PUBLISHER: TechNavio | PRODUCT CODE: 2144639
PUBLISHER: TechNavio | PRODUCT CODE: 2144639
Global Photovoltaic (PV) Inverter Market 2021-2025
The global photovoltaic (PV) inverter market is forecasted to grow by USD 4671.6 mn during 2020-2030, accelerating at a CAGR of 7.0% during the forecast period. The report on the global photovoltaic (PV) 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing integration of energy storage systems, stringent government regulations and renewable energy mandates, advancements in grid forming and smart inverter technologies.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2021-2030 |
| Growth Momentum | Accelerate |
| YOY 2021 | 6.7% |
| CAGR | 7% |
| Incremental Value | $4671.6 mn |
Technavio's global photovoltaic (PV) inverter market is segmented as below:
By Product
- String
- Central
- Micro
By Type
- On-grid
- Off-grid
By Product Type
- Three-phase
- Single-phase
Geography
- APAC
- China
- India
- Japan
- Australia
- South Korea
- Indonesia
- Europe
- Germany
- Spain
- Italy
- The Netherlands
- France
- UK
- North America
- US
- Canada
- Mexico
- Middle East and Africa
- UAE
- Turkey
- South Africa
- South America
- Brazil
- Chile
- Argentina
- Rest of World (ROW)
This study identifies the shift toward higher voltage system architectures in utility scale projects as one of the prime reasons driving the global photovoltaic (PV) inverter market growth during the next few years. Also, increasing prominence of modular and scalable inverter configurations and enhanced focus on cybersecurity protocols and communication integrity will lead to sizable demand in the market.
The report on the global photovoltaic (PV) inverter market covers the following areas:
- Global photovoltaic (PV) inverter market sizing
- Global photovoltaic (PV) inverter market forecast
- Global photovoltaic (PV) inverter market industry analysis
The 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 global photovoltaic (PV) inverter market vendors that include CHINT Power Systems Co. Ltd., Delta Electronics Inc., Enphase Energy Inc., Fimer SpA, FOXESS CO. LTD., Fronius International GmbH, GoodWe Technologies Co. Ltd., Growatt New Energy, Hoymiles Power Electronics Inc., Huawei Technologies Co. Ltd., Ingeteam Corp. SA, Kstar Group, SAJ Electric, Shenzhen Hopewind Electric, Sineng Electric Co. Ltd., SMA Solar Technology AG, SOFAR Solar, SolarEdge Technologies Inc., SolaX Power Network Technology, Solis, Sungrow Power Supply Co. Ltd., TMEIC Corp.. Also, the global photovoltaic (PV) 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 publisher 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 primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2020
- 4.4 Market outlook: Forecast for 2020-2030
5 Historic Market Size
- 5.1 Global Photovoltaic (PV) Inverter Market 2020 - 2024
- Historic Market Size - Data Table on Global Photovoltaic (PV) Inverter Market 2020 - 2024 ($ million)
- 5.2 Product segment analysis 2020 - 2024
- Historic Market Size - Product Segment 2020 - 2024 ($ million)
- 5.3 Type segment analysis 2020 - 2024
- Historic Market Size - Type Segment 2020 - 2024 ($ million)
- 5.4 Product Type segment analysis 2020 - 2024
- Historic Market Size - Product Type Segment 2020 - 2024 ($ million)
- 5.5 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.6 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on global photovoltaic (PV) inverter market
- 6.2 Impact of geopolitical conflicts on global photovoltaic (PV) inverter market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2020 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2020 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2020 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2020 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2020 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2020 and 2030
- 7.7 Market condition
8 Market Segmentation by Product
- 8.1 Market segments
- 8.2 Comparison by Product
- 8.3 String - Market size and forecast 2020-2030
- 8.4 Central - Market size and forecast 2020-2030
- 8.5 Micro - Market size and forecast 2020-2030
- 8.6 Market opportunity by Product
- Market opportunity by Product ($ million)
9 Market Segmentation by Type
- 9.1 Market segments
- 9.2 Comparison by Type
- 9.3 On-grid - Market size and forecast 2020-2030
- 9.4 Off-grid - Market size and forecast 2020-2030
- 9.5 Market opportunity by Type
- Market opportunity by Type ($ million)
10 Market Segmentation by Product Type
- 10.1 Market segments
- 10.2 Comparison by Product Type
- 10.3 Three-phase - Market size and forecast 2020-2030
- 10.4 Single-phase - Market size and forecast 2020-2030
- 10.5 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 APAC - Market size and forecast 2020-2030
- 12.3.1 China - Market size and forecast 2020-2030
- 12.3.2 India - Market size and forecast 2020-2030
