Solar Inverter Market Global Opportunity, Size, Growth, Technology and Trends – Canadian Solar, ABB Ltd, SunPower Corp, Delta Electronics, SolarEdge

The Solar Inverter market latest Brief 2022 is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period till 2030. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position.

Solar Inverter Market Overview

Solar Inverter Market share is projected to be worth USD 18.97 Billion by 2030, registering a CAGR of 5.78% during the forecast period (2022 – 2030). High cost of products on the other hand will challenge power generation sector based organizations functioning in the global solar inverter market. Analysts have split the market into technology, applications, and voltage segments based on products and services. Power generation based companies have been profiled.

Solar Inverter market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

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Globally Major key Players accelerates the Solar Inverter Market are, SMA Solar Technology AG (Germany), Canadian Solar Inc. (Canada), ABB Ltd (Switzerland), SunPower Corporation (US), Delta Electronics, Inc. (Taiwan), SolarEdge Technologies Inc. (Israel), Sineng Electric Co., Ltd. (China), Power Electronics (Spain), Solectria Renewables, LLC (US), and Hitachi Hi-Rel Power Electronics Pvt. Ltd (India)

Most important Segments of Solar Inverter market covered in this report are,

The power generation sector has seen growth across technology, applications, and voltage segments owing to the use of renewable energy sources for power generation and reliable, safe and green power. To study the market, analysts have further segmented technology, applications, and voltage into central inverter, micro inverter and string inverter on the basis of technology. The market is further segmented into system type sub segment which is split into on-grid and off-grid. Additionally, the solar inverter market on the basis of applications is segmented into residential, commercial, and utilities. The market is further segmented into voltage sub segment which is split into 0 to < 1000 v, 1000 – 1499 v, and more than 1500 v.

The segmental analysis presented in the report provides power generation field based organizations insights into key growth factors such as growing focus on renewable energy sources as well as challenges such as low awareness levels the market will face from 2020 to 2025. Opportunities in the residential applications and technological advancements are some of the key factors having an influence on power generation industry based companies, suggest analysts as per the solar inverter market report. But the report also identifies the increasing cost of raw materials and the concerns regarding efficiency as major threats companies in power generation will face till 2025.

Solar Inverter Industry Influence of the global market report:

• Comprehensive assessment of all opportunities and risks in the Solar Inverter Market.
• Solar Inverter Market recent innovations and major events.
• A detailed study of business strategies for the growth of the Solar Inverter Market market-leading players.
• Conclusive study about the growth plot of Solar Inverter Market for forthcoming years.
• In-depth understanding of Solar Inverter Market, market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the Solar Inverter Market.

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The global Solar Inverter market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.

Solar Inverter Market Regional Analysis

Power generation market based companies in the solar inverter market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The presence of many untapped opportunities across the market will be a key growth driver for regional markets. However, concerns regarding high initial costs involved in installment will turn out to be a threat. For the forecast period 2020 to 2025 each of these regional markets are studied in the report. Starting from North America, the regional market and power generation vertical based companies are spread across the United States, Canada, and Mexico. The growing demand for alternative solutions will turn out to be a major challenge from 2020 to 2025.

Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by growing investments across different sectors as well as the increasing disposable income, suggests the report. Similarly, the power generation sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the solar inverter market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2025.

LIST OF TABLES/TABLE OF CONTENT

TABLE 1 PRIMARY INTERVIEWS 23

TABLE 2 LIST OF ASSUMPTIONS 27

TABLE 3 GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 38

TABLE 4 CENTRAL INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 39

TABLE 5 CENTRAL INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY INTEGRATION, 2020–2027 (USD MILLION) 39

TABLE 6 MICRO INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY PHASE, 2020–2027 (USD MILLION) 40

TABLE 7 STRING INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY PHASE, 2020–2027 (USD MILLION) 40

TABLE 8 STRING INVERTER: GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY INTEGRATION, 2020–2027 (USD MILLION) 41

TABLE 9 GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2020–2027 (USD MILLION) 43

TABLE 10 GLOBAL SOLAR INVERTER: MARKET ESTIMATES & FORECAST, BY END-USE, 2020–2027 (USD MILLION) 46

TABLE 11 GLOBAL SOLAR INVERTER MARKET, BY REGION, 2020–2027 (USD MILLION) 49

TABLE 12 NORTH AMERICA: SOLAR INVERTER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 50

TABLE 13 NORTH AMERICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 50

TABLE 14 NORTH AMERICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY SYSTEM TYPE, 2020–2027 (USD MILLION) 51

TABLE 15 NORTH AMERICA: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY END-USE, 2020–2027 (USD MILLION) 51

TABLE 16 US: SOLAR INVERTER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 52

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