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Solar Hybrid Inverter-Global Market Insights and Sales Trends 2024

Solar Hybrid Inverter-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1839958

No of Pages : 112

Synopsis
The global Solar Hybrid Inverter market size is expected to reach US$ 302.4 million by 2029, growing at a CAGR of 8.8% from 2023 to 2029. The market is mainly driven by the significant applications of Solar Hybrid Inverter in various end use industries. The expanding demands from the Commercial, Residential and Other, are propelling Solar Hybrid Inverter market. Single-Phase Hybrid, 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 Three-Phase Hybrid 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 3.311 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 Solar Hybrid Inverter, 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 Solar Hybrid Inverter 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 Solar Hybrid Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Hybrid Inverter 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 Solar Hybrid Inverter covered in this report include Flin Energy, Luminous India, Microtek Inverters, Schneider Electric, Su-Kam Power Systems, Delta Energy Systems, EAST Group, Kaco New Energy and Pure Volt, etc.
The global Solar Hybrid Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Flin Energy
Luminous India
Microtek Inverters
Schneider Electric
Su-Kam Power Systems
Delta Energy Systems
EAST Group
Kaco New Energy
Pure Volt
Tabuchi Electric
Shanghai Sunvis New Energy
Voltronic Power Technology
Solax Power
SolarEdge Technologies
Redback Technologies
Growatt New Energy Technology
GoodWe (Jiangsu) Power Supply Technology
Lavancha Renewable Energy
Global Solar Hybrid Inverter 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 Solar Hybrid Inverter market, Segment by Type:
Single-Phase Hybrid
Three-Phase Hybrid
Global Solar Hybrid Inverter market, by Application
Commercial
Residential
Other
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 Solar Hybrid Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar Hybrid Inverter 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.
Index
1 Solar Hybrid Inverter Market Overview
1.1 Solar Hybrid Inverter Product Overview
1.2 Solar Hybrid Inverter Market Segment by Type
1.2.1 Single-Phase Hybrid
1.2.2 Three-Phase Hybrid
1.3 Global Solar Hybrid Inverter Market Size by Type
1.3.1 Global Solar Hybrid Inverter Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Hybrid Inverter Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Hybrid Inverter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Hybrid Inverter Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Hybrid Inverter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Hybrid Inverter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Hybrid Inverter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Hybrid Inverter Sales Breakdown by Type (2018-2023)
2 Global Solar Hybrid Inverter Market Competition by Company
2.1 Global Top Players by Solar Hybrid Inverter Sales (2018-2023)
2.2 Global Top Players by Solar Hybrid Inverter Revenue (2018-2023)
2.3 Global Top Players by Solar Hybrid Inverter Price (2018-2023)
2.4 Global Top Manufacturers Solar Hybrid Inverter Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Hybrid Inverter Market Competitive Situation and Trends
2.5.1 Solar Hybrid Inverter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar Hybrid Inverter 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 Solar Hybrid Inverter as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Hybrid Inverter Market
2.8 Key Manufacturers Solar Hybrid Inverter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Hybrid Inverter Status and Outlook by Region
3.1 Global Solar Hybrid Inverter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Hybrid Inverter Historic Market Size by Region
3.2.1 Global Solar Hybrid Inverter Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Hybrid Inverter Sales in Value by Region (2018-2023)
3.2.3 Global Solar Hybrid Inverter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Hybrid Inverter Forecasted Market Size by Region
3.3.1 Global Solar Hybrid Inverter Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Hybrid Inverter Sales in Value by Region (2024-2029)
3.3.3 Global Solar Hybrid Inverter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Hybrid Inverter by Application
4.1 Solar Hybrid Inverter Market Segment by Application
4.1.1 Commercial
4.1.2 Residential
4.1.3 Other
4.2 Global Solar Hybrid Inverter Market Size by Application
