.
Segmental Coverage
Asia-Pacific Renewable Energy Inverter Market - By Type
Based on inverter type, the APAC renewable energy inverter market has central inverters, off-grid inverters, micro-inverters, grid-tied inverters, and battery-based inverter segments. Due to the rising installation of massive renewable electricity projects, the grid-tied inverters category is projected to hold the highest market share during the forecast period. Meanwhile, the central inverter segment is expected to expand at an accelerating pace because of the rising installation of solar energy generation equipment.
Impact of COVID 19 on Asia-Pacific Renewable Energy Inverters Market
Covid-19 pandemic induced lockdown and base delays have slowed the market expansion. In the value chain of major players witnessed delays in producing new inverters, negative outlook for capacity expansion, and financial difficulties. However, favorable government programs and investments in the solar-powered electrification of distant and rural areas could support the growth of the market for renewable energy inverters in APAC.
Competitive Landscape
APAC is home to many major manufacturers of renewable energy inverters, including General Electric, SMA Solar Technology, Sungrow, Darfon Electronics Corp., Schneider Electric, Enphase Energy, Siemens, Fimer Group, Eaton Corporation, SolarEdge Technologies, Huawei Technologies, Hitachi Hi-Rel Power Electronics Private Limited, TMEIC, Panasonic Corporation, Ginlong Technologies, GoodWe, and Shenzhen SOFARSOLAR Co., Ltd.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Asia-Pacific Renewable Energy Inverter Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia-Pacific Renewable Energy Inverter Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Asia-Pacific Renewable Energy Inverters Market to Grow at 16.5% during Forecast Period
The Asia-Pacific (APAC) renewable energy inverters market is booming due to an increasing demand for electricity generation from renewable energy sources and governments’ favorable regulations and incentive to promote power generation from renewable sources…
As per a report published by BlueWeave Consulting, a leading strategic consulting and market research firm, APAC Renewable Energy Inverters Market is forecast to grow at a CAGR of 16.5% during 2022–2028. Major factors for the market growth include increased investments in renewable energy projects across emerging nations, increased concerns about reducing greenhouse gas (GHG) emissions, and frequent power outages coupled with a faulty grid infrastructure.
Climate Change Awareness to Drive Demand for power generation from renewable sources
The growing focus on sustainable sources for power generation to lower the emission of harmful gasses could have a significant impact on the expansion of the APAC renewable energy inverter market for renewable energy inverters. The increasing demand for electricity generated from renewable energy sources and the expansion of government programs to promote the use of renewable energy sources for electricity generation are the main drivers propelling the growth of the APAC renewable energy inverter market for renewable energy inverters. During the projection period, the rapid electrification of rural and remote areas in developing countries would further enhance the demand for renewable energy inverters.
Challenges
Lack of widespread awareness, high initial cost of building new infrastructure, and the recent reductions in government subsidies for solar panels in the region could limit the APAC renewable energy inverter market expansion during the forecast period.
Segmental Coverage
Asia-Pacific Renewable Energy Inverter Market - By Type
Based on inverter type, the APAC renewable energy inverter market has central inverters, off-grid inverters, micro-inverters, grid-tied inverters, and battery-based inverter segments. Due to the rising installation of massive renewable electricity projects, the grid-tied inverters category is projected to hold the highest market share during the forecast period. Meanwhile, the central inverter segment is expected to expand at an accelerating pace because of the rising installation of solar energy generation equipment.
Impact of COVID 19 on Asia-Pacific Renewable Energy Inverters Market
Covid-19 pandemic induced lockdown and base delays have slowed the market expansion. In the value chain of major players witnessed delays in producing new inverters, negative outlook for capacity expansion, and financial difficulties. However, favorable government programs and investments in the solar-powered electrification of distant and rural areas could support the growth of the market for renewable energy inverters in APAC.
