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Global PV Inverters Market Size study, By Product (Central, String, Micro, and Others), By End Use (Residential, Commercial & Industrial, Utilities), and Regional Forecasts 2020-2027

  • BIZ3974605
  • 200 Pages
  • July 2020
  • Energy and Power
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Global PV Inverters Market is valued approximately at USD 7.94 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.12% over the forecast period 2020-2027. The demand for solar photovoltaic (PV) inverters is mainly driven by increased demand for solar energy and renewable energy generation. Globally, solar energy is projected to lead new infrastructure installations in the renewable industry by 2020; facilities with a potential greater than 5 megawatts would have more than 60 per cent of the global demand. This takes into account the development of all PV equipment during installs, including solar inverters, which are used for transforming energy to electricity. Renewables have seen growth at an unprecedented pace over the last decade and are rapidly gaining penetration as the preferred device for energy generation. More businesses are dedicated to make their respective energy transformations from traditional to renewable sources. For instance, In November 2019, Heineken NV opened its largest production facility in Mexico. The facility is installed with solar panels, which provide upwards of 12% energy required to run the facility. Growing market appetite for a cleaner climate, aggressive central policy goals coupled with effective coordination and execution of a range of support policies have contributed to substantial developments in the renewable energy field. Cost performance, long operational period and capacity to function under fluctuating power conditions are several of the crucial criteria that have an effect on product acceptance. In addition, the growing convergence of smart operational devices, along with the adoption of innovative cloud technology, would further drive market dynamics. Moreover, the that environmental issues about greenhouse pollution and the value of solar and other clean energy sources to minimize such pollution are a key factor in catalyzing this market. Other than this, the rising expense of fossil fuels often renders solar energy a more economical form of electricity. Moreover, growing installations of PV inverters among global populations as an alternative to conventional energy generation methods may further boost the market share. for instance, according to the International Renewable Energy Agency (IRENA), As of the end of 2018, the global capacity of installed and grid-connected solar PV power reached 480 GW (Figure 6), representing 20% year-on-year growth compared to 2017 (386 GW) and a compound annual growth rate (CAGR) of nearly 43% since 2000.

The regional analysis of global PV Inverters market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific region is expected to account for the majority of the market share owing to various government regulations towards adoption of clean energy sources. Moreover, the growth can also be attributed to the commissioning of several grid-scale solar farms across the world, especially in China and India. Policy subsidies and purchasing opportunities have played a primary role in pushing solar power projects in the country. The involvement of key market players in China and Japan, combined with the technological growth of their power electronics industry, also helped the huge demand from Asia Pacific.

Major market player included in this report are:

ABB

SMA Solar Technolgy AG

SunPower Corporation

Delta Electronics, Inc.

Siemens AG

Omron Corporation

Eaton Corporation Inc.

Emerson Electric Co

Power Electronics

Hitachi Hi-Rel Power Electronics Pvt. Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Central

String

Micro

Other

By End-Use:

Residential

Commercial & Industrial

Utilities

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027

Target Audience of the Global PV Inverters Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. PV Inverters Market, by Region, 2018-2027 (USD Billion)

1.2.2. PV Inverters Market, by Product, 2018-2027 (USD Billion)

1.2.3. PV Inverters Market, by End-Use, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global PV Inverters Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. End-Use Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global PV Inverters Market Dynamics

3.1. PV Inverters Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global PV Inverters Market: End-Use Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global PV Inverters Market, by Product

