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Market Research Report
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1045590

Global PV Inverter Market Size study, By Type (Solar, Non-Solar), by Sales (Direct, Indirect), By End-Use (PV Plants, Residential, Commercial, Automotive) and Regional Forecasts 2021-2027

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global PV Inverter Market Size study, By Type (Solar, Non-Solar), by Sales (Direct, Indirect), By End-Use (PV Plants, Residential, Commercial, Automotive) and Regional Forecasts 2021-2027
Published: January 5, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
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  • Table of Contents
Description

Global PV Inverter Market is valued at approximately USD 8.82 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.00% over the forecast period 2021-2027. A PV inverter is an inverter in which the conversion of light into electricity takes place using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. Stringent government regulations to curtail usage of conventional fuels, increasing investments toward the installation of solar PV farms has led to the adoption of PV Inverters across the forecast period. For Instance: According to Bloomberg in 2019, Europe invested over USD 75 billion across the sustainable energy sector out of which over 30% of total investment was bagged by solar energy sector. Also, with the ongoing technological advancements, the adoption & demand for PV Inverters is likely to increase the market growth during the forecast period. However, strain caused by Inverters on Batteries impedes the growth of the market over the forecast period of 2021-2027.

Global PV Inverter market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is among the fastest-developing regions for rental power solutions. favorable government policies and the provision of subsidies. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as growing number of solar installations in developing nations would create profitable growth prospects for the PV inverter market across Asia-Pacific region.

Major market players included in this report are:

Hitachi Hi-Rel Power Electronics Pvt. Ltd.

ABB;

SMA Solar Technology

SunPower;

Delta Electronics, Inc.;

Siemens Energy;

OMRON Corp.;

Eaton

Emerson Electric Co.;

Power Electronics S.L.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Application within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Rental type offerings of key players. The detailed segments and sub-segment of the market are explained below:

By type:

Solar

Non-Solar

By Sales:

Direct

Indirect

By End-Use:

PV Plants

Residential

Commercial

Automotive

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027

Target Audience of the Global PV inverter Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. Global PV Inverter Market, by Region, 2019-2027 (USD Billion)
    • 1.2.2. Global PV Inverter Market, by Type, 2019-2027 (USD Billion)
    • 1.2.3. Global PV Inverter Market, by Sales, 2019-2027 (USD Billion)
    • 1.2.4. Global PV Inverter Market, by End-Use, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global PV Inverter Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. End Use Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global PV Inverter Market Dynamics

  • 3.1. Global PV Inverter Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Stringent government regulations to curtail usage of conventional fuels
      • 3.1.1.2. Increasing investments toward installation of solar PV farms
    • 3.1.2. Market Challenges
      • 3.1.2.1. Strain Caused by Inverters on Batteries
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Ongoing technological advancements

Chapter 4. Global PV Inverter Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion
  • 4.5. Top investment opportunity
  • 4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

    • 5.1.1. Assessment of the overall impact of COVID-19 on the End Use
    • 5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global PV Inverter Market, by Type

  • 6.1. Market Snapshot
  • 6.2. Global PV Inverter Market by Type, Performance - Potential Analysis
  • 6.3. Global PV Inverter Market Estimates & Forecasts by Type, 2018-2027 (USD Billion)
  • 6.4. Global PV Inverter Market, Sub Segment Analysis
    • 6.4.1. Solar
    • 6.4.2. Non- Solar

Chapter 7. Global PV Inverter Market, by Sales

  • 7.1. Market Snapshot
  • 7.2. Global PV Inverter Market by Sales, Performance - Potential Analysis
  • 7.3. Global PV Inverter Market Estimates & Forecasts by Sales, 2018-2027 (USD Billion)
  • 7.4. Global PV Inverter Market, Sub Segment Analysis
    • 7.4.1. Direct
    • 7.4.2. Indirect

Chapter 8. Global PV Inverter Market, by End-Use

  • 8.1. Market Snapshot
  • 8.2. Global PV Inverter Market by End-Use, Performance - Potential Analysis
  • 8.3. Global PV Inverter Market Estimates & Forecasts by End-Use, 2018-2027 (USD Billion)
  • 8.4. Global PV Inverter Market, Sub Segment Analysis
    • 8.4.1. PV Plants
    • 8.4.2. Residential
    • 8.4.3. Commercial
    • 8.4.4. Automotive

