According to Stratistics MRC, the PV Inverters is accounted for $7.32 billion in 2017 and is expected to reach $11.26 billion by 2026 growing at a CAGR of 4.9% during the forecast period. One of the major driving factors for this market is growing solar photovoltaic industry. Additionally, the growing demand for energy coupled with regulatory framework that supports clean energy are also driving the market for PV inverters market. However, substitute clean energy technologies such as hydropower are holding back the market in some regions. With the technological development in solar photovoltaic market, PV inverter market is expected to face boom in demand.
A solar inverter or PV inverter is a type of electrical converter which 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.
Based on nominal output power, ? 300 W is estimated to have highest growth during the forecast period. ? 300 W photovoltaic inverter market share is predicted to witness robust growth on account of their deployment favoured by lowering product costs across small-scale solar PV applications. Improving unit efficiencies along with increasing inclination towards operational flexibility will augment the product demand. Furthermore, the growing demand for cost-efficient and cost-effective PV installations in line with increasing off-grid deployment will complement the business outlook. By geography, The U.S. photovoltaic inverter market is anticipated to witness overall industry growth market over the forecast period. Favourable regulatory measures pertaining to energy conservation and positive consumer outlook towards the deployment of sustainable energy will nourish the overall industry growth in North America region.
Some of the key players profiled in the PV inverter market include ABB, Delta Electronics Inc, Eaton, Emerson Electric Co, Hitachi Hi-Rel Power Electronics Pvt Ltd, Omron Corporation, Power Electronics, Siemens AG, SMA Solar Technolgy AG and SunPower Corporation.
Products Covered:
• Central PV inverter
• Micro PV inverter
• String PV inverter
• Other PV inverter
Types Covered:
• Parallel
• Separate
Connectivities Covered:
• Standalone
• On-Grid
• Off-grid
• Battery Backup Inverter
Nominal Output Powers Covered:
• 33,000 - 110,000 W
• > 110,000 W
• 3,000 - 33,000 W
• ? 300 W
• 300 -3,000 W
Nominal Output Voltages Covered:
• > 600 V
• 400 - 600 V
• ? 230 V
• 230 - 400 V
Power Classes Covered:
• Three Phase
• Single Phase
Sales Channels Covered:
• Direct Channel
• Indirect Channel
• PV Inverter Customers
• Distribution Channel
End Users Covered:
• Residential
• Utility
• Industrial
• Commercial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Photovoltaic (PV) Inverters Market, By Product
