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Solar Inverters-Global Market Insights and Sales Trends 2024
Synopsis
Solar Inverter , also known as power regulator and power regulator, is an indispensable part of the photovoltaic system.
The global Solar 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 Solar Inverters in various end use industries. The expanding demands from the Residential, Business and Public Utilities,, are propelling Solar Inverters market. Independent Model, 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 Integrated Model 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 3.374 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 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 Solar 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 Solar Inverters market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar 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 Solar Inverters covered in this report include ABB, Chint Power Systems America, Darfon Electronics, Delta Energy Systems, Eaton, Elettronica Santerno, Enphase Energy, Fronius International and Fuji Electric Europ, etc.
The global Solar 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:
ABB
Chint Power Systems America
Darfon Electronics
Delta Energy Systems
Eaton
Elettronica Santerno
Enphase Energy
Fronius International
Fuji Electric Europ
GE Power
Ginlong Technologies
Global Solar 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 Solar Inverters market, Segment by Type:
Independent Model
Integrated Model
Global Solar Inverters market, by Application
Residential
Business
Public Utilities
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 Inverters manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar 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.
Solar Inverter , also known as power regulator and power regulator, is an indispensable part of the photovoltaic system.
The global Solar 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 Solar Inverters in various end use industries. The expanding demands from the Residential, Business and Public Utilities,, are propelling Solar Inverters market. Independent Model, 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 Integrated Model 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 3.374 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 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 Solar 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 Solar Inverters market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar 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 Solar Inverters covered in this report include ABB, Chint Power Systems America, Darfon Electronics, Delta Energy Systems, Eaton, Elettronica Santerno, Enphase Energy, Fronius International and Fuji Electric Europ, etc.
The global Solar 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:
ABB
Chint Power Systems America
Darfon Electronics
Delta Energy Systems
Eaton
Elettronica Santerno
Enphase Energy
Fronius International
Fuji Electric Europ
GE Power
Ginlong Technologies
Global Solar 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 Solar Inverters market, Segment by Type:
Independent Model
Integrated Model
Global Solar Inverters market, by Application
Residential
Business
Public Utilities
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 Inverters manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Solar 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 Solar Inverters Market Overview
1.1 Solar Inverters Product Overview
1.2 Solar Inverters Market Segment by Type
1.2.1 Independent Model
1.2.2 Integrated Model
1.3 Global Solar Inverters Market Size by Type
1.3.1 Global Solar Inverters Market Size Overview by Type (2018-2029)
1.3.2 Global Solar Inverters Historic Market Size Review by Type (2018-2023)
1.3.3 Global Solar Inverters Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Inverters Sales Breakdown by Type (2018-2023)
1.4.2 Europe Solar Inverters Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Solar Inverters Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Solar Inverters Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Solar Inverters Sales Breakdown by Type (2018-2023)
2 Global Solar Inverters Market Competition by Company
2.1 Global Top Players by Solar Inverters Sales (2018-2023)
2.2 Global Top Players by Solar Inverters Revenue (2018-2023)
2.3 Global Top Players by Solar Inverters Price (2018-2023)
2.4 Global Top Manufacturers Solar Inverters Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Inverters Market Competitive Situation and Trends
2.5.1 Solar Inverters Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar 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 Solar Inverters as of 2022)
2.7 Date of Key Manufacturers Enter into Solar Inverters Market
2.8 Key Manufacturers Solar Inverters Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Inverters Status and Outlook by Region
3.1 Global Solar Inverters Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Solar Inverters Historic Market Size by Region
3.2.1 Global Solar Inverters Sales in Volume by Region (2018-2023)
3.2.2 Global Solar Inverters Sales in Value by Region (2018-2023)
3.2.3 Global Solar Inverters Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Solar Inverters Forecasted Market Size by Region
3.3.1 Global Solar Inverters Sales in Volume by Region (2024-2029)
3.3.2 Global Solar Inverters Sales in Value by Region (2024-2029)
3.3.3 Global Solar Inverters Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Solar Inverters by Application
4.1 Solar Inverters Market Segment by Application
4.1.1 Residential
4.1.2 Business
4.1.3 Public Utilities
4.2 Global Solar Inverters Market Size by Application
4.2.1 Global Solar Inverters Market Size Overview by Application (2018-2029)
4.2.2 Global Solar Inverters Historic Market Size Review by Application (2018-2023)
4.2.3 Global Solar Inverters Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Inverters Sales Breakdown by Application (2018-2023)
4.3.2 Europe Solar Inverters Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Solar Inverters Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Solar Inverters Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Solar Inverters Sales Breakdown by Application (2018-2023)
