Global Solar PV Inverter Market: Research Scope 2015-2019

About solar PV inverters

A PV inverter is a device that converts direct current from solar panels into alternate current of the required frequency, which is then supplied to the electric grid. This device uses the maximum power point tracking (MPPT) technique to extract the maximum amount of power from an array of solar panels. Though it functions just as a simple converter, a PV inverter is the most essential part of a solar power plant.Solar PV inverters are essential component of the solar PV systems and account for 10-15% of the overall cost. Solar inverter technologies are being rapidly developed and more sophisticated features such as remote monitoring and optimization are being integrated into the inverters. Factors such as quality, reliability, and efficiency are important purchase parameters of the inverters.

Technavio's analysts forecast the global solar PV inverter market to grow at a CAGR of 14.86% in terms of revenue and 21.53% in terms of annual installed capacity over the period 2014-2019.

Covered in this report

The report includes the present scenario and the growth prospects of global solar PV inverter market for the period 2015-2019. The market can be segmented into three divisions: technology, application, and geography.

Technavio's report, Global Solar PV Inverter Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.

Key regions

  • Americas
  • APAC
  • EMEA
Key vendors
  • ABB
  • Omron
  • SMA
  • Sungrow
  • TMEIC
Other prominent vendors
  • Bonfiglioli Riduttori
  • Danfoss Solar Inverter
  • Eaton
  • Emerson Electric
  • Enphase Energy
  • Fronius International
  • GE
  • Jiangsu Zeversolar New Energy
  • Mitsubishi Electric
  • Proniso
  • REFUsol
  • Riello
  • Siemens
  • TDK
  • Toshiba
Market driver
  • Growth in global PV installations and increase in solar energy consumption
  • For a full, detailed list, view our report
Market challenge
  • Seasonal fluctuation of solar power availability
  • For a full, detailed list, view our report
Market trend
  • Increased need to reduce carbon emissions
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Solar PV Inverter Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Solar PV Inverter Market: ABB, OMRON, SMA, Sungrow and TMEIC

Other Prominent Vendors in the market are: Bonfiglioli Riduttori, Danfoss Solar Inverter, Eaton, Emerson, Enphase Energy, Fronius International, GE, Jiangsu Zeversolar New Energy, Mitsubishi, Proniso, REFUsol, Riello, Siemens, TDK, and Toshiba.

Commenting on the report, an analyst from Technavio’s team said: “The most significant way to reduce GHG emissions is the use of renewable energy. Green energy generation involves the use of renewable sources such as solar energy, wind energy, and air and hydraulic energy to generate power. Therefore, it reduces carbon and other hazardous emissions considerably.”

According to the report, the availability of PV inverters that are integrated with energy storage devices has increased considerably. This has helped address the increased need for efficient load management among industries in the renewable energy sector because energy storage devices ensure continued power supply in grids and minimize interruptions. As a result, load management has become more effective, increasing the reliability of power grids.

Further, the report states that one of the challenges faced by the market is solar power generation industry depends heavily on sunlight, seasonal fluctuations in the availability of sunlight could cause intermittent power supply issues.

Companies Mentioned

ABB, OMRON, SMA, Sungrow, TMEIC, Bonfiglioli Riduttori, Danfoss Solar Inverter, Eaton, Emerson, Enphase Energy, Fronius International, GE, Jiangsu Zeversolar New Energy, Mitsubishi, Proniso, REFUsol, Riello, Siemens, TDK, Toshiba.

