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Market Research Report

Global Solar Central Inverters Market 2019-2023

Published by TechNavio (Infiniti Research Ltd.) Product code 886905
Published Content info 118 Pages
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Global Solar Central Inverters Market 2019-2023
Published: July 8, 2019 Content info: 118 Pages
Description

About this market

Solar Central Inverters is a device that converts direct current (DC) generated from solar photovoltaic (PV) module into alternating current (AC). Technavio's solar central inverters market analysis considers sales from both utility and non-utility. Our analysis also considers the sales of solar central inverters in APAC, EMEA, and the Americas. In 2018, the utility segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for electricity along with government policies will play a significant role in the utility segment to maintain its market position. Also, our global solar central inverters market report looks at factors such as rising investment in renewables, rising demand for energy, favorable government support. However, uncertainties in competition from alternative sources of energy, intermittency in solar power generation, and inverter associated solar PV system failures may hamper the growth of the solar central inverters industry over the forecast period.

Overview

Rising demand for energy

The rapid urbanization and industrialization are the key factors driving the demand for energy across the globe. The development of technological solutions can accelerate the growth trajectory of electricity access. The use of fossil fuels such as coal and gas has increased the emissions of carbon dioxide in the atmosphere, for which there is a rising demand for clean energy sources. This demand for energy will lead to the expansion of the global solar central inverters market at a CAGR of almost 13% during the forecast period.

Inverter associated solar PV system failures

One of the persistent problems that occur in the solar energy industry is inverter failure. The repair and replacement of inverters have been a major concern in the solar PV systems maintenance All these maintenance problems encourage solar PV system installers to implement micro or string inverters, which results in the decline of the solar central inverters market.

For the detailed list of factors that will drive the global solar central inverters market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global solar central inverters market is moderately fragmented. Technavio's 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 solar central inverters manufacturers, that include ABB Ltd., Delta Electronics Inc., Ingeteam Corp. SA, SMA Solar Technology AG, and Sungrow Power Supply Co. Ltd.

Also, the solar central inverter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Table of Contents
Product Code: IRTNTR31658

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Utility - Market size and forecast 2018-2023
  • Non-utility - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Rise of smart inverters
  • Growing demand for clean energy technologies
  • Increased adoption of microgrids

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB Ltd.
  • Delta Electronics Inc.
  • Ingeteam Corp. SA
  • SMA Solar Technology AG
  • Sungrow Power Supply Co. Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

List of Exhibits

  • Exhibit 01: Global renewable energy market
  • Exhibit 02: Segments of global renewable energy market
  • Exhibit 03: Market characteristics
  • Exhibit 04: Market segments
  • Exhibit 05: Market definition - Inclusions and exclusions checklist
  • Exhibit 06: Product overview
  • Exhibit 07: Market size 2018
  • Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
  • Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
  • Exhibit 10: Five forces analysis 2018
  • Exhibit 11: Five forces analysis 2023
  • Exhibit 12: Bargaining power of buyers
  • Exhibit 13: Bargaining power of suppliers
  • Exhibit 14: Threat of new entrants
  • Exhibit 15: Threat of substitutes
  • Exhibit 16: Threat of rivalry
  • Exhibit 17: Market condition - Five forces 2018
  • Exhibit 18: Application - Market share 2018-2023 (%)
  • Exhibit 19: Comparison by application
  • Exhibit 20: Utility - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 21: Utility - Year-over-year growth 2019-2023 (%)
  • Exhibit 22: Non-utility - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 23: Non-utility - Year-over-year growth 2019-2023 (%)
  • Exhibit 24: Market opportunity by application
  • Exhibit 25: Customer landscape
  • Exhibit 26: Market share by geography 2018-2023 (%)
  • Exhibit 27: Geographic comparison
  • Exhibit 28: APAC - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 29: APAC - Year-over-year growth 2019-2023 (%)
  • Exhibit 30: EMEA - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 31: EMEA - Year-over-year growth 2019-2023 (%)
  • Exhibit 32: Americas - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 33: Americas - Year-over-year growth 2019-2023 (%)
  • Exhibit 34: Key leading countries
  • Exhibit 35: Market opportunity
  • Exhibit 36: Impact of drivers and challenges
  • Exhibit 37: Vendor landscape
  • Exhibit 38: Landscape disruption
  • Exhibit 39: Vendors covered
  • Exhibit 40: Vendor classification
  • Exhibit 41: Market positioning of vendors
  • Exhibit 42: ABB Ltd. - Vendor overview
  • Exhibit 43: ABB Ltd. - Business segments
  • Exhibit 44: ABB Ltd. - Organizational developments
  • Exhibit 45: ABB Ltd. - Geographic focus
  • Exhibit 46: ABB Ltd. - Segment focus
  • Exhibit 47: ABB Ltd. - Key offerings
  • Exhibit 48: Delta Electronics Inc. - Vendor overview
  • Exhibit 49: Delta Electronics Inc. - Business segments
  • Exhibit 50: Delta Electronics Inc. - Organizational developments
  • Exhibit 51: Delta Electronics Inc. - Geographic focus
  • Exhibit 52: Delta Electronics Inc. - Segment focus
  • Exhibit 53: Delta Electronics Inc. - Key offerings
  • Exhibit 54: Ingeteam Corp. SA - Vendor overview
  • Exhibit 55: Ingeteam Corp. SA - Key offerings
  • Exhibit 56: SMA Solar Technology AG - Vendor overview
  • Exhibit 57: SMA Solar Technology AG - Business segments
  • Exhibit 58: SMA Solar Technology AG - Organizational developments
  • Exhibit 59: SMA Solar Technology AG - Geographic focus
  • Exhibit 60: SMA Solar Technology AG - Segment focus
  • Exhibit 61: SMA Solar Technology AG - Key offerings
  • Exhibit 62: Sungrow Power Supply Co. Ltd. - Vendor overview
  • Exhibit 63: Sungrow Power Supply Co. Ltd. - Key offerings
  • Exhibit 64: Validation techniques employed for market sizing
  • Exhibit 65: Definition of market positioning of vendors
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