Photovoltaic Inverter Market
Photovoltaic Inverter Market Global Industry Assessment & Forecast
Segments Covered
- By Product Standalone, On-Grid
- By Application Residential, Commercial, Industrial
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 8.4 Billion |
Revenue 2028: | 12.99 Billion |
Revenue CAGR (2021 - 2028): | 5.60% |
Fastest Growing Region (2022 - 2028) | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Sr. No. | Offering | Report Coverage |
1. | Market Size | In terms of Revenue (USD Million) |
2. | Historic Data | 2015 to 2019 |
3. | Forecast Data | 2021 to 2028 |
4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
5. | Market Attractiveness Analysis | Yes |
6. | Segment Analysis | Maximum Segments |
7. | Regional Coverage | 5 Regions |
8. | Country Coverage | Top 22 Countries |
9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
10. | Porter’s Five Forces Analysis | Yes. |
11. | Value Chain Analysis | Yes |
12. | PEST Analysis | Yes |
13. | Regulatory Landscape | Yes |
14. | Technology Landscape | Yes |
15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
16. | Top startups to watch out for | Yes |
17. | Top 3 Trends to Watch | Yes |
18. | Top 3 Strategies Followed by Major Players | Yes |
19. | Top 3 Predictions by Vantage Market Research | Yes |
20. | Discussion Guide | Yes |
21. | Key Primary Respondents - VERBATIM | Yes |
22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
23. | Others/Miscellaneous |
FAQ
Frequently Asked Question
What is the global demand for Photovoltaic Inverter in terms of revenue?
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The global Photovoltaic Inverter valued at 8.4 Billion in 2020 and is expected to reach 12.99 Billion in 2028 growing at a CAGR of 5.60%%.
Which are the prominent players in the market?
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The prominent players in the market are SMA, Danfoss, TMEIC, Omron, AE, ABB, Sungrow Power Supply Co. Ltd., SolarEage, Enphase, Huawei, Tebian Electric Apparatus Stock Co. Ltd. (TBEA)..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 5.60%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Photovoltaic Inverter include
- Increasing demand for renewable energy due to high power consumption, coupled with growing demand for carbon reduction is propelling the market growth.
- Reduction in renewable power generation costs to spread the rapid adoption of renewable energy sources is creating a new scope for market growth.
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Photovoltaic Inverter in 2020.