Global Solar Inverter Market Analysis, 2020

Global Solar Inverter Market Analysis, 2020

By Technology (Central Inverter, String Inverter, Micro Inverter), By Application (Utility Scale, Residential Scale, Small Commercial Scale, Large Commercial Scale, Industrial Scale), By Voltage (Auto Read more

  • Energy
  • Jul 2020
  • 182
  • EN77016

Global Solar Inverter Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Solar Inverter market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.

Countries across the world today are actively focusing on attaining sustainable energy solutions. Due to this reason, solar inverters are gaining traction day by day. The growth of solar inverters is associated with the rising number of solar power system installations and. Due to rapid urbanization, escalating population, advancement in infrastructure development, and enhanced access to electricity, it is expected that the global electricity demand will rise gradually in the forthcoming years. The global electricity generation capacity from solar energy is expected to reach 3,300 TWh by 2030, according to the International Energy Agency. Power generation sources such as thermal energy, gas, and diesel contribute largely to carbon emission. Moreover, amplifying concerns over increasing degree of global warming and focusing on less dependence on fossil-fuel-based power generation have led to a rise in the adoption of solar energy sources to fulfil the energy demand.

 
According to MarkNtel Advisors’ research report titled “Global Solar Inverter Market Analysis, 2020”, the Global Solar Inverter market is anticipated to grow at a CAGR of around 15.25% during 2020-25. However, the high operation and maintenance costs of solar inverters is expected to curtail the growth of the market during 2020-25.

Various Initiatives by Countries to Propel the Solar Power Generation
Many experts in various countries such as Italy, India, and Germany are focusing on stimulating the use of solar energy sources to meet the country’s energy demand. For instance, the Italian government has plans to achieve 50 GW of solar power generation capacity by the end of 2030 with which it aims to increase the share of renewable energy in the country’s total power generation. According to the U.S Department of Energy, the solar industry has made rapid progress toward the 2020 targets, Solar Energy Technologies Office (SETO) dedicated to reaching new cost targets for the upcoming decade, which supports greater energy affordability by cutting the cost of solar electricity an additional 50% between 2020 and 2030. The SunShot 2030 targets are USD 0.05 per kilowatt-hour for residential PV, USD 0.04 per kilowatt-hour for commercial PV, USD 0.03 per kilowatt-hour for utility-scale PV.

 
Central Inverter Acquired the Major Market Share
The central inverter segment held the majority of the market share in 2019 as central inverters in the whole solar panel system are connected in series through which the DC power is converted into AC with the help of solar converters. The main application of central inverters is in the large-scale industries. The rising demand from various industries for solar energy is increasing the demand for solar inverters as stated in the MarkNtel Advisors’ research report “Global Solar Inverter Market Analysis, 2020”.  

According to MarkNtel Advisors, the key players with a considerable market share in the Global AI in the Solar Inverter market include Huawei Technologies, Schneider Electric, Siemens AG, General Electric Company, ABB Ltd., SMA Solar Technology, Delta Energy, Mitsubishi Electric Corporation, Kstar New Energy Company, Omron Technologies, etc.

Key Questions Answered in the Market Research Report 

  1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Solar Inverter Market?
  2. What are the region wise industry size, growth drivers and challenges key market trends?
  3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Solar Inverter Market?  
  4. Who are the key competitors or market players and how they perform in Global Solar Inverter Market on the basis of competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the course of Global Solar Inverter Market study?   

Market Outlook, Segmentation and Statistics 

  • Market Size & Analysis
    • By Units Sold
    • By Revenues (USD Million)
  • Market Share & Analysis
    • By Technology 
      • Central Inverter
      • String Inverter
      • Micro Inverter
    • By Voltage
      • Automotive
      • <1,000 V
      • 1,000-1,499 V
      • >1,500 V
    • By Application
      • Utility Scale
      • Residential Scale
      • Small Commercial Scale
      • Large Commercial Scale
      • Industrial Scale
    • By System Type
      • On-Grid
      • Off-Grid
    • By Region
      • North America
        • The US Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • Canada Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • Mexico Solar Inverter Market Outlook, 2015-2025F (USD Million)
      • South America
        • Brazil Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • Argentina Solar Inverter Market Outlook, 2015-2025F (USD Million)
      • Europe
        • The UK Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • Germany Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • France Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • Italy Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • Spain Solar Inverter Market Outlook, 2015-2025F (USD Million
      • Asia-Pacific
        • China Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • India Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • Japan Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • Australia Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • South Korea Solar Inverter Market Outlook, 2015-2025F (USD Million)
      • Middle East & Africa
        • UAE Solar Inverter Market Outlook, 2015-2025F (USD Million)
        • Saudi Arabia Solar Inverter Market Outlook, 2015-2025F (USD Million)
  • By Company
    • Revenue Shares
    • Strategic Factorial Indexing
    • Competitor Placement in MarkNtel Quadrant
    Global Solar Inverter Market Policies, Regulations, Product Standard
  • Global Solar Inverter Market Hotspots & Opportunities
  • Competition Outlook
    • Competitor Wise Growth Strategies
    • Company Profiles

