Global Renewable Energy Inverters Market 2022-2026

Global Renewable Energy Inverters Market 2022-2026

Technavio has been monitoring the renewable energy inverters market and it is poised to grow by $ 8.43 bn during 2022-2026 decelerating at a CAGR of 10.9% during the forecast period. Our report on the renewable energy inverters market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the declining cost of solar and wind power generation, supportive government policies and regulations for renewable power generation, and a shift toward EVs in the automotive industry.

The renewable energy inverters market analysis includes the application segment and geographic landscape.

Technavio's renewable energy inverters market is segmented as below:

By Application

  • Solar PV
  • EV
  • Wind
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • The Middle East and Africa
This study identifies the advances in power electronics used in solar PV systems as one of the prime reasons driving the renewable energy inverters market growth during the next few years. Also, the increasing adoption of microgrids and the development of smart cities will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the renewable energy inverters market covers the following areas:
  • Renewable energy inverters market sizing
  • Renewable energy inverters market forecast
  • Renewable energy inverters market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading renewable energy inverters market vendors that include Eaton Corp. Plc, Elpower Srl, Enphase Energy Inc., Fimer SpA, Fronius International GmbH, General Electric Co., GoodWe Technology Co. Ltd., Huawei Investment and Holding Co. Ltd., Ingeteam Corp. SA, KEB America Inc., Layer Electronics Srl, Panasonic Corp., Power Electronics Espana SLU, Schneider Electric SE, Siemens AG, Sineng Electric Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd., and TBEA Co. Ltd. Also, the renewable energy inverters market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Eaton Corp. Plc, Elpower Srl, Enphase Energy Inc., Fimer SpA, Fronius International GmbH, General Electric Co., GoodWe Technology Co. Ltd., Huawei Investment and Holding Co. Ltd., Ingeteam Corp. SA, KEB America Inc., Layer Electronics Srl, Panasonic Corp., Power Electronics Espana SLU, Schneider Electric SE, Siemens AG, Sineng Electric Co. Ltd., SMA Solar Technology AG, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd., TBEA Co. Ltd.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Application
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market: Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Bargaining power of buyers - Impact of key factors in 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2021-2026 (%)
      • Table Data Table on Application - Market share 2021-2026 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Solar PV - Market size and forecast 2021-2026
      • Table Chart on Solar PV - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Solar PV - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Solar PV - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Solar PV - Year-over-year growth 2021-2026 (%)
    • EV - Market size and forecast 2021-2026
      • Table Chart on EV - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on EV - Market size and forecast 2021-2026 ($ million)
      • Table Chart on EV - Year-over-year growth 2021-2026 (%)
      • Table Data Table on EV - Year-over-year growth 2021-2026 (%)
    • Wind - Market size and forecast 2021-2026
      • Table Chart on Wind - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Wind - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Wind - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Wind - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • India - Market size and forecast 2021-2026
      • Table Chart on India - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Table Chart on India - Year-over-year growth 2021-2026 (%)
      • Table Data Table on India - Year-over-year growth 2021-2026 (%)
    • Japan - Market size and forecast 2021-2026
      • Table Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • Germany - Market size and forecast 2021-2026
      • Table Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Declining cost of solar and wind power generation
      • Supportive government policies and regulations for renewable power generation
      • Shift toward EVs in the automotive industry
    • Market challenges
      • Inverter associated solar PV system failures
      • Intermittent nature of renewable sources of energy
      • Challenges posed by alternative sources of energy
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • Market trends
      • Advances in power electronics used in solar PV systems
      • Increasing adoption of microgrids
      • Development of smart cities and ZEBs
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Elpower Srl
      • Table Elpower Srl - Overview
      • Table Elpower Srl - Product / Service
      • Table Elpower Srl - Key offerings
    • Fimer SpA
      • Table Fimer SpA - Overview
      • Table Fimer SpA - Product / Service
      • Table Fimer SpA - Key offerings
    • GoodWe Technology Co. Ltd.
      • Table GoodWe Technology Co. Ltd. - Overview
      • Table GoodWe Technology Co. Ltd. - Product / Service
      • Table GoodWe Technology Co. Ltd. - Key offerings
    • Huawei Investment and Holding Co. Ltd.
      • Table Huawei Investment and Holding Co. Ltd. - Overview
      • Table Huawei Investment and Holding Co. Ltd. - Business segments
      • Table Huawei Investment and Holding Co. Ltd. - Key offerings
      • Table Huawei Investment and Holding Co. Ltd. - Segment focus
    • Layer Electronics Srl
      • Table Layer Electronics Srl - Overview
      • Table Layer Electronics Srl - Product / Service
      • Table Layer Electronics Srl - Key offerings
    • Power Electronics Espana SLU
      • Table Power Electronics Espana SLU - Overview
      • Table Power Electronics Espana SLU - Product / Service
      • Table Power Electronics Espana SLU - Key offerings
    • Schneider Electric SE
      • Table Schneider Electric SE - Overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Key news
      • Table Schneider Electric SE - Key offerings
      • Table Schneider Electric SE - Segment focus
    • Siemens AG
      • Table Siemens AG - Overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Key news
      • Table Siemens AG - Key offerings
      • Table Siemens AG - Segment focus
    • Sineng Electric Co. Ltd.
      • Table Sineng Electric Co. Ltd. - Overview
      • Table Sineng Electric Co. Ltd. - Product / Service
      • Table Sineng Electric Co. Ltd. - Key offerings
    • SMA Solar Technology AG
      • Table SMA Solar Technology AG - Overview
      • Table SMA Solar Technology AG - Business segments
      • Table SMA Solar Technology AG - Key offerings
      • Table SMA Solar Technology AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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