Middle East & Africa Solar Inverters Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Central, String, and Micro), System Type (On-Grid and Off-Grid), and End User (Residential, Commercial, and Utility)
Description
Middle East & Africa Solar Inverters Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Central, String, and Micro), System Type (On-Grid and Off-Grid), and End User (Residential, Commercial, and Utility)
The Middle East & Africa solar inverters market is expected to reach US$ 615.37 million by 2028 from US$ 404.46 million in 2022; it is estimated to grow at a CAGR of 7.2% from 2022 to 2028.
Due to the high penetration level of distributed energy resources (DER), the grid poses many complex challenges to the functioning of inverters. As a solution for these common problems, smart inverters come into play by solving most of the problems of the traditional system. Since smart inverters work autonomously, they have a positive impact on the implemented residential sector as well as the national power grid. Due to the stress, the traditional grid requires constant maintenance, but smart inverters could help address these localized challenges and grow the system's flexibility. Smart inverters allow two-way communication with utility control centers. In addition, advanced capabilities such as voltage and frequency sensors allow smart inverters to detect grid abnormalities and send feedback to utility operators. The necessity of a smart solar inverters has been increasing day by day. Smart inverters technology provides some advantages to residential, commercial, and utility-scale solar, which includes high redundancy through a distributed alternating current (AC) architecture that reduces system cost and improves operations and maintenance. Smart inverters function as the brain of the photovoltaics (PV) system, which are responsible for monitoring, communications, smart energy management, grid interaction, storage, and safety. Further, Delta's smart solar inverters solutions enable smart and cost-effective designs for industrial and small utility-scale PV power plants by maximizing energy yields even in challenging landscapes and locations. The smart inverters will have more direct current (DC) overloading options, flexible maximum power point tracking (MPPT) channels, fuse-less or in-line fuse options, and wireless communication systems. Thus, smart inverters technology in the solar inverters category will create future opportunities for the MEA solar inverters market players. The Middle East & Africa solar inverters market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Solar Inverters Market Segmentation
The Middle East & Africa solar inverters market is segmented into type, system type, end user, and country. Based on type, the market is segmented into central, string, and micro. The central segment would lead the Middle East & Africa solar inverters market in 2022. Based on system type, the market is bifurcated into on-grid and off-grid. The on-grid segment would dominate the Middle East & Africa solar inverters market in 2022. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment would lead the Middle East & Africa solar inverters market in 2022.By country, the Middle East & Africa solar inverters market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. The UAE would lead the Middle East & Africa solar inverters market in 2022.
FIMER S.a.p, Delta Electronics, Enertechups, GOODWE, Sineng Electric, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in The Middle East & Africa solar inverters market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa Solar Inverters market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa Solar Inverters market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the solar inverters market as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution"
The Middle East & Africa solar inverters market is expected to reach US$ 615.37 million by 2028 from US$ 404.46 million in 2022; it is estimated to grow at a CAGR of 7.2% from 2022 to 2028.
Due to the high penetration level of distributed energy resources (DER), the grid poses many complex challenges to the functioning of inverters. As a solution for these common problems, smart inverters come into play by solving most of the problems of the traditional system. Since smart inverters work autonomously, they have a positive impact on the implemented residential sector as well as the national power grid. Due to the stress, the traditional grid requires constant maintenance, but smart inverters could help address these localized challenges and grow the system's flexibility. Smart inverters allow two-way communication with utility control centers. In addition, advanced capabilities such as voltage and frequency sensors allow smart inverters to detect grid abnormalities and send feedback to utility operators. The necessity of a smart solar inverters has been increasing day by day. Smart inverters technology provides some advantages to residential, commercial, and utility-scale solar, which includes high redundancy through a distributed alternating current (AC) architecture that reduces system cost and improves operations and maintenance. Smart inverters function as the brain of the photovoltaics (PV) system, which are responsible for monitoring, communications, smart energy management, grid interaction, storage, and safety. Further, Delta's smart solar inverters solutions enable smart and cost-effective designs for industrial and small utility-scale PV power plants by maximizing energy yields even in challenging landscapes and locations. The smart inverters will have more direct current (DC) overloading options, flexible maximum power point tracking (MPPT) channels, fuse-less or in-line fuse options, and wireless communication systems. Thus, smart inverters technology in the solar inverters category will create future opportunities for the MEA solar inverters market players. The Middle East & Africa solar inverters market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Solar Inverters Market Segmentation
The Middle East & Africa solar inverters market is segmented into type, system type, end user, and country. Based on type, the market is segmented into central, string, and micro. The central segment would lead the Middle East & Africa solar inverters market in 2022. Based on system type, the market is bifurcated into on-grid and off-grid. The on-grid segment would dominate the Middle East & Africa solar inverters market in 2022. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment would lead the Middle East & Africa solar inverters market in 2022.By country, the Middle East & Africa solar inverters market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. The UAE would lead the Middle East & Africa solar inverters market in 2022.