Frequently Asked Questions 

Q. What is the historical year, base year and forecast year considered in the research report on Global Solar Inverter Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.

Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million. 

Q. What would be the growth rate or CAGR of Global Solar Inverter Market during 2020-25?
A. The growth rate of Global Solar Inverter Market during 2020-25 is forecast to be around %.

Q. Who are the key competitors or players operating in Global Solar Inverter Market? 
A. Huawei Technologies, Schneider Electric, Siemens AG, General Electric Company, ABB Ltd., SMA Solar Technology, Delta Energy, Mitsubishi Electric Corporation, Kstar New Energy Company, Omron Technologies, etc are few of the leading players in the Global Solar Inverter Market.

Q. Which technology segment would emerge as an opportunity area for players in Global Solar Inverter Market?
A. Central inverter technology segment application segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.

Q. Which region would emerge as an opportunity area for players in Global Solar Inverter Market?
A. The Asia-Pacific region grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Solar Inverter Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Glossary
    4. Market Segmentation
  2. Executive Summary
  3. Expert Verbatim- Interview Excerpts of 10 industry experts
  4. Impact of COVID-19 on Global Solar Inverter Market
  5. Global Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
        1. Central Inverter
        2. String Inverter
        3. Micro Inverter
      2. By Voltage
        1. Automotive
        2. <1,000 V
        3. 1,000-1,499 V
        4. >1,500 V
      3. By Application
        1. Utility Scale
        2. Residential Scale
        3. Small Commercial Scale
        4. Large Commercial Scale
        5. Industrial Scale
      4. By System Type
        1. On-Grid
        2. Off-Grid
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia-Pacific
        5. Middle East & Africa
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  6. North America Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
      5. By Country
        1. US
        2. Canada
        3. Mexico
    3. US Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
    4. Canada Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
    5. Mexico Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
  7. South America Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
      5. By Country
        1. Brazil
        2. Argentina
        3. Others
    3. Brazil Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
    4. Argentina Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
  8. Europe Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
      5. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Others
    3. UK Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
    4. Germany Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
    5. France Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
    6. Italy Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
    7. Spain Solar Inverter Market Outlook, 2015-2025F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
      2. Market Share & Analysis
        1. By Technology
        2. By Voltage
        3. By Application
        4. By System Type
  9. Asia-Pacific Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
  10. Market Share & Analysis
    1. By Technology
    2. By Voltage
    3. By Application
    4. By System Type
    5. By Country
      1. China
      2. India
      3. Japan
      4. Australia
      5. South Korea
      6. Others
  11. China Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
  12. India Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
  13. Japan Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
  14. Australia Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
  15. South Korea Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
  16. Middle East and Africa Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
      5. By Country
        1. UAE
        2. Saudi Arabia
        3. Others
  17. UAE Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
  18. Saudi Arabia Solar Inverter Market Outlook, 2015-2025F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Technology
      2. By Voltage
      3. By Application
      4. By System Type
  19. Global Solar Inverter Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  20. Global Solar Inverter Regulations, Product Standards
  21. Global Solar Inverter Value Chain Analysis
  22. Global Solar Inverter Intellectual Property Rights Analysis
  23. Global Solar Inverter Hotspots & Opportunities
  24. Competition Outlook
    1. Competitor Wise Growth Strategies
      1. Product Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Research & Development
      5. Strategic Alliances & Initiatives
    2. Company Profiles
      1. Huawei Technologies
      2. Schneider Electric
      3. Siemens AG
      4. General Electric Company
      5. ABB Ltd.
      6. SMA Solar Technology
      7. Delta Energy
      8. Mitsubishi Electric Corporation
      9. Kstar New Energy Company
      10. Omron Technologies
  25. Disclaimer
Global Solar Inverter Market Segmentation