A solar inverter, or converter or PV inverter, converts the variable direct current (DC) output of a photovoltaic (PV) solar panel into a utility frequency alternating current (AC) that can be fed into a commercial electrical grid or used by a local, off-grid electrical network. It is a critical balance of system (BOS)Ðcomponent in a photovoltaic system, allowing the use of ordinary AC-powered equipment. Solar power inverters have special functions adapted for use with photovoltaic arrays, including maximum power point tracking and anti-islanding protection. According to Gen Consulting Company, global PV inverter market is projected to grow at a CAGR of 15.88% during the forecast period 2020-2026.
The report offers a breakdown of market shares by application, including Ground Mounted PV, Rooftop PV. Based on project type, the market for PV inverter is segmented into Utility, Commercial, Residential. By application, the PV inverter market is classified into Ground Mounted PV, Rooftop PV. On the basis of region, the PV inverter industry is analyzed across North America, Europe, Asia-Pacific, South America and MEA (the Middle East, and Africa).
- Ground Mounted PV
- Rooftop PV
By Project Type:
- Ground Mounted PV
- Rooftop PV
By region, the market is analyzed across North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at global, regional & country level from 2020 to 2026.
- North America (U.S., Canada, Mexico, etc.)
- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)
The market research report covers the analysis of key stake holders of the PV inverter market. Some of the leading players profiled in the report include:
- Huawei Technologies Co., Ltd.
- Sungrow Power Supply Co., Ltd.
- SMA Solar Technology AG
- Power Electronics S.L.
- Fimer Spa
- Sineng Electric Co., Ltd.
- SolarEdge Technologies, Inc.
- Shenzhen Growatt New Energy Technology Co., Ltd.
- Jiangsu GoodWe Power Supply Technology Co., Ltd.
- Kehua Hengsheng Co., Ltd.
*list is not exhaustive, request free sample to get a complete list of companies
The base year of the study is 2019, and forecasts run up to 2026.
- To analyze and forecast the market size of global PV inverter market.
- To classify and forecast global PV inverter market based on application, project type, application.
- To identify drivers and challenges for global PV inverter market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in global PV inverter market.
- To conduct pricing analysis for global PV inverter market.
- To identify and analyze the profile of leading players operating in global PV inverter market.
The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:
- Manufacturers of PV inverter
- Raw material suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to PV inverter
Part 1. Introduction
1.1 Market Definition
1.2 Key Benefit
1.3 Market Segment
Part 2. Methodology
Part 3. Executive Summary
Part 4. Market Overview
4.2 Market Size and Forecast
4.3 Market Dynamics
4.4 Impact of COVID-19 Pandemic on Global Economy
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products and Services
4.5.5 Degree of Competition
Part 5. Global Market for PV Inverter by Application
5.1 Market Overview
5.2 Ground Mounted PV
5.2.1 Market Size and Forecast
5.3 Rooftop PV
5.3.1 Market Size and Forecast
Part 6. Global Market for PV Inverter by Project Type
6.1 Market Overview
6.2.1 Market Size and Forecast
6.3.1 Market Size and Forecast
6.4.1 Market Size and Forecast
Part 7. Global Market for PV Inverter by Application
7.1 Market Overview
7.2 Ground Mounted PV
7.2.1 Market Size and Forecast
7.3 Rooftop PV
7.3.1 Market Size and Forecast
Part 8. Global Market for PV Inverter by Geography
8.1.1 Market Size and Forecast
8.2 North America
8.2.1 Market Size and Forecast
8.2.2 North America: PV Inverter Market by Country
220.127.116.11 United States
8.3.1 Market Size and Forecast
8.3.2 Europe: PV Inverter Market by Country
18.104.22.168 United Kingdom
22.214.171.124 Rest of The Europe
8.4.1 Market Size and Forecast
8.4.2 Asia-Pacific: PV Inverter Market by Country
126.96.36.199 South Korea
188.8.131.52 ASEAN Countries
8.5 Middle East and Africa (MEA)
8.5.1 Market Size and Forecast
8.5.2 MEA: PV Inverter Market by Country
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
8.6 South America
8.6.1 Market Size and Forecast
8.6.2 South America: PV Inverter Market by Country
18.104.22.168 Rest of South America
Part 9. Competitive Landscape
9.1 Market Share
9.2 Mergers & Acquisitions, Agreements, Collaborations and Partnerships
Part 10. Key Competitor Profiles
10.1 Huawei Technologies Co., Ltd.
10.2 Sungrow Power Supply Co., Ltd.
10.3 SMA Solar Technology AG
10.4 Power Electronics S.L.
10.5 Fimer Spa
10.6 Sineng Electric Co., Ltd.
10.7 SolarEdge Technologies, Inc.
10.8 Shenzhen Growatt New Energy Technology Co., Ltd.
10.9 Jiangsu GoodWe Power Supply Technology Co., Ltd.
10.10 Kehua Hengsheng Co., Ltd.
*LIST IS NOT EXHAUSTIVE
Part 11. Patent Analysis
11.1 Patent Statistics
11.2 Regional Analysis
11.3 Trends Analysis
ABOUT GEN CONSULTING COMPANY
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.