The global Solar Inverter market size in 2023 is 7590.0 million US dollars, and it is expected to be 13348.9 million US dollars by 2030, with a compound annual growth rate of 8.40% expected in 2024-2030.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Solar Inverter market include Delta Electronics Inc., Fimer S.P.A., Fronius International GmbH, Ginlong Technologies, and Huawei Technologies Co. Ltd.. The share of the top 3 players in the Solar Inverter market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Solar Inverter market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Central Inverter accounted for XX% of Solar Inverter market in 2023. String Inverter share of XX%.
On-Grid accounted for XX% of the Solar Inverter market in 2023. Off-Grid accounts for XX%.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
COVID-19 Impact:
Outbreak of COVID-19 pandemic due to lockdown restrictions imposed by governments around the world has affected the growth of the global Solar Inverter market in 2020. The containment measures taken by the governments of various countries in response to control the outbreak of COVID-19 disrupted the entire supply chain by creating logistical interruptions, transportation restrictions, and product supply across borders.
The report analyzes the key trends in each segment of the global Solar Inverter market along with global and country-level forecasts from 2024 to 2028. Our report segments the market based on types and applications, thereby providing a detailed analysis of the market to help gain an in-depth understanding of the market and enable market participants, stakeholders, investors, etc. to have a clearer understanding of the market and judgment.
Key benefits to stakeholders:
The report provides a comprehensive quantitative analysis of various segments, historical and current market trends, market forecasts, and dynamics of the Solar Inverter market for 2017-2028.
The research report provides the latest information on the market drivers, challenges and opportunities of the global Solar Inverter market.
The study profiles the leading as well as the fastest growing regional markets. It further enables stakeholders to identify key country-level markets within each region.
Porter's Five Forces Analysis helps stakeholders assess the impact of new entrants, competitors, supplier strength, buyer strength, and threat of substitution. It helps stakeholders analyze the level of competition in the Solar Inverter industry and its attractiveness.
The competitive landscape enables stakeholders to understand their competitive environment and gain insight into the current position of the key players in the market.
Highlights-Regions
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Egypt
South Africa
UAE
Turkey
Saudi Arabia
Player list
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.
Types list
Central Inverter
String Inverter
Micro Inverter
Application list
On-Grid
Off-Grid
