Solar Inverter Market
Solar Inverter Market - Global Industry Assessment & Forecast
#
Pages:
143
2022
May - 2022
VMR-1608
Segments Covered
By
Product Type Central Inverter, String Inverter, Micro Inverter
-
By
Connection Type On-Grid, Off-Grid
-
By
Phase Single-Phase, Three-Phase
-
By
End User Residential, Commercial & Industrial, Utilities
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 7.59 Billion |
 Revenue 2030:
|
USD 14.46 Billion |
 Revenue CAGR
(2023 - 2030): |
8.40% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
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: Solar Inverter Market by Product Type by Connection Type by Phase by End User by Region - Global Market Assessment, 2021 - 2028
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 Solar 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.
Vantage Market
Research | 02-Jun-2022
FAQ
Frequently Asked Question
What is the global demand for Solar Inverter in terms of revenue?
-
The global Solar Inverter valued at USD 7.59 Billion in 2022 and is expected to reach USD 14.46 Billion in 2030 growing at a CAGR of 8.40%.
Which are the prominent players in the market?
-
The prominent players in the market are Delta Electronics Inc., Fimer S.P.A., Fronius International GmbH, Ginlong Technologies, Huawei Technologies Co. Ltd., Shenzhen Growatt New Energy Co. Ltd., Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8.40% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Solar Inverter include
- Large Inflow of Investments in Renewable Energy Sector
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Solar Inverter in 2022.
