Solar Inverter Market
Solar Inverter Market Global Industry Assessment & Forecast
#
Pages:
160
2021
Nov - 2021
VMR-2021-0869
Segments Covered
By
Product String Solar Inverters, Hybrid Inverters, Off-grid Inverters, Micro Inverters
-
By
Application Residential, Commercial, Utility
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
8.23 Billion |
 Revenue 2028:
|
23.66 Billion |
 Revenue CAGR
(2021 - 2028): |
14.11 |
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
The report delivers an acute breakdown of the market based on various segments such as Product, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Product, the market is divided into String Solar Inverters, Hybrid Inverters, Off-grid Inverters, Micro Inverters,. String Solar Inverters is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Application, the market is divided into Residential, Commercial, Utility,. Commercial attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Solar Inverter Market: Product Segment Analysis
-
- String Solar Inverters
- Hybrid Inverters
- Off-grid Inverters
- Micro Inverters
Global Solar Inverter Market: Application Segment Analysis
-
- Residential
- Commercial
- Utility
FAQ
Frequently Asked Question
What is the global demand for Solar Inverter in terms of revenue?
-
The global Solar Inverter valued at 8.23 Billion in 2020 and is expected to reach 23.66 Billion in 2028 growing at a CAGR of 14.11%.
Which are the prominent players in the market?
-
The prominent players in the market are Ginlong Solis, Enphase, Huawei, CPS America, TBEA SunOasis, Fronius, Schneider Electric, APsystems, Delta, TMEIC, Canadian Solar, Sineng, Power Electronics, SMA, HIQ Solar, Yaskawa Solectria Solar, Morningstar Corporation, Chilicon Power, Ingeteam, Solax Power, SolarEdge Technologies, Sungrow, KACO new energy, GoodWe, ABB..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 14.11% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Solar Inverter include
- The large inflow of investments in renewable energy sector and increasing technological innovations in inverters to improve their capabilities is anticipated to augment the growth of the solar inverter market over the forecast period.
- The rising percentage of residential solar rooftop installations is further anticipated to support the growth of the market in the near future.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Solar Inverter in 2020.
