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Solar Inverter Market

Solar Inverter Market

Solar Inverter Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

143

Base Year:

2022

Date

May - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1608

Segments Covered
  • By Product Type By Product Type Central Inverter, String Inverter, Micro Inverter
  • By Connection Type By Connection Type On-Grid, Off-Grid
  • By Phase By Phase Single-Phase, Three-Phase
  • By End User By End User Residential, Commercial & Industrial, Utilities
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 7.59 Billion
Revenue 2030Revenue 2030: USD 14.46 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 8.40%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
  1. Executive Dashboard
    1. Strategic Imperatives
  2. Premium Insights
    1. Top 3 Trends to Watch
    2. Demand and Supply Trends
    3. Top 3 Strategies Followed by Major Players
    4. Top 3 Predictions by Vantage Market Research
    5. Top Investment Pockets
    6. Insights from Primary Respondents
  3. Global Solar Inverter Market - Segment Analysis
    1. Overview
    2. Global Solar Inverter Market, 2016 - 2028 (USD Million)
    3. Global Solar Inverter Market - by Product Type
      1. By Central Inverter
      2. By String Inverter
      3. By Micro Inverter
    4. Global Solar Inverter Market - by Connection Type
      1. By On-Grid
      2. By Off-Grid
    5. Global Solar Inverter Market - by Phase
      1. By Single-Phase
      2. By Three-Phase
    6. Global Solar Inverter Market - by End User
      1. By Residential
      2. By Commercial & Industrial
      3. By Utilities
    7. Global Solar Inverter Market - by region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
    8. Market comparative analysis
  4. North America Solar Inverter Market - Segment Analysis
    1. Overview
    2. North America Solar Inverter Market, 2016 - 2028 (USD Million)
    3. North America Solar Inverter Market, by Product Type
      1. By Central Inverter
      2. By String Inverter
      3. By Micro Inverter
    4. North America Solar Inverter Market, by Connection Type
      1. By On-Grid
      2. By Off-Grid
    5. North America Solar Inverter Market, by Phase
      1. By Single-Phase
      2. By Three-Phase
    6. North America Solar Inverter Market, by End User
      1. By Residential
      2. By Commercial & Industrial
      3. By Utilities
    7. North America Solar Inverter Market, by Country
      1. U.S.
        1. U.S. Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. U.S. Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. U.S. Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. U.S. Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      2. Canada
        1. Canada Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Canada Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Canada Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Canada Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      3. Mexico
        1. Mexico Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Mexico Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Mexico Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Mexico Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
  5. Europe Solar Inverter Market - Segment Analysis
    1. Overview
    2. Europe Solar Inverter Market, 2016 - 2028 (USD Million)
    3. Europe Solar Inverter Market, by Product Type
      1. By Central Inverter
      2. By String Inverter
      3. By Micro Inverter
    4. Europe Solar Inverter Market, by Connection Type
      1. By On-Grid
      2. By Off-Grid
    5. Europe Solar Inverter Market, by Phase
      1. By Single-Phase
      2. By Three-Phase
    6. Europe Solar Inverter Market, by End User
      1. By Residential
      2. By Commercial & Industrial
      3. By Utilities
    7. Europe Solar Inverter Market, by Country
      1. Germany
        1. Germany Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Germany Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Germany Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Germany Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      2. UK
        1. UK Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. UK Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. UK Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. UK Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      3. France
        1. France Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. France Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. France Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. France Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      4. Spain
        1. Spain Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Spain Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Spain Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Spain Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      5. Italy
        1. Italy Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Italy Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Italy Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Italy Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      6. BENELUX
        1. BENELUX Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. BENELUX Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. BENELUX Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. BENELUX Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      7. Rest of Europe
        1. Rest Of Europe Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Rest Of Europe Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Rest Of Europe Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Rest Of Europe Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
  6. Asia Pacific Solar Inverter Market - Segment Analysis
    1. Overview
    2. Asia Pacific Solar Inverter Market, 2016 - 2028 (USD Million)
    3. Asia Pacific Solar Inverter Market, by Product Type
      1. By Central Inverter
      2. By String Inverter
      3. By Micro Inverter
    4. Asia Pacific Solar Inverter Market, by Connection Type
      1. By On-Grid
      2. By Off-Grid
    5. Asia Pacific Solar Inverter Market, by Phase
      1. By Single-Phase
      2. By Three-Phase
    6. Asia Pacific Solar Inverter Market, by End User
      1. By Residential
      2. By Commercial & Industrial
      3. By Utilities
    7. Asia Pacific Solar Inverter Market, by Country
      1. China
        1. China Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. China Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. China Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. China Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      2. Japan
