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Global Photovoltaic Inverter Market 2018-2022

Global Photovoltaic Inverter Market 2018-2022

About Photovoltaic Inverter

The PV inverter is a device, which converts direct current (DC) from the solar panels in to alternative current (AC) of the required frequency.

Technavio’s analysts forecast the global photovoltaic inverter market to grow at a CAGR of 13.90% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global photovoltaic inverter market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Photovoltaic Inverter Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • SMA Solar Technology
  • OMRON Corporation
  • Huawei
  • TMEIC
  • SUNGROW
Market driver
  • Decline in LOCE of solar power generation and cost of solar inverters
  • For a full, detailed list, view our report
Market challenge
  • Intermittent nature of solar energy
  • For a full, detailed list, view our report
Market trend
  • Growing demand for polycrystalline solar panels
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Photovoltaic Inverter Market 2018-2022

Technavio recognizes the following companies as the key players in the global photovoltaic inverter market: ABB, SMA Solar Technology, OMRON Corporation, Huawei, TMEIC, and SUNGROW.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for polycrystalline solar panels. Different types of films such as monocrystalline, polycrystalline, and amorphous films are used in solar panels, among which monocrystalline films are the most popular films.”

According to the report, one driver in the market is decline in LOCE of solar power generation and cost of solar inverters. The cost of solar power generation has been reducing over the last five years. The cost of the PV systems reduced drastically due to improvements in technology and projects management.

Further, the report states that one challenge in the market is intermittent nature of solar energy. With the reducing installation cost and environmentally friendly government regulations, the solar PV market is growing rapidly. However, the intermittent nature of solar energy is a major challenge for the market growth.

Companies Mentioned

ABB, SMA Solar Technology, OMRON Corporation, Huawei, TMEIC, and SUNGROW.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global inverter market segmentation
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global photovoltaic inverter market - Market size and forecast 2017-2022 ($ bn)
      • Table Global photovoltaic inverter market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • On-grid - Market size and forecast 2017-2022
      • Table On-grid - Market size and forecast 2017-2022 ($ bn)
      • Table On-grid - Year-over-year growth 2018-2022 (%)
    • Off-grid - Market size and forecast 2017-2022
      • Table Off-grid - Market size and forecast 2017-2022 ($ bn)
      • Table Off-grid - Year-over-year growth 2018-2022 (%)
    • Battery backup inverter - Market size and forecast 2017-2022
      • Table Battery backup inverter - Market size and forecast 2017-2022 ($ bn)
      • Table Battery backup inverter - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by technology
    • Segmentation by technology
      • Table Technology - Market share 2017-2022 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Central inverters - Market size and forecast 2017-2022
      • Table Central inverters - Market size and forecast 2017-2022 ($ bn)
      • Table Advantages and disadvantages of central inverters
      • Table Central inverters - Year-over-year growth 2018-2022 (%)
    • String inverters - Market size and forecast 2017-2022
      • Table String inverters - Market size and forecast 2017-2022 ($ bn)
      • Table Advantages and disadvantages of string inverters
      • Table String inverters - Year-over-year growth 2018-2022 (%)
    • Micro-inverters - Market size and forecast 2017-2022
      • Table Micro-inverters - Market size and forecast 2017-2022 ($ bn)
      • Table Advantages and disadvantages of micro-inverters
      • Table Micro-inverters - Year-over-year growth 2018-2022 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ bn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Research Methodology
  • Drivers and challenges
    • Market drivers
      • Table Indexed cost of solar PV system 2008-2015
      • Table Global PV installations - Year-over-year growth 2005-2016 (%)
      • Table Countries with renewable targets and policies 2005
      • Table Countries with renewable targets and policies 2015
    • Market challenges
      • Table Power generation pattern by 1 kW solar module in a day
      • Table Intermittency and its impact on power systems
      • Table Crude oil prices 2011-2016 (% change)
  • Market trends
    • Growing demand for polycrystalline solar panels
      • Table Comparison of different technologies used in solar panels
    • Rise in deployment of microgrids
    • Rise in adoption of hybrid power systems in telecom towers
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB - Overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • Huawei
      • Table Huawei - Overview
      • Table Huawei - Business segments
      • Table Huawei - Organizational developments
      • Table Huawei - Geographic focus
      • Table Huawei - Segment focus
      • Table Huawei - Key offerings
    • OMRON
      • Table OMRON - Overview
      • Table OMRON - Business segments
      • Table OMRON - Organizational developments
      • Table OMRON - Geographic focus
      • Table OMRON - Segment focus
      • Table OMRON - Key offerings
    • SMA Solar Technology
      • Table SMA Solar Technology - Overview
      • Table SMA Solar Technology - Business segments
      • Table SMA Solar Technology - Organizational developments
      • Table SMA Solar Technology - Geographic focus
      • Table SMA Solar Technology - Segment focus
      • Table SMA Solar Technology - Key offerings
    • SUNGROW
      • Table SUNGROW - Overview
      • Table SUNGROW - Solutions
      • Table SUNGROW - Organizational developments
      • Table SUNGROW - Geographic focus
      • Table SUNGROW - Segment focus
      • Table SUNGROW - Key offerings
    • TMEIC
      • Table TMEIC - Overview
      • Table TMEIC - Solutions
      • Table TMEIC - Organizational developments
      • Table TMEIC - Geographic focus
      • Table TMEIC - Segment focus
      • Table TMEIC - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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