Competitive Landscape
APAC is home to many major manufacturers of renewable energy inverters, including General Electric, SMA Solar Technology, Sungrow, Darfon Electronics Corp., Schneider Electric, Enphase Energy, Siemens, Fimer Group, Eaton Corporation, SolarEdge Technologies, Huawei Technologies, Hitachi Hi-Rel Power Electronics Private Limited, TMEIC, Panasonic Corporation, Ginlong Technologies, GoodWe, and Shenzhen SOFARSOLAR Co., Ltd.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Asia-Pacific Renewable Energy Inverter Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia-Pacific Renewable Energy Inverter Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Table of Contents
125 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Country
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Asia-Pacific Renewable Energy Inverters Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Advancement/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces 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. Intensity of Rivalry
- 5. Asia-Pacific Renewable Energy Inverters Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.1.1. Central Inverter
- 5.2.1.2. Micro-Inverter
- 5.2.1.3. Off-Grid Inverter
- 5.2.1.4. Grid-Tied Inverter
- 5.2.1.5. Battery-Based Inverter
- 5.2.2. By Application
- 5.2.2.1. Residential
- 5.2.2.2. Commercial
- 5.2.2.3. Others
- 5.2.3. By Region
- 5.2.3.1. China
- 5.2.3.2. India
- 5.2.3.3. Malaysia
- 5.2.3.4. Singapore
- 5.2.3.5. Thailand
- 5.2.3.6. Vietnam
- 5.2.3.7. Indonesia
- 5.2.3.8. Japan
- 5.2.3.9. South Korea
- 5.2.3.10. Australia
- 5.2.3.11. Rest of Asia Pacific
- 6. China North Renewable Energy Inverters Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Application
- 7. India Renewable Energy Inverters Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Application
- 8. Malaysia Renewable Energy Inverters Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Application
- 9. Singapore Renewable Energy Inverters Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Application
- 10. Thailand Renewable Energy Inverters Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Product Type
- 10.2.2. By Application
- 11. Vietnam Renewable Energy Inverters Market
- 11.1. Market Size & Forecast by Value, 2018-2028
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Product Type
- 11.2.2. By Application
- 12. Indonesia Renewable Energy Inverters Market
- 12.1. Market Size & Forecast by Value, 2018-2028
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Product Type
- 12.2.2. By Application
- 13. Japan Renewable Energy Inverters Market
- 13.1. Market Size & Forecast by Value, 2018-2028
- 13.1.1. By Value (USD Million)
- 13.2. Market Share & Forecast
- 13.2.1. By Product Type
- 13.2.2. By Application
- 14. South Korea Renewable Energy Inverters Market
- 14.1. Market Size & Forecast by Value, 2018-2028
- 14.1.1. By Value (USD Million)
- 14.2. Market Share & Forecast
- 14.2.1. By Product Type
- 14.2.2. By Application
- 15. Australia Renewable Energy Inverters Market
- 15.1. Market Size & Forecast by Value, 2018-2028
- 15.1.1. By Value (USD Million)
- 15.2. Market Share & Forecast
- 15.2.1. By Product Type
- 15.2.2. By Application
- 16. Rest of Asia-Pacific Renewable Energy Inverters Market
- 16.1. Market Size & Forecast by Value, 2018-2028
- 16.1.1. By Value (USD Million)
- 16.2. Market Share & Forecast
- 16.2.1. By Product Type
- 16.2.2. By Application
- 17. Competitive Landscape
- 17.1. List of Key Players and Their Offerings
- 17.2. Market Share Analysis, 2021
- 17.3. Competitive Benchmarking, By Operating Parameters
- 17.4. Key Strategic Development (Merger, Acquisition, Partnership.)
- 18. Impact of Covid-19 on Asia-Pacific Renewable Energy Inverters Industry
- 19. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 19.1. KACO Group
- 19.2. Ingeteam Power Technology S.A.