4.2.1 Global Solar Hybrid Inverter Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Hybrid Inverter Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Hybrid Inverter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Hybrid Inverter Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Hybrid Inverter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Hybrid Inverter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Hybrid Inverter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Hybrid Inverter Sales Breakdown by Application (2018-2023)
5 North America Solar Hybrid Inverter by Country
5.1 North America Solar Hybrid Inverter Historic Market Size by Country
5.1.1 North America Solar Hybrid Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Hybrid Inverter Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Hybrid Inverter Sales in Value by Country (2018-2023)
5.2 North America Solar Hybrid Inverter Forecasted Market Size by Country
5.2.1 North America Solar Hybrid Inverter Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Hybrid Inverter Sales in Value by Country (2024-2029)
6 Europe Solar Hybrid Inverter by Country
6.1 Europe Solar Hybrid Inverter Historic Market Size by Country
6.1.1 Europe Solar Hybrid Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Hybrid Inverter Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Hybrid Inverter Sales in Value by Country (2018-2023)
6.2 Europe Solar Hybrid Inverter Forecasted Market Size by Country
6.2.1 Europe Solar Hybrid Inverter Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Hybrid Inverter Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Hybrid Inverter by Region
7.1 Asia-Pacific Solar Hybrid Inverter Historic Market Size by Region
7.1.1 Asia-Pacific Solar Hybrid Inverter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Hybrid Inverter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Hybrid Inverter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Hybrid Inverter Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Hybrid Inverter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Hybrid Inverter Sales in Value by Region (2024-2029)
8 Latin America Solar Hybrid Inverter by Country
8.1 Latin America Solar Hybrid Inverter Historic Market Size by Country
8.1.1 Latin America Solar Hybrid Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Hybrid Inverter Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Hybrid Inverter Sales in Value by Country (2018-2023)
8.2 Latin America Solar Hybrid Inverter Forecasted Market Size by Country
8.2.1 Latin America Solar Hybrid Inverter Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Hybrid Inverter Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Hybrid Inverter by Country
9.1 Middle East and Africa Solar Hybrid Inverter Historic Market Size by Country
9.1.1 Middle East and Africa Solar Hybrid Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Hybrid Inverter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Hybrid Inverter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Hybrid Inverter Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Hybrid Inverter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar Hybrid Inverter Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Flin Energy
10.1.1 Flin Energy Company Information
10.1.2 Flin Energy Introduction and Business Overview
10.1.3 Flin Energy Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Flin Energy Solar Hybrid Inverter Products Offered
10.1.5 Flin Energy Recent Development
10.2 Luminous India
10.2.1 Luminous India Company Information
10.2.2 Luminous India Introduction and Business Overview
10.2.3 Luminous India Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Luminous India Solar Hybrid Inverter Products Offered
10.2.5 Luminous India Recent Development
10.3 Microtek Inverters
10.3.1 Microtek Inverters Company Information
10.3.2 Microtek Inverters Introduction and Business Overview
10.3.3 Microtek Inverters Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Microtek Inverters Solar Hybrid Inverter Products Offered
10.3.5 Microtek Inverters Recent Development
10.4 Schneider Electric
10.4.1 Schneider Electric Company Information
10.4.2 Schneider Electric Introduction and Business Overview
10.4.3 Schneider Electric Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Schneider Electric Solar Hybrid Inverter Products Offered
10.4.5 Schneider Electric Recent Development
10.5 Su-Kam Power Systems
10.5.1 Su-Kam Power Systems Company Information
10.5.2 Su-Kam Power Systems Introduction and Business Overview
10.5.3 Su-Kam Power Systems Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Su-Kam Power Systems Solar Hybrid Inverter Products Offered
10.5.5 Su-Kam Power Systems Recent Development
10.6 Delta Energy Systems
10.6.1 Delta Energy Systems Company Information
10.6.2 Delta Energy Systems Introduction and Business Overview