- 12.3.3 Japan - Market size and forecast 2020-2030
- 12.3.4 Australia - Market size and forecast 2020-2030
- 12.3.5 South Korea - Market size and forecast 2020-2030
- 12.3.6 Indonesia - Market size and forecast 2020-2030
- 12.4 Europe - Market size and forecast 2020-2030
- 12.4.1 Germany - Market size and forecast 2020-2030
- 12.4.2 Spain - Market size and forecast 2020-2030
- 12.4.3 Italy - Market size and forecast 2020-2030
- 12.4.4 The Netherlands - Market size and forecast 2020-2030
- 12.4.5 France - Market size and forecast 2020-2030
- 12.4.6 UK - Market size and forecast 2020-2030
- 12.5 North America - Market size and forecast 2020-2030
- 12.5.1 US - Market size and forecast 2020-2030
- 12.5.2 Canada - Market size and forecast 2020-2030
- 12.5.3 Mexico - Market size and forecast 2020-2030
- 12.6 Middle East and Africa - Market size and forecast 2020-2030
- 12.6.1 Saudi Arabia - Market size and forecast 2020-2030
- 12.6.2 UAE - Market size and forecast 2020-2030
- 12.6.3 Turkey - Market size and forecast 2020-2030
- 12.6.4 South Africa - Market size and forecast 2020-2030
- 12.6.5 Israel - Market size and forecast 2020-2030
- 12.7 South America - Market size and forecast 2020-2030
- 12.7.1 Brazil - Market size and forecast 2020-2030
- 12.7.2 Chile - Market size and forecast 2020-2030
- 12.7.3 Argentina - Market size and forecast 2020-2030
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Increasing integration of energy storage systems
- Stringent government regulations and renewable energy mandates
- Advancements in grid forming and smart inverter technologies
- 13.2 Market challenges
- Supply chain vulnerabilities and raw material price volatility
- Thermal management and harsh environmental degradation
- Interoperability and standardization hurdles across diverse regional grids
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2020 and 2030
- 13.4 Market opportunities
- Shift toward higher voltage system architectures in utility scale projects
- Increasing prominence of modular and scalable inverter configurations
- Enhanced focus on cybersecurity protocols and communication integrity
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- Companies covered
- 15.2 Company ranking index
- Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 CHINT Power Systems Co. Ltd.
- CHINT Power Systems Co. Ltd. - Overview
- CHINT Power Systems Co. Ltd. - Product / Service
- CHINT Power Systems Co. Ltd. - Key offerings
- SWOT
- 15.5 Delta Electronics Inc.
- Delta Electronics Inc. - Overview
- Delta Electronics Inc. - Business segments
- Delta Electronics Inc. - Key offerings
- Delta Electronics Inc. - Segment focus
- SWOT
- 15.6 Enphase Energy Inc.
- Enphase Energy Inc. - Overview
- Enphase Energy Inc. - Product / Service
- Enphase Energy Inc. - Key news
- Enphase Energy Inc. - Key offerings
- SWOT
- 15.7 Fimer SpA
- Fimer SpA - Overview
- Fimer SpA - Product / Service
- Fimer SpA - Key offerings
- SWOT
- 15.8 FOXESS CO. LTD.
- FOXESS CO. LTD. - Overview
- FOXESS CO. LTD. - Product / Service
- FOXESS CO. LTD. - Key offerings
- SWOT
- 15.9 Fronius International GmbH
- Fronius International GmbH - Overview
- Fronius International GmbH - Product / Service
- Fronius International GmbH - Key offerings
- SWOT
- 15.10 GoodWe Technologies Co. Ltd.
- GoodWe Technologies Co. Ltd. - Overview
- GoodWe Technologies Co. Ltd. - Product / Service
- GoodWe Technologies Co. Ltd. - Key offerings
- SWOT
- 15.11 Growatt New Energy
- Growatt New Energy - Overview
- Growatt New Energy - Product / Service
- Growatt New Energy - Key offerings
- SWOT
- 15.12 Hoymiles Power Electronics Inc.
- Hoymiles Power Electronics Inc. - Overview
- Hoymiles Power Electronics Inc. - Product / Service
- Hoymiles Power Electronics Inc. - Key offerings
- SWOT
- 15.13 Huawei Technologies Co. Ltd.
- Huawei Technologies Co. Ltd. - Overview
- Huawei Technologies Co. Ltd. - Product / Service
- Huawei Technologies Co. Ltd. - Key offerings
- SWOT
- 15.14 Kstar Group
- Kstar Group - Overview
- Kstar Group - Product / Service
- Kstar Group - Key offerings
- SWOT
- 15.15 SAJ Electric
- SAJ Electric - Overview
- SAJ Electric - Product / Service
- SAJ Electric - Key offerings
- SWOT
- 15.16 Shenzhen Hopewind Electric
- Shenzhen Hopewind Electric - Overview
- Shenzhen Hopewind Electric - Product / Service
- Shenzhen Hopewind Electric - Key offerings
- SWOT
- 15.17 SOFAR Solar
- SOFAR Solar - Overview
- SOFAR Solar - Product / Service
- SOFAR Solar - Key offerings
- SWOT
- 15.18 Sungrow Power Supply Co. Ltd.
- Sungrow Power Supply Co. Ltd. - Overview
- Sungrow Power Supply Co. Ltd. - Product / Service
- Sungrow Power Supply Co. Ltd. - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- Research methodology
- 16.5 Data procurement
- Information sources
- 16.6 Data validation
- Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
- List of abbreviations