Chapter 9. Global PV Inverter Market, Regional Analysis

  • 9.1. PV Inverter Market, Regional Market Snapshot
  • 9.2. North America PV Inverter Market
    • 9.2.1. U.S. PV Inverter Market
      • 9.2.1.1. Type breakdown estimates & forecasts, 2018-2027
      • 9.2.1.2. Sales breakdown estimates & forecasts, 2018-2027
      • 9.2.1.3. End-Use breakdown estimates & forecasts, 2018-2027
    • 9.2.2. Canada PV Inverter Market
  • 9.3. Europe PV Inverter Market Snapshot
    • 9.3.1. U.K. PV Inverter Market
    • 9.3.2. Germany PV Inverter Market
    • 9.3.3. France PV Inverter Market
    • 9.3.4. Spain PV Inverter Market
    • 9.3.5. Italy PV Inverter Market
    • 9.3.6. Rest of Europe PV Inverter Market
  • 9.4. Asia-Pacific PV Inverter Market Snapshot
    • 9.4.1. China PV Inverter Market
    • 9.4.2. India PV Inverter Market
    • 9.4.3. Japan PV Inverter Market
    • 9.4.4. Australia PV Inverter Market
    • 9.4.5. South Korea PV Inverter Market
    • 9.4.6. Rest of Asia Pacific PV Inverter Market
  • 9.5. Latin America PV Inverter Market Snapshot
    • 9.5.1. Brazil PV Inverter Market
    • 9.5.2. Mexico PV Inverter Market
  • 9.6. Rest of The World PV Inverter Market

Chapter 10. Competitive Intelligence

  • 10.1. Top Market Strategies
  • 10.2. Company Profiles
    • 10.2.1. Hitachi Hi-Rel Power Electronics Pvt. Ltd.
      • 10.2.1.1. Key Information
      • 10.2.1.2. Overview
      • 10.2.1.3. Financial (Subject to Data Availability)
      • 10.2.1.4. type Summary
      • 10.2.1.5. Recent developments
    • 10.2.2. ABB
    • 10.2.3. SMA Solar Technology
    • 10.2.4. SunPower
    • 10.2.5. Delta Electronics, Inc.
    • 10.2.6. Siemens Energy
    • 10.2.7. OMRON Corp.
    • 10.2.8. Eaton
    • 10.2.9. Emerson Electric Co.
    • 10.2.10. Power Electronics S.L.

Chapter 11. Research Process

  • 11.1. Research Process
    • 11.1.1. Data Mining
    • 11.1.2. Analysis
    • 11.1.3. Market Estimation
    • 11.1.4. Validation
    • 11.1.5. Publishing
  • 11.2. Research Attributes
  • 11.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global PV Inverter Market, report scope
  • TABLE 2. Global PV Inverter Market estimates & forecasts by region 2018-2027 (USD Billion)
  • TABLE 3. Global PV Inverter Market estimates & forecasts by Type 2018-2027 (USD Billion)
  • TABLE 4. Global PV Inverter Market estimates & forecasts by Sales 2018-2027 (USD Billion)
  • TABLE 5. Global PV Inverter Market estimates & forecasts by End-Use 2018-2027 (USD Billion)
  • TABLE 6. Global PV Inverter Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. Global PV Inverter Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global PV Inverter Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global PV Inverter Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global PV Inverter Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global PV Inverter Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global PV Inverter Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global PV Inverter Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global PV Inverter Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. Global PV Inverter Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. U.S. PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 17. U.S. PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 18. U.S. PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 19. Canada PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 20. Canada PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 21. Canada PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 22. UK PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 23. UK PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 24. UK PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 25. Germany PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 26. Germany PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 27. Germany PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 28. RoE PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 29. RoE PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 30. RoE PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 31. China PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 32. China PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 33. China PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 34. India PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 35. India PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 36. India PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 37. Japan PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 38. Japan PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 39. Japan PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 40. RoAPAC PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 41. RoAPAC PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 42. RoAPAC PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 43. Brazil PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 44. Brazil PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 45. Brazil PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 46. Mexico PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 47. Mexico PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 48. Mexico PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 49. RoLA PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 50. RoLA PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 51. RoLA PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 52. Row PV Inverter Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 53. Row PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 54. Row PV Inverter Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 55. List of secondary sources, used in the study of Global PV Inverter Market
  • TABLE 56. List of primary sources, used in the study of Global PV Inverter Market
  • TABLE 57. Years considered for the study
  • TABLE 58. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global PV Inverter Market, research methodology
  • FIG 2. Global PV Inverter Market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global PV Inverter Market, key trends 2020
  • FIG 5. Global PV Inverter Market, growth prospects 2021-2027
  • FIG 6. Global PV Inverter Market, porters 5 force model
  • FIG 7. Global PV Inverter Market, pest analysis
  • FIG 8. Global PV Inverter Market, value chain analysis
  • FIG 9. Global PV Inverter Market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global PV Inverter Market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global PV Inverter Market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global PV Inverter Market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global PV Inverter Market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global PV Inverter Market, regional snapshot 2018 & 2027
  • FIG 15. North America PV Inverter Market 2018 & 2027 (USD Billion)
  • FIG 16. Europe PV Inverter Market 2018 & 2027 (USD Billion)
  • FIG 17. Asia pacific PV Inverter Market 2018 & 2027 (USD Billion)
  • FIG 18. Latin America PV Inverter Market 2018 & 2027 (USD Billion)
  • FIG 19. Global PV Inverter Market, company market share analysis (2020)