10.6.3 Delta Energy Systems Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Delta Energy Systems Solar Hybrid Inverter Products Offered
10.6.5 Delta Energy Systems Recent Development
10.7 EAST Group
10.7.1 EAST Group Company Information
10.7.2 EAST Group Introduction and Business Overview
10.7.3 EAST Group Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 EAST Group Solar Hybrid Inverter Products Offered
10.7.5 EAST Group Recent Development
10.8 Kaco New Energy
10.8.1 Kaco New Energy Company Information
10.8.2 Kaco New Energy Introduction and Business Overview
10.8.3 Kaco New Energy Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Kaco New Energy Solar Hybrid Inverter Products Offered
10.8.5 Kaco New Energy Recent Development
10.9 Pure Volt
10.9.1 Pure Volt Company Information
10.9.2 Pure Volt Introduction and Business Overview
10.9.3 Pure Volt Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Pure Volt Solar Hybrid Inverter Products Offered
10.9.5 Pure Volt Recent Development
10.10 Tabuchi Electric
10.10.1 Tabuchi Electric Company Information
10.10.2 Tabuchi Electric Introduction and Business Overview
10.10.3 Tabuchi Electric Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Tabuchi Electric Solar Hybrid Inverter Products Offered
10.10.5 Tabuchi Electric Recent Development
10.11 Shanghai Sunvis New Energy
10.11.1 Shanghai Sunvis New Energy Company Information
10.11.2 Shanghai Sunvis New Energy Introduction and Business Overview
10.11.3 Shanghai Sunvis New Energy Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Shanghai Sunvis New Energy Solar Hybrid Inverter Products Offered
10.11.5 Shanghai Sunvis New Energy Recent Development
10.12 Voltronic Power Technology
10.12.1 Voltronic Power Technology Company Information
10.12.2 Voltronic Power Technology Introduction and Business Overview
10.12.3 Voltronic Power Technology Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Voltronic Power Technology Solar Hybrid Inverter Products Offered
10.12.5 Voltronic Power Technology Recent Development
10.13 Solax Power
10.13.1 Solax Power Company Information
10.13.2 Solax Power Introduction and Business Overview
10.13.3 Solax Power Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Solax Power Solar Hybrid Inverter Products Offered
10.13.5 Solax Power Recent Development
10.14 SolarEdge Technologies
10.14.1 SolarEdge Technologies Company Information
10.14.2 SolarEdge Technologies Introduction and Business Overview
10.14.3 SolarEdge Technologies Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.14.4 SolarEdge Technologies Solar Hybrid Inverter Products Offered
10.14.5 SolarEdge Technologies Recent Development
10.15 Redback Technologies
10.15.1 Redback Technologies Company Information
10.15.2 Redback Technologies Introduction and Business Overview
10.15.3 Redback Technologies Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Redback Technologies Solar Hybrid Inverter Products Offered
10.15.5 Redback Technologies Recent Development
10.16 Growatt New Energy Technology
10.16.1 Growatt New Energy Technology Company Information
10.16.2 Growatt New Energy Technology Introduction and Business Overview
10.16.3 Growatt New Energy Technology Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Growatt New Energy Technology Solar Hybrid Inverter Products Offered
10.16.5 Growatt New Energy Technology Recent Development
10.17 GoodWe (Jiangsu) Power Supply Technology
10.17.1 GoodWe (Jiangsu) Power Supply Technology Company Information
10.17.2 GoodWe (Jiangsu) Power Supply Technology Introduction and Business Overview
10.17.3 GoodWe (Jiangsu) Power Supply Technology Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.17.4 GoodWe (Jiangsu) Power Supply Technology Solar Hybrid Inverter Products Offered
10.17.5 GoodWe (Jiangsu) Power Supply Technology Recent Development
10.18 Lavancha Renewable Energy
10.18.1 Lavancha Renewable Energy Company Information
10.18.2 Lavancha Renewable Energy Introduction and Business Overview
10.18.3 Lavancha Renewable Energy Solar Hybrid Inverter Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Lavancha Renewable Energy Solar Hybrid Inverter Products Offered
10.18.5 Lavancha Renewable Energy Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar Hybrid Inverter 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 Solar Hybrid Inverter Industrial Chain Analysis
11.4 Solar Hybrid Inverter Market Dynamics
11.4.1 Solar Hybrid Inverter Industry Trends
11.4.2 Solar Hybrid Inverter Market Drivers
11.4.3 Solar Hybrid Inverter Market Challenges
11.4.4 Solar Hybrid Inverter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Hybrid Inverter Distributors
12.3 Solar Hybrid Inverter 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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