Global Solar Hybrid Inverter Market 2021-2025

Global Solar Hybrid Inverter Market 2021-2025

Technavio has been monitoring the solar hybrid inverter market and it is poised to grow by $ 76.44 mn during 2021-2025 progressing at a CAGR of over 10% during the forecast period. Our report on solar hybrid inverter 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, latest trends and drivers, and the overall market environment. The market is driven by the rise in solar energy installations and supportive governmental regulations. In addition, rise in solar energy installations is anticipated to boost the growth of the market as well.

The solar hybrid inverter market analysis include end-user segment and geographic landscape.

Technavio's solar hybrid inverter market is segmented as below:

By End-user

• Commercial
• Residential

By Geographical Landscape

• APAC
• Europe
• North America
• MEA
• South America

This study identifies the reduction in LCOE of solar power generationas one of the prime reasons driving the solar hybrid inverter market growth during the next few years.

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 solar hybrid inverter market covers the following areas:

• Solar hybrid inverter market sizing
• Solar hybrid inverter market forecast
• Solar hybrid inverter 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 solar hybrid inverter market vendors that include ABB Ltd., Delta Electronics Inc., Flin Technologies Pvt. Ltd., Growatt New Energy Technology Co. Ltd., KACO new energy, Microtek International Pvt. Ltd., Schneider Electric SE, SolarEdge Technologies Inc., Su-Kam Power Systems Ltd., and Tabuchi Electric Co. Ltd.. Also, the solar hybrid inverter 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.