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Battery for Solar PV Inverters-Global Market Insights and Sales Trends 2024
Synopsis
Inverters, also known as power regulators, can be classified into two types, stand-alone power supplies and grid-connected power supplies, depending on the use of the inverter in photovoltaic power generation systems. According to the waveform modulation method, it can be divided into a square wave inverter, a staircase wave inverter, a sine wave inverter, and a combined three-phase inverter. For inverters used in grid-connected systems, they can be divided into transformer-type inverters and transformer-less inverters according to transformers.
The global Battery for Solar PV Inverters market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Battery for Solar PV Inverters in various end use industries. The expanding demands from the Utility, Residential and Non-residential,, are propelling Battery for Solar PV Inverters market. Renewable Inverter Battery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Non-Renewable Inverter Battery segment is estimated at % CAGR for the next seven-year period.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.73 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Battery for Solar PV Inverters, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Battery for Solar PV Inverters market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Battery for Solar PV Inverters market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Battery for Solar PV Inverters sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Battery for Solar PV Inverters covered in this report include Eaton, Exide, HOPPECKE Batterien, Microtek and Su-Kam, etc.
The global Battery for Solar PV Inverters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Eaton
Exide
HOPPECKE Batterien
Microtek
Su-Kam
Global Battery for Solar PV Inverters market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Battery for Solar PV Inverters market, Segment by Type:
Renewable Inverter Battery
Non-Renewable Inverter Battery
Global Battery for Solar PV Inverters market, by Application
Utility
Residential
Non-residential
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Battery for Solar PV Inverters manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Battery for Solar PV Inverters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Inverters, also known as power regulators, can be classified into two types, stand-alone power supplies and grid-connected power supplies, depending on the use of the inverter in photovoltaic power generation systems. According to the waveform modulation method, it can be divided into a square wave inverter, a staircase wave inverter, a sine wave inverter, and a combined three-phase inverter. For inverters used in grid-connected systems, they can be divided into transformer-type inverters and transformer-less inverters according to transformers.
The global Battery for Solar PV Inverters market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Battery for Solar PV Inverters in various end use industries. The expanding demands from the Utility, Residential and Non-residential,, are propelling Battery for Solar PV Inverters market. Renewable Inverter Battery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Non-Renewable Inverter Battery segment is estimated at % CAGR for the next seven-year period.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.73 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Battery for Solar PV Inverters, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Battery for Solar PV Inverters market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Battery for Solar PV Inverters market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Battery for Solar PV Inverters sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Battery for Solar PV Inverters covered in this report include Eaton, Exide, HOPPECKE Batterien, Microtek and Su-Kam, etc.
The global Battery for Solar PV Inverters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Eaton
Exide
HOPPECKE Batterien
Microtek
Su-Kam
Global Battery for Solar PV Inverters market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Battery for Solar PV Inverters market, Segment by Type:
Renewable Inverter Battery
Non-Renewable Inverter Battery
Global Battery for Solar PV Inverters market, by Application
Utility
Residential
Non-residential
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Battery for Solar PV Inverters manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Battery for Solar PV Inverters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Battery for Solar PV Inverters Market Overview
1.1 Battery for Solar PV Inverters Product Overview
1.2 Battery for Solar PV Inverters Market Segment by Type
1.2.1 Renewable Inverter Battery
1.2.2 Non-Renewable Inverter Battery
1.3 Global Battery for Solar PV Inverters Market Size by Type
1.3.1 Global Battery for Solar PV Inverters Market Size Overview by Type (2018-2029)
1.3.2 Global Battery for Solar PV Inverters Historic Market Size Review by Type (2018-2023)
1.3.3 Global Battery for Solar PV Inverters Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Battery for Solar PV Inverters Sales Breakdown by Type (2018-2023)
1.4.2 Europe Battery for Solar PV Inverters Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Battery for Solar PV Inverters Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Battery for Solar PV Inverters Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Battery for Solar PV Inverters Sales Breakdown by Type (2018-2023)
2 Global Battery for Solar PV Inverters Market Competition by Company
2.1 Global Top Players by Battery for Solar PV Inverters Sales (2018-2023)
2.2 Global Top Players by Battery for Solar PV Inverters Revenue (2018-2023)
2.3 Global Top Players by Battery for Solar PV Inverters Price (2018-2023)
2.4 Global Top Manufacturers Battery for Solar PV Inverters Manufacturing Base Distribution, Sales Area, Product Type
2.5 Battery for Solar PV Inverters Market Competitive Situation and Trends
2.5.1 Battery for Solar PV Inverters Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Battery for Solar PV Inverters Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Battery for Solar PV Inverters as of 2022)
2.7 Date of Key Manufacturers Enter into Battery for Solar PV Inverters Market
2.8 Key Manufacturers Battery for Solar PV Inverters Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Battery for Solar PV Inverters Status and Outlook by Region
3.1 Global Battery for Solar PV Inverters Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Battery for Solar PV Inverters Historic Market Size by Region
3.2.1 Global Battery for Solar PV Inverters Sales in Volume by Region (2018-2023)