5 North America Solar Inverters by Country
5.1 North America Solar Inverters Historic Market Size by Country
5.1.1 North America Solar Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Solar Inverters Sales in Volume by Country (2018-2023)
5.1.3 North America Solar Inverters Sales in Value by Country (2018-2023)
5.2 North America Solar Inverters Forecasted Market Size by Country
5.2.1 North America Solar Inverters Sales in Volume by Country (2024-2029)
5.2.2 North America Solar Inverters Sales in Value by Country (2024-2029)
6 Europe Solar Inverters by Country
6.1 Europe Solar Inverters Historic Market Size by Country
6.1.1 Europe Solar Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Solar Inverters Sales in Volume by Country (2018-2023)
6.1.3 Europe Solar Inverters Sales in Value by Country (2018-2023)
6.2 Europe Solar Inverters Forecasted Market Size by Country
6.2.1 Europe Solar Inverters Sales in Volume by Country (2024-2029)
6.2.2 Europe Solar Inverters Sales in Value by Country (2024-2029)
7 Asia-Pacific Solar Inverters by Region
7.1 Asia-Pacific Solar Inverters Historic Market Size by Region
7.1.1 Asia-Pacific Solar Inverters Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Solar Inverters Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Solar Inverters Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Solar Inverters Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Inverters Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Solar Inverters Sales in Value by Region (2024-2029)
8 Latin America Solar Inverters by Country
8.1 Latin America Solar Inverters Historic Market Size by Country
8.1.1 Latin America Solar Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Solar Inverters Sales in Volume by Country (2018-2023)
8.1.3 Latin America Solar Inverters Sales in Value by Country (2018-2023)
8.2 Latin America Solar Inverters Forecasted Market Size by Country
8.2.1 Latin America Solar Inverters Sales in Volume by Country (2024-2029)
8.2.2 Latin America Solar Inverters Sales in Value by Country (2024-2029)
9 Middle East and Africa Solar Inverters by Country
9.1 Middle East and Africa Solar Inverters Historic Market Size by Country
9.1.1 Middle East and Africa Solar Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Solar Inverters Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Solar Inverters Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Solar Inverters Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Inverters Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Solar Inverters Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Solar Inverters Products Offered
10.1.5 ABB Recent Development
10.2 Chint Power Systems America
10.2.1 Chint Power Systems America Company Information
10.2.2 Chint Power Systems America Introduction and Business Overview
10.2.3 Chint Power Systems America Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Chint Power Systems America Solar Inverters Products Offered
10.2.5 Chint Power Systems America Recent Development
10.3 Darfon Electronics
10.3.1 Darfon Electronics Company Information
10.3.2 Darfon Electronics Introduction and Business Overview
10.3.3 Darfon Electronics Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Darfon Electronics Solar Inverters Products Offered
10.3.5 Darfon Electronics Recent Development
10.4 Delta Energy Systems
10.4.1 Delta Energy Systems Company Information
10.4.2 Delta Energy Systems Introduction and Business Overview
10.4.3 Delta Energy Systems Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Delta Energy Systems Solar Inverters Products Offered
10.4.5 Delta Energy Systems Recent Development
10.5 Eaton
10.5.1 Eaton Company Information
10.5.2 Eaton Introduction and Business Overview
10.5.3 Eaton Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Eaton Solar Inverters Products Offered
10.5.5 Eaton Recent Development
10.6 Elettronica Santerno
10.6.1 Elettronica Santerno Company Information
10.6.2 Elettronica Santerno Introduction and Business Overview
10.6.3 Elettronica Santerno Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Elettronica Santerno Solar Inverters Products Offered
10.6.5 Elettronica Santerno Recent Development
10.7 Enphase Energy
10.7.1 Enphase Energy Company Information
10.7.2 Enphase Energy Introduction and Business Overview
10.7.3 Enphase Energy Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Enphase Energy Solar Inverters Products Offered
10.7.5 Enphase Energy Recent Development
10.8 Fronius International
10.8.1 Fronius International Company Information
10.8.2 Fronius International Introduction and Business Overview
10.8.3 Fronius International Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Fronius International Solar Inverters Products Offered
10.8.5 Fronius International Recent Development
10.9 Fuji Electric Europ
10.9.1 Fuji Electric Europ Company Information
10.9.2 Fuji Electric Europ Introduction and Business Overview
10.9.3 Fuji Electric Europ Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Fuji Electric Europ Solar Inverters Products Offered
10.9.5 Fuji Electric Europ Recent Development
10.10 GE Power
10.10.1 GE Power Company Information
10.10.2 GE Power Introduction and Business Overview
10.10.3 GE Power Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.10.4 GE Power Solar Inverters Products Offered
10.10.5 GE Power Recent Development
10.11 Ginlong Technologies
10.11.1 Ginlong Technologies Company Information
10.11.2 Ginlong Technologies Introduction and Business Overview
10.11.3 Ginlong Technologies Solar Inverters Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Ginlong Technologies Solar Inverters Products Offered
10.11.5 Ginlong Technologies Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar 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 Solar Inverters Industrial Chain Analysis
11.4 Solar Inverters Market Dynamics
11.4.1 Solar Inverters Industry Trends
11.4.2 Solar Inverters Market Drivers
11.4.3 Solar Inverters Market Challenges
11.4.4 Solar Inverters Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Inverters Distributors
12.3 Solar 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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