        1. Japan Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Japan Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Japan Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Japan Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      3. India
        1. India Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. India Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. India Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. India Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      4. South Korea
        1. South Korea Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. South Korea Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. South Korea Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. South Korea Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      5. South East Asia
        1. South East Asia Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. South East Asia Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. South East Asia Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. South East Asia Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      6. Rest of Asia Pacific
        1. Rest of Asia Pacific Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Rest of Asia Pacific Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Rest of Asia Pacific Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Rest of Asia Pacific Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
  7. Latin America Solar Inverter Market - Segment Analysis
    1. Overview
    2. Latin America Solar Inverter Market, 2016 - 2028 (USD Million)
    3. Latin America Solar Inverter Market, by Product Type
      1. By Central Inverter
      2. By String Inverter
      3. By Micro Inverter
    4. Latin America Solar Inverter Market, by Connection Type
      1. By On-Grid
      2. By Off-Grid
    5. Latin America Solar Inverter Market, by Phase
      1. By Single-Phase
      2. By Three-Phase
    6. Latin America Solar Inverter Market, by End User
      1. By Residential
      2. By Commercial & Industrial
      3. By Utilities
    7. Latin America Solar Inverter Market, by Country
      1. Brazil
        1. Brazil Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Brazil Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Brazil Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Brazil Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      2. Argentina
        1. Argentina Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Argentina Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Argentina Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Argentina Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      3. Rest of Latin America
        1. Rest of Latin America Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Rest of Latin America Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Rest of Latin America Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Rest of Latin America Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
  8. Middle East & Africa Solar Inverter Market - Segment Analysis
    1. Overview
    2. Middle East & Africa Solar Inverter Market, 2016 - 2028 (USD Million)
    3. Middle East & Africa Solar Inverter Market, by Product Type
      1. By Central Inverter
      2. By String Inverter
      3. By Micro Inverter
    4. Middle East & Africa Solar Inverter Market, by Connection Type
      1. By On-Grid
      2. By Off-Grid
    5. Middle East & Africa Solar Inverter Market, by Phase
      1. By Single-Phase
      2. By Three-Phase
    6. Middle East & Africa Solar Inverter Market, by End User
      1. By Residential
      2. By Commercial & Industrial
      3. By Utilities
    7. Middle East & Africa Solar Inverter Market, by Country
      1. GCC Countries
        1. GCC Countries Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. GCC Countries Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. GCC Countries Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. GCC Countries Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      2. South Africa
        1. South Africa Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. South Africa Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. South Africa Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. South Africa Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
      3. Rest of Middle East & Africa
        1. Rest of Middle East & Africa Solar Inverter Market, By Product Type
          1. By Central Inverter
          2. By String Inverter
          3. By Micro Inverter
        2. Rest of Middle East & Africa Solar Inverter Market, By Connection Type
          1. By On-Grid
          2. By Off-Grid
        3. Rest of Middle East & Africa Solar Inverter Market, By Phase
          1. By Single-Phase
          2. By Three-Phase
        4. Rest of Middle East & Africa Solar Inverter Market, By End User
          1. By Residential
          2. By Commercial & Industrial
          3. By Utilities
  9. Key Market Dynamics
    1. Introduction
    2. Market Drivers
    3. Market Restraints
    4. Market Opportunities
    5. Porter's Five Forces Analysis
    6. PEST Analysis
    7. Regulatory Landscape
    8. Technology Landscape
    9. Regional Market Trends
  10. COVID 19 Impact Analysis
    1. Key strategies undertaken by companies to tackle COVID-19
    2. Short term dynamics
    3. Long term dynamics
  11. Marketing Stratagy Analysis
    1. Marketing Channel
    2. Direct Marketing
    3. Indirect Marketing
    4. Marketing Channel Development Trends
  12. Competative Landscape
    1. Competition Matrix - 2021
    2. Company Market Share Analysis - 2021
    3. Key Company Activities, 2018 - 2021
    4. Strategic Developments - Heat Map Analysis
    5. Company Offering Evaluation
    6. Company Regional Presence Evaluation
  13. Company Profiles
    1. Delta Electronics Inc.
    2. Fimer S.P.A.
    3. Fronius International GmbH
    4. Ginlong Technologies
    5. Huawei Technologies Co. Ltd.
    6. Shenzhen Growatt New Energy Co. Ltd.
    7. Siemens AG
    8. SMA Solar Technology AG
    9. SolarEdge Technologies Inc.
    10. Sungrow Power Supply Co. Ltd.
  14. Key Primary Respondents - VERBATIM
  15. Discussion Guide
  16. Customization Offered
  17. Annexure
  18. List of Figures
  19. List of Tables
  20. List of Abbreviations
FAQ
Frequently Asked Question
  • 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%.

  • 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..

  • The market is project to grow at a CAGR of 8.40% between 2023 and 2030.

  • The driving factors of the Solar Inverter include

    • Large Inflow of Investments in Renewable Energy Sector

  • Asia Pacific was the leading regional segment of the Solar Inverter in 2022.