3.2.2 Global Battery for Solar PV Inverters Sales in Value by Region (2018-2023)
3.2.3 Global Battery for Solar PV Inverters Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Battery for Solar PV Inverters Forecasted Market Size by Region
3.3.1 Global Battery for Solar PV Inverters Sales in Volume by Region (2024-2029)
3.3.2 Global Battery for Solar PV Inverters Sales in Value by Region (2024-2029)
3.3.3 Global Battery for Solar PV Inverters Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Battery for Solar PV Inverters by Application
4.1 Battery for Solar PV Inverters Market Segment by Application
4.1.1 Utility
4.1.2 Residential
4.1.3 Non-residential
4.2 Global Battery for Solar PV Inverters Market Size by Application
4.2.1 Global Battery for Solar PV Inverters Market Size Overview by Application (2018-2029)
4.2.2 Global Battery for Solar PV Inverters Historic Market Size Review by Application (2018-2023)
4.2.3 Global Battery for Solar PV Inverters Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Battery for Solar PV Inverters Sales Breakdown by Application (2018-2023)
4.3.2 Europe Battery for Solar PV Inverters Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Battery for Solar PV Inverters Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Battery for Solar PV Inverters Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Battery for Solar PV Inverters Sales Breakdown by Application (2018-2023)
5 North America Battery for Solar PV Inverters by Country
5.1 North America Battery for Solar PV Inverters Historic Market Size by Country
5.1.1 North America Battery for Solar PV Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Battery for Solar PV Inverters Sales in Volume by Country (2018-2023)
5.1.3 North America Battery for Solar PV Inverters Sales in Value by Country (2018-2023)
5.2 North America Battery for Solar PV Inverters Forecasted Market Size by Country
5.2.1 North America Battery for Solar PV Inverters Sales in Volume by Country (2024-2029)
5.2.2 North America Battery for Solar PV Inverters Sales in Value by Country (2024-2029)
6 Europe Battery for Solar PV Inverters by Country
6.1 Europe Battery for Solar PV Inverters Historic Market Size by Country
6.1.1 Europe Battery for Solar PV Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Battery for Solar PV Inverters Sales in Volume by Country (2018-2023)
6.1.3 Europe Battery for Solar PV Inverters Sales in Value by Country (2018-2023)
6.2 Europe Battery for Solar PV Inverters Forecasted Market Size by Country
6.2.1 Europe Battery for Solar PV Inverters Sales in Volume by Country (2024-2029)
6.2.2 Europe Battery for Solar PV Inverters Sales in Value by Country (2024-2029)
7 Asia-Pacific Battery for Solar PV Inverters by Region
7.1 Asia-Pacific Battery for Solar PV Inverters Historic Market Size by Region
7.1.1 Asia-Pacific Battery for Solar PV Inverters Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Battery for Solar PV Inverters Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Battery for Solar PV Inverters Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Battery for Solar PV Inverters Forecasted Market Size by Region
7.2.1 Asia-Pacific Battery for Solar PV Inverters Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Battery for Solar PV Inverters Sales in Value by Region (2024-2029)
8 Latin America Battery for Solar PV Inverters by Country
8.1 Latin America Battery for Solar PV Inverters Historic Market Size by Country
8.1.1 Latin America Battery for Solar PV Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Battery for Solar PV Inverters Sales in Volume by Country (2018-2023)
8.1.3 Latin America Battery for Solar PV Inverters Sales in Value by Country (2018-2023)
8.2 Latin America Battery for Solar PV Inverters Forecasted Market Size by Country
8.2.1 Latin America Battery for Solar PV Inverters Sales in Volume by Country (2024-2029)
8.2.2 Latin America Battery for Solar PV Inverters Sales in Value by Country (2024-2029)
9 Middle East and Africa Battery for Solar PV Inverters by Country
9.1 Middle East and Africa Battery for Solar PV Inverters Historic Market Size by Country
9.1.1 Middle East and Africa Battery for Solar PV Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Battery for Solar PV Inverters Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Battery for Solar PV Inverters Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Battery for Solar PV Inverters Forecasted Market Size by Country
9.2.1 Middle East and Africa Battery for Solar PV Inverters Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Battery for Solar PV Inverters Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Eaton
10.1.1 Eaton Company Information
10.1.2 Eaton Introduction and Business Overview
10.1.3 Eaton Battery for Solar PV Inverters Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Eaton Battery for Solar PV Inverters Products Offered
10.1.5 Eaton Recent Development
10.2 Exide
10.2.1 Exide Company Information
10.2.2 Exide Introduction and Business Overview
10.2.3 Exide Battery for Solar PV Inverters Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Exide Battery for Solar PV Inverters Products Offered
10.2.5 Exide Recent Development
10.3 HOPPECKE Batterien
10.3.1 HOPPECKE Batterien Company Information
10.3.2 HOPPECKE Batterien Introduction and Business Overview
10.3.3 HOPPECKE Batterien Battery for Solar PV Inverters Sales, Revenue and Gross Margin (2018-2023)
10.3.4 HOPPECKE Batterien Battery for Solar PV Inverters Products Offered
10.3.5 HOPPECKE Batterien Recent Development
10.4 Microtek
10.4.1 Microtek Company Information
10.4.2 Microtek Introduction and Business Overview
10.4.3 Microtek Battery for Solar PV Inverters Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Microtek Battery for Solar PV Inverters Products Offered
10.4.5 Microtek Recent Development
10.5 Su-Kam
10.5.1 Su-Kam Company Information
10.5.2 Su-Kam Introduction and Business Overview
10.5.3 Su-Kam Battery for Solar PV Inverters Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Su-Kam Battery for Solar PV Inverters Products Offered
10.5.5 Su-Kam Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Battery for Solar PV Inverters Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Battery for Solar PV Inverters Industrial Chain Analysis
11.4 Battery for Solar PV Inverters Market Dynamics
11.4.1 Battery for Solar PV Inverters Industry Trends
11.4.2 Battery for Solar PV Inverters Market Drivers
11.4.3 Battery for Solar PV Inverters Market Challenges
11.4.4 Battery for Solar PV Inverters Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Battery for Solar PV Inverters Distributors
12.3 Battery for Solar PV Inverters Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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