FIMER S.a.p, Delta Electronics, Enertechups, GOODWE, Sineng Electric, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in The Middle East & Africa solar inverters market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa Solar Inverters market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa Solar Inverters market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the solar inverters market as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution"
Table of Contents
115 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. MEA Solar Inverters Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 MEA
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. MEA Solar Inverters Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Number of Solar Installations attributed to Government-led Incentives and Schemes
- 5.1.2 Growing Residential Solar Rooftop Installations
- 5.2 Market Restraints
- 5.2.1 Safety Risks Associated with High DC Voltages in Solar Inverters
- 5.3 Market Opportunities
- 5.3.1 Increasing Investments in Renewable Energy Sector
- 5.4 Future Trends
- 5.4.1 Technological Innovations in Solar Inverters
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Solar inverters – MEA Market Analysis
- 6.1 MEA Solar Inverters Market Revenue Forecast and Analysis
- 7. MEA Solar Inverters Market Analysis – By Type
- 7.1 Overview
- 7.2 MEA Solar Inverters Market Breakdown, By Type, 2021 and 2028
- 7.3 Central
- 7.3.1 Overview
- 7.3.2 Central: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 String
- 7.4.1 Overview
- 7.4.2 String: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 7.5 Micro
- 7.5.1 Overview
- 7.5.2 Micro: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 8. MEA Solar Inverters Market Analysis – By System Type
- 8.1 Overview
- 8.2 MEA Solar Inverters Market Breakdown, By System Type, 2021 and 2028
- 8.3 On-Grid
- 8.3.1 Overview
- 8.3.2 On-Grid: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 Off-Grid
- 8.4.1 Overview
- 8.4.2 Off-Grid: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 9. MEA Solar Inverters Market Analysis – By End User
- 9.1 Overview
- 9.2 MEA Solar Inverters Market Breakdown, By End User, 2021 and 2028
- 9.3 Residential
- 9.3.1 Overview
- 9.3.2 Residential: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 Commercial
- 9.4.1 Overview
- 9.4.2 Commercial: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 9.5 Utility
- 9.5.1 Overview
- 9.5.2 Utility: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 10. MEA Solar Inverters Market – Country Analysis
- 10.1 MEA: Solar Inverters Market
- 10.1.1 Overview
- 10.1.2 MEA Solar Inverters Market Breakdown, By Country
- 10.1.3 MEA Solar Inverters Market Breakdown, By Country
- 10.1.3.1 South Africa Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
- 10.1.3.1.1 South Africa MEA Solar Inverters Market Breakdown, By Type
- 10.1.3.1.2 South Africa MEA Solar Inverters Market Breakdown, By System Type
- 10.1.3.1.3 South Africa MEA Solar Inverters Market Breakdown, By End User
- 10.1.3.2 Saudi Arabia Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
- 10.1.3.2.1 Saudi Arabia MEA Solar Inverters Market Breakdown, By Type
- 10.1.3.2.2 Saudi Arabia MEA Solar Inverters Market Breakdown, By System Type
- 10.1.3.2.3 Saudi Arabia MEA Solar Inverters Market Breakdown, By End User
- 10.1.3.3 UAE Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
- 10.1.3.3.1 UAE MEA Solar Inverters Market Breakdown, By Type
- 10.1.3.3.2 UAE MEA Solar Inverters Market Breakdown, By System Type
- 10.1.3.3.3 UAE MEA Solar Inverters Market Breakdown, By End User
- 10.1.3.4 Rest of MEA Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
- 10.1.3.4.1 Rest of MEA MEA Solar Inverters Market Breakdown, By Type
- 10.1.3.4.2 Rest of MEA MEA Solar Inverters Market Breakdown, By System Type
- 10.1.3.4.3 Rest of MEA MEA Solar Inverters Market Breakdown, By End User
- 11. Industry Landscape
- 11.1 Market Initiative
- 11.2 Merger and Acquisition
- 11.3 New Development
- 12. Company Profiles
- 12.1 FIMER S.p.A.
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Delta Electronics, Inc.
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Enertechups
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 GOODWE
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Sineng Electric
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 SMA Solar Technology AG
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 SolarEdge Technologies Inc.
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Hitachi Hi-Rel Power Electronics Pvt Ltd.
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index
- LIST OF TABLES
- Table 1. MEA Solar Inverters Market Revenue Forecast and Forecast to 2028 (US$ Million)
- Table 2. MEA Solar Inverters Market, Revenue and Forecast to 2028 – By Country (US$ million)
- Table 3. South Africa Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 4. South Africa Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 5. South Africa Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 6. Saudi Arabia Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 7. Saudi Arabia Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 8. Saudi Arabia Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 9. UAE Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 10. UAE Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 11. UAE Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 12. Rest of MEA Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 13. Rest of MEA Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 14. Rest of MEA Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 15. List of Abbreviation
- LIST OF FIGURES
- Figure 1. MEA Solar Inverters Market Segmentation
- Figure 2. MEA Solar Inverters Market Segmentation – By Country
- Figure 3. MEA Solar Inverters Market Overview
- Figure 4. MEA Solar Inverters Market, by Type
- Figure 5. MEA Solar Inverters Market, by System Type
- Figure 6. MEA Solar Inverters Market, by End User
- Figure 7. MEA Solar Inverters Market, by Country
- Figure 8. MEA: PEST Analysis
- Figure 9. MEA Solar inverters Market- Ecosystem Analysis
- Figure 10. MEA Expert Opinion
- Figure 11. MEA Solar Inverters Market: Impact Analysis of Drivers and Restraints
- Figure 12. MEA Solar Inverters Market Revenue Forecast and Analysis (US$ Million)
- Figure 13. MEA Solar Inverters Market Revenue Share, By Type (2021 and 2028)
- Figure 14. Central: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. String: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Micro: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. MEA Solar Inverters Market Revenue Share, By System Type (2021 and 2028)
- Figure 18. MEA On-Grid: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. MEA Off-Grid: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. MEA Solar Inverters Market Revenue Share, By End User (2021 and 2028)
- Figure 21. Residential: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Commercial: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Utility: MEA Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 24. MEA Solar Inverters Market Breakdown, By Country, 2021 & 2028 (%)
- Figure 25. MEA Solar Inverters Market Breakdown, By Country, 2021 & 2028 (%)
- Figure 26. South Africa Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
- Figure 27. Saudi Arabia Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
- Figure 28. UAE Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
- Figure 29. Rest of MEA Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
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