  • Executive Summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview of the solar PV industry
      • Table Global solar PV total installed capacity 2004-2014 (GW)
      • Table Solar PV capacity and additions - leading countries 2014
    • Global solar PV inverter industry overview 2014
  • Market landscape
    • Market overview
      • Table Market segmentation
      • Table On/off-grid type solar PV inverter
      • Table Micro solar PV inverter
    • Market size and forecast by annual installed capacity
      • Table Global solar PV inverter market 2014-2019 (GW)
    • Market size and forecast by revenue
      • Table Global solar PV inverter market 2014-2019 ($ billions)
    • Emerging market players
    • Top solar PV inverter products in 2014
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global solar PV inverter market by technology 2014
      • Table Global solar PV inverter market by technology 2014
    • Global solar PV inverter market by technology 2019
      • Table Global solar PV inverter market by technology 2019
    • Global solar PV inverter market by technology 2014-2019
      • Table Global solar PV inverter market by technology 2014-2019
    • Central inverters in the global solar PV inverter market
      • Table Central inverters in the global solar PV inverter market (GW)
    • String inverters in the global solar PV inverter market
      • Table String inverters in the global solar PV inverter market (GW)
    • Microinverters in the global solar PV inverter market
      • Table Microinverters in the global solar PV inverter market (GW)
  • Market segmentation by application
    • Global solar PV inverter market by application 2014
      • Table Global solar PV inverter market by application 2014
    • Global solar PV inverter market by application 2019
      • Table Global solar PV inverter market by application 2019
    • Global solar PV inverter market by application 2014-2019
    • Global solar PV inverter market by utility scale (>500kW) segment
      • Table Global solar PV inverter market by on-grid segment (GW)
    • Large commercial-scale solar PV inverters segment (100kW-499kW)
      • Table Large commercial-scale solar PV inverters segment (GW)
    • Small commercial-scale solar PV inverters segment (10kW-99kW)
      • Table Small commercial-scale solar PV inverters segment (GW)
    • Residential-scale solar PV inverters segment (<20kW)
      • Table Residential-scale solar PV inverters segment (GW)
    • Global solar PV inverter market by industrial scale inverters segment
      • Table Global solar PV inverter market by battery back-up inverters segment (GW)
  • Geographical segmentation
    • Geographical segmentation 2014
      • Table Geographical segmentation 2014
    • Geographical segmentation 2019
      • Table Geographical segmentation 2019
    • Geographical segmentation by annual installed capacity 2014-2019
      • Table Geographical segmentation by annual installed capacity 2014-2019
    • Geographical segmentation by revenue 2014-2019
      • Table Geographical segmentation by revenue 2014-2019
    • Solar PV inverter market in EMEA by annual installed capacity
      • Table Solar PV inverter market in EMEA by annual installed capacity (GW)
    • Solar PV inverter market in EMEA by revenue
      • Table Solar PV inverter market in EMEA by revenue ($ billions)
    • Solar PV inverter market in APAC by annual installed capacity
      • Table Solar PV inverter market in APAC by annual installed capacity (GW)
    • Solar PV inverter market in APAC by revenue
      • Table Solar PV inverter market in APAC by revenue ($ billions)
    • Solar PV inverter market in Americas by annual installed capacity
      • Table Solar PV inverter market in Americas by annual installed capacity (GW)
    • Solar PV inverter market in Americas by revenue
      • Table Solar PV inverter market in Americas by revenue ($ billions)
  • Key leading countries
    • Table Key leading countries in 2014
    • Table Key leading countries in global solar PV inverter market
    • China
      • Table Solar PV inverter installation trends in China 2005-2014 (GW)
    • Japan
      • Table Solar PV inverter installation trends in Japan 2005-2014 (GW)
    • US
      • Table Annual PV inverter additions in 2014 by top 10 States in the US (GW)
      • Table Solar PV inverter installation trends in US 2005-2014 (GW)
  • Market drivers
    • Table Global solar power consumption (TWh)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: business segmentation by revenue 2014
      • Table ABB: business segmentation by revenue 2013 and 2014 ($ billions)
      • Table ABB: geographical segmentation by revenue 2014
    • OMRON
      • Table Omron: Business segmentation by revenue 2015
      • Table Omron: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Omron: Geographical segmentation by revenue 2015
    • SMA
    • Sungrow
      • Table Sungrow: Product segmentation
      • Table Sungrow: Product segmentation by revenue 2014
      • Table Sungrow: Geographical segmentation by revenue 2014
    • TMEIC
      • Table TMEIC: Product categories
  • Appendix
    • List of abbreviation
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook