Photovoltaic Inverter Market
Photovoltaic Inverter Market Global Industry Assessment & Forecast
#
Pages:
136
2021
Nov - 2021
VMR-2021-0778
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
Research Methodology: Photovoltaic Inverter Market - Global Market Assessment, 2021 - 2028
We at Vantage Market Research, employ comprehensive methodology for each market study, and Photovoltaic Inverter Market is not an exception. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We were connected with more than 145 primary respondents adequately distributed across the five regions to procure required Photovoltaic Inverter market-related information.
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements
Data Triangulation and Market Size Estimations
At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the Photovoltaic Inverter market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.
FAQ
Frequently Asked Question
What is the global demand for Photovoltaic Inverter in terms of revenue?
-
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?
-
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?
-
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?
-
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?
-
Asia Pacific was the leading regional segment of the Photovoltaic Inverter in 2020.