- 19.3. General Electric
- 19.4. TMEIC
- 19.5. Schneider Electric
- 19.6. SMA Solar Technology AG
- 19.7. Bonfiglioli Transmissions Private Limited
- 19.8. Danfoss
- 19.9. Eaton
- 19.10. Emerson Electric
- 19.11. Enphase Energy
- 19.12. Fronius International GmbH
- 19.13. Mitsubishi Electric Corporation
- 19.14. REFU
- 19.15. Riello Elettronica Group
- 20. Key Strategic Recommendations
- List of Figures
- Figure 1 Asia-Pacific Renewable Energy Inverters Segmentation
- Figure 2 Asia-Pacific Renewable Energy Inverters Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Asia-Pacific Renewable Energy Inverters Market Size, By Value (USD Million), 2018-2028
- Figure 5 Asia-Pacific Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 6 Asia-Pacific Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 7 Asia-Pacific Renewable Energy Inverters Market Share, By Country, By Value, 2018-2028
- Figure 8 China Renewable Energy Inverters Market Size, By Value (USD Million), 2018-2028
- Figure 9 China Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 10 China Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 11 India Renewable Energy Inverters Market Size, By Value (USD Million), 2018-2028
- Figure 12 India Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 13 India Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 14 Malaysia Renewable Energy Inverters Market Size, By Value (USD Million), 2018-2028
- Figure 15 Malaysia Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 16 Malaysia Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 17 Singapore Renewable Energy Inverters Market Size, By Value (USD Million), 2018-2028
- Figure 18 Singapore Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 19 Singapore Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 20 Thailand Renewable Energy Inverters Market Size, By Value (USD Million), 2018-2028
- Figure 21 Thailand Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 22 Thailand Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 23 Vietnam Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 24 Vietnam Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 25 Indonesia Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 26 Indonesia Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 27 Japan Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 28 Japan Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 29 South Korea Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 30 South Korea Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 31 Australia Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 32 Australia Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- Figure 33 Rest of Asia-Pacific Renewable Energy Inverters Market Share, By Product Type, By Value, 2018-2028
- Figure 34 Rest of Asia-Pacific Renewable Energy Inverters Market Share, By Application, By Value, 2018-2028
- List of Tables
- Table 1 Asia-Pacific Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 2 Asia-Pacific Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 3 Asia-Pacific Renewable Energy Inverters Market Size, By Country, By Value, 2018-2028
- Table 4 China Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 5 China Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 6 India Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 7 India Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 8 Malaysia Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 9 Malaysia Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 10 Singapore Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 11 Singapore Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 12 Thailand Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 13 Thailand Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 14 Vietnam Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 15 Vietnam Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 16 Indonesia Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 17 Indonesia Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 18 Japan Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 19 Japan Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 20 South-Korea Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 21 South-Korea Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 22 Australia Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 23 Australia Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 24 Rest of Asia-Pacific Renewable Energy Inverters Market Size, By Product Type, By Value, 2018-2028
- Table 25 Rest of Asia-Pacific Renewable Energy Inverters Market Size, By Application, By Value, 2018-2028
- Table 26 KACO Group Company Overview
- Table 27 KACO Group Financial Overview
- Table 28 Ingeteam Power Technology S.A. Company Overview
- Table 29 Ingeteam Power Technology S.A. Financial Overview
- Table 30 TMEIC Company Overview
- Table 31 TMEIC Financial Overview
- Table 32 Schneider Electric Company Overview
- Table 33 Schneider Electric Financial Overview
- Table 34 Bonfiglioli Transmissions Private Limited Company Overview
- Table 35 Bonfiglioli Transmissions Private Limited Financial Overview
- Table 36 Eaton Company Overview
- Table 37 Eaton Financial Overview
- Table 38 Emerson Electric Company Overview
- Table 39 Emerson Electric Financial Overview
- Table 40 Enphase Energy Company Overview
- Table 41 Enphase Energy Financial Overview
- Table 42 Fronius International GmbH Company Overview
- Table 43 Fronius International GmbH Financial Overview
- Table 44 Mitsubishi Electric Corporation Company Overview
- Table 45 Mitsubishi Electric Corporation Financial Overview
- Table 46 REFU Company Overview
- Table 47 REFU Financial Overview
- Table 48 Riello Elettronica Group Company Overview
- Table 49 Riello Elettronica Group Financial Overview
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