South America 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
South America 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 South America solar inverters market is expected to reach US$ 766.27 million by 2028 from US$ 532.47 million in 2022; it is estimated to grow at a CAGR of 6.3% 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 photovoltaic (PV) systems, 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. 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 South America solar inverters market players. The South America solar inverters market is expected to grow at a good CAGR during the forecast period.
South America Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
South America Solar Inverters Market Segmentation
The South America 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 South America 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 South America solar inverters market in 2022. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment would lead the South America solar inverters market in 2022. By country, the South America solar inverters market is segmented into Brazil, Argentina, and the Rest of South America. Brazil would dominate the South America solar inverters market in 2022.
FIMER S.a.p, Delta Electronics; Enertechups; GOODWE, Power Electronics S.L, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in the South America 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 South America 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 the South America 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 South America 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 South America solar inverters market is expected to reach US$ 766.27 million by 2028 from US$ 532.47 million in 2022; it is estimated to grow at a CAGR of 6.3% 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 photovoltaic (PV) systems, 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. 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 South America solar inverters market players. The South America solar inverters market is expected to grow at a good CAGR during the forecast period.
South America Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
South America Solar Inverters Market Segmentation
The South America 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 South America 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 South America solar inverters market in 2022. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment would lead the South America solar inverters market in 2022. By country, the South America solar inverters market is segmented into Brazil, Argentina, and the Rest of South America. Brazil would dominate the South America solar inverters market in 2022.
FIMER S.a.p, Delta Electronics; Enertechups; GOODWE, Power Electronics S.L, SMA Solar Technology AG, SolarEdge Technologies, and Hitachi Hi-Rel Power Electronic Pvt. Ltd are among the leading companies in the South America 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 South America 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 the South America 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 South America 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
106 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. SAM Solar Inverters Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 SAM
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. SAM 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 – SAM Market Analysis
- 6.1 SAM Solar Inverters Market Revenue Forecast and Analysis
- 7. SAM Solar Inverters Market Analysis – By Type
- 7.1 Overview
- 7.2 SAM Solar Inverters Market Breakdown, By Type, 2021 and 2028
- 7.3 Central
- 7.3.1 Overview
- 7.3.2 Central: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 String
- 7.4.1 Overview
- 7.4.2 String: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 7.5 Micro
- 7.5.1 Overview
- 7.5.2 Micro: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 8. SAM Solar Inverters Market Analysis – By System Type
- 8.1 Overview
- 8.2 SAM Solar Inverters Market Breakdown, By System Type, 2021 and 2028
- 8.3 On-Grid
- 8.3.1 Overview
- 8.3.2 On-Grid: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 Off-Grid
- 8.4.1 Overview
- 8.4.2 Off-Grid: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 9. SAM Solar Inverters Market Analysis – By End User
- 9.1 Overview
- 9.2 SAM Solar Inverters Market Breakdown, By End User, 2021 and 2028
- 9.3 Residential
- 9.3.1 Overview
- 9.3.2 Residential: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 Commercial
- 9.4.1 Overview
- 9.4.2 Commercial: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 9.5 Utility
- 9.5.1 Overview
- 9.5.2 Utility: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- 10. SAM Solar Inverters Market – Country Analysis
- 10.1 SAM: Solar Inverters Market
- 10.1.1 Overview
- 10.1.2 SAM Solar Inverters Market Breakdown, By Country
- 10.1.3 SAM Solar Inverters Market Breakdown, By Country
- 10.1.3.1 Brazil Solar Inverters Market, Revenue and Forecast to 2028
- 10.1.3.1.1 Brazil SAM Solar Inverters Market Breakdown, By Type
- 10.1.3.1.2 Brazil SAM Solar Inverters Market Breakdown, By System Type
- 10.1.3.1.3 Brazil SAM Solar Inverters Market Breakdown, By End User
- 10.1.3.2 Argentina Solar Inverters Market, Revenue and Forecast to 2028
- 10.1.3.2.1 Argentina SAM Solar Inverters Market Breakdown, By Type
- 10.1.3.2.2 Argentina SAM Solar Inverters Market Breakdown, By System Type
- 10.1.3.2.3 Argentina SAM Solar Inverters Market Breakdown, By End User
- 10.1.3.3 Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028
- 10.1.3.3.1 Rest of SAM Solar Inverters Market Breakdown, By Type
- 10.1.3.3.2 Rest of SAM Solar Inverters Market Breakdown, By System Type
- 10.1.3.3.3 Rest of SAM 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 GOODWE
- 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 Sineng Electric
- 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 SMA Solar Technology AG
- 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 SolarEdge Technologies Inc.
- 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 Hitachi Hi-Rel Power Electronics Pvt Ltd.
- 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
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index
- LIST OF TABLES
- Table 1. SAM Solar Inverters Market, Revenue and Forecast To 2028 – By Country (US$ million)
- Table 2. Brazil Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 3. Brazil Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 4. Brazil Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 5. Argentina Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 6. Argentina Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 7. Argentina Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 8. Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 – By Type (US$ million)
- Table 9. Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 – By System Type (US$ million)
- Table 10. Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 – By End User (US$ million)
- Table 11. List of Abbreviation
- LIST OF FIGURES
- Figure 1. SAM Solar Inverters Market Segmentation
- Figure 2. SAM Solar Inverters Market Segmentation – By Country
- Figure 3. SAM Solar Inverters Market Overview
- Figure 4. SAM Solar Inverters Market, by Type
- Figure 5. SAM Solar Inverters Market, by System Type
- Figure 6. SAM Solar Inverters Market, by End User
- Figure 7. SAM Solar Inverters Market, by Country
- Figure 8. SAM: PEST Analysis
- Figure 9. SAM Solar inverters Market- Ecosystem Analysis
- Figure 10. SAM Expert Opinion
- Figure 11. SAM Solar Inverters Market: Impact Analysis of Drivers and Restraints
- Figure 12. SAM Solar Inverters Market Revenue Forecast and Analysis (US$ Million)
- Figure 13. SAM Solar Inverters Market Revenue Share, By Type (2021 and 2028)
- Figure 14. Central: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. String: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Micro: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. SAM Solar Inverters Market Revenue Share, By System Type (2021 and 2028)
- Figure 18. On-Grid: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Off-Grid: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. SAM Solar Inverters Market Revenue Share, By End User (2021 and 2028)
- Figure 21. Residential: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Commercial: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Utility: SAM Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
- Figure 24. SAM Solar Inverters Market Breakdown, By Country, 2021 & 2028 (%)
- Figure 25. SAM Solar Inverters Market Breakdown, By Country, 2021 & 2028 (%)
- Figure 26. Brazil Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
- Figure 27. Argentina Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
- Figure 28. Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
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