5.1. Market Snapshot

5.2. Global PV Inverters Market by Product, Performance - Potential Analysis

5.3. Global PV Inverters Market Estimates & Forecasts by Product 2017-2027 (USD Billion)

5.4. PV Inverters Market, Sub Segment Analysis

5.4.1. Central

5.4.2. String

5.4.3. Micro

5.4.4. Other

Chapter 6. Global PV Inverters Market, by End-Use

6.1. Market Snapshot

6.2. Global PV Inverters Market by End-Use, Performance - Potential Analysis

6.3. Global PV Inverters Market Estimates & Forecasts by End-Use 2017-2027 (USD Billion)

6.4. PV Inverters Market, Sub Segment Analysis

6.4.1. Residential

6.4.2. Commercial & Industrial

6.4.3. Utilities

Chapter 7. Global PV Inverters Market, Regional Analysis

7.1. PV Inverters Market, Regional Market Snapshot

7.2. North America PV Inverters Market

7.2.1. U.S. PV Inverters Market

7.2.1.1. Product breakdown estimates & forecasts, 2017-2027

7.2.1.2. End-Use breakdown estimates & forecasts, 2017-2027

7.2.2. Canada PV Inverters Market

7.3. Europe PV Inverters Market Snapshot

7.3.1. U.K. PV Inverters Market

7.3.2. Germany PV Inverters Market

7.3.3. France PV Inverters Market

7.3.4. Spain PV Inverters Market

7.3.5. Italy PV Inverters Market

7.3.6. Rest of Europe PV Inverters Market

7.4. Asia-Pacific PV Inverters Market Snapshot

7.4.1. China PV Inverters Market

7.4.2. India PV Inverters Market

7.4.3. Japan PV Inverters Market

7.4.4. Australia PV Inverters Market

7.4.5. South Korea PV Inverters Market

7.4.6. Rest of Asia Pacific PV Inverters Market

7.5. Latin America PV Inverters Market Snapshot

7.5.1. Brazil PV Inverters Market

7.5.2. Mexico PV Inverters Market

7.6. Rest of The World PV Inverters Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies

8.2. Company Profiles

8.2.1. ABB

8.2.1.1. Key Information

8.2.1.2. Overview

8.2.1.3. Financial (Subject to Data Availability)

8.2.1.4. End-Use Summary

8.2.1.5. Recent Developments

8.2.2. SMA Solar Technolgy AG

8.2.3. SunPower Corporation

8.2.4. Delta Electronics, Inc.

8.2.5. Siemens AG

8.2.6. Omron Corporation

8.2.7. Eaton Corporation Inc.

8.2.8. Emerson Electric Co.

8.2.9. Power Electronics

8.2.10. Hitachi Hi-Rel Power Electronics Pvt. Ltd.

Chapter 9. Research Process

9.1. Research Process

9.1.1. Data Mining

9.1.2. Analysis

9.1.3. Market Estimation

9.1.4. Validation

9.1.5. Publishing

9.2. Research Attributes

9.3. Research Assumption

TABLE 1. GLOBAL PV INVERTERS MARKET, REPORT SCOPE

TABLE 2. GLOBAL PV INVERTERS MARKET ESTIMATES & FORECASTS BY REGION 2017-2027 (USD BILLION)

TABLE 3. GLOBAL PV INVERTERS MARKET ESTIMATES & FORECASTS BY PRODUCT 2017-2027 (USD BILLION)

TABLE 4. GLOBAL PV INVERTERS MARKET ESTIMATES & FORECASTS BY END-USE 2017-2027 (USD BILLION)

TABLE 5. GLOBAL PV INVERTERS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 6. GLOBAL PV INVERTERS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 7. GLOBAL PV INVERTERS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 8. GLOBAL PV INVERTERS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 9. GLOBAL PV INVERTERS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 10. GLOBAL PV INVERTERS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 11. GLOBAL PV INVERTERS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 12. GLOBAL PV INVERTERS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 13. GLOBAL PV INVERTERS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 14. GLOBAL PV INVERTERS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 15. GLOBAL PV INVERTERS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 16. GLOBAL PV INVERTERS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 17. GLOBAL PV INVERTERS MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 18. GLOBAL PV INVERTERS MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 19. U.S. PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 20. U.S. PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 21. U.S. PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 22. CANADA PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 23. CANADA PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 24. CANADA PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 25. UK PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 26. UK PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 27. UK PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 28. GERMANY PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 29. GERMANY PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 30. GERMANY PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 31. ROE PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 32. ROE PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 33. ROE PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 34. CHINA PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 35. CHINA PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 36. CHINA PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 37. INDIA PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 38. INDIA PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 39. INDIA PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 40. JAPAN PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 41. JAPAN PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 42. JAPAN PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 43. ROAPAC PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 44. ROAPAC PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 45. ROAPAC PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 46. BRAZIL PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 47. BRAZIL PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 48. BRAZIL PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 49. MEXICO PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 50. MEXICO PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 51. MEXICO PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 52. ROLA PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 53. ROLA PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 54. ROLA PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 55. ROW PV INVERTERS MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)

TABLE 56. ROW PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 57. ROW PV INVERTERS MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)

TABLE 58. LIST OF SECONDARY SOURCES, USED IN THE STUDY OF GLOBAL PV INVERTERS MARKET

TABLE 59. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF GLOBAL PV INVERTERS MARKET

TABLE 60. YEARS CONSIDERED FOR THE STUDY

TABLE 61. EXCHANGE RATES CONSIDERED

 
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