5.1 Introduction
5.2 Central PV inverter
5.2.1 Transformer Based
5.2.2 Transformer Less
5.3 Micro PV inverter
5.4 String PV inverter
5.5 Other PV inverter
6 Global Photovoltaic (PV) Inverters Market, By Type
6.1 Introduction
6.2 Parallel
6.3 Separate
7 Global Photovoltaic (PV) Inverters Market, By Connectivity
7.1 Introduction
7.2 Standalone
7.3 On-Grid
7.4 Off-grid
7.5 Battery Backup Inverter
8 Global Photovoltaic (PV) Inverters Market, By Nominal Output Power
8.1 Introduction
8.2 33,000 - 110,000 W
8.3 > 110,000 W
8.4 3,000 - 33,000 W
8.5 ? 300 W
8.6 300 -3,000 W
9 Global Photovoltaic (PV) Inverters Market, By Nominal Output Voltage
9.1 Introduction
9.2 > 600 V
9.3 400 - 600 V
9.4 ? 230 V
9.5 230 - 400 V
10 Global Photovoltaic (PV) Inverters Market, By Power Class
10.1 Introduction
10.2 Three Phase
10.2.1 High Power (>99kW)
10.2.2 Low Power (?99 kW)
10.3 Single Phase
11 Global Photovoltaic (PV) Inverters Market, By Sales Channel
11.1 Introduction
11.2 Direct Channel
11.3 Indirect Channel
11.4 PV Inverter Customers
11.5 Distribution Channel
12 Global Photovoltaic (PV) Inverters Market, By End User
12.1 Introduction
12.2 Residential
12.3 Utility
12.4 Industrial
12.4.1 Chemical
12.4.2 Paper
12.4.3 Food Processing
12.5 Commercial
12.5.1 Office
12.5.2 College/University
12.5.3 Government/Military
13 Global Photovoltaic (PV) Inverters Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 ABB
15.2 Delta Electronics, Inc.
15.3 Eaton
15.4 Emerson Electric Co
15.5 Hitachi Hi-Rel Power Electronics Pvt. Ltd.
15.6 Omron Corporation
15.7 Power Electronics
15.8 Siemens AG
15.9 SMA Solar Technolgy AG
15.10 SunPower Corporation
List of Tables
Table 1 Global Photovoltaic (PV) Inverters Market Outlook, By Region (2016-2026) (US $MN)
Table 2 Global Photovoltaic (PV) Inverters Market Outlook, By Product (2016-2026) (US $MN)
Table 3 Global Photovoltaic (PV) Inverters Market Outlook, By Central PV Inverter (2016-2026) (US $MN)
Table 4 Global Photovoltaic (PV) Inverters Market Outlook, By Transformer Based (2016-2026) (US $MN)
Table 5 Global Photovoltaic (PV) Inverters Market Outlook, By Transformer Less (2016-2026) (US $MN)
Table 6 Global Photovoltaic (PV) Inverters Market Outlook, By Micro PV Inverter (2016-2026) (US $MN)
Table 7 Global Photovoltaic (PV) Inverters Market Outlook, By String PV Inverter (2016-2026) (US $MN)
Table 8 Global Photovoltaic (PV) Inverters Market Outlook, By Other PV Inverter (2016-2026) (US $MN)
Table 9 Global Photovoltaic (PV) Inverters Market Outlook, By Type (2016-2026) (US $MN)
Table 10 Global Photovoltaic (PV) Inverters Market Outlook, By Parallel (2016-2026) (US $MN)
Table 11 Global Photovoltaic (PV) Inverters Market Outlook, By Separate (2016-2026) (US $MN)
Table 12 Global Photovoltaic (PV) Inverters Market Outlook, By Connectivity (2016-2026) (US $MN)
Table 13 Global Photovoltaic (PV) Inverters Market Outlook, By Standalone (2016-2026) (US $MN)
Table 14 Global Photovoltaic (PV) Inverters Market Outlook, By On-Grid (2016-2026) (US $MN)
Table 15 Global Photovoltaic (PV) Inverters Market Outlook, By Off-Grid (2016-2026) (US $MN)
Table 16 Global Photovoltaic (PV) Inverters Market Outlook, By Battery Backup Inverter (2016-2026) (US $MN)
Table 17 Global Photovoltaic (PV) Inverters Market Outlook, By Nominal Output Power (2016-2026) (US $MN)
Table 18 Global Photovoltaic (PV) Inverters Market Outlook, By 33,000 - 110,000 W (2016-2026) (US $MN)
Table 19 Global Photovoltaic (PV) Inverters Market Outlook, By > 110,000 W (2016-2026) (US $MN)
Table 20 Global Photovoltaic (PV) Inverters Market Outlook, By 3,000 - 33,000 W (2016-2026) (US $MN)
Table 21 Global Photovoltaic (PV) Inverters Market Outlook, By ? 300 W (2016-2026) (US $MN)
Table 22 Global Photovoltaic (PV) Inverters Market Outlook, By 300 -3,000 W (2016-2026) (US $MN)
Table 23 Global Photovoltaic (PV) Inverters Market Outlook, By Nominal Output Voltage (2016-2026) (US $MN)
Table 24 Global Photovoltaic (PV) Inverters Market Outlook, By > 600 V (2016-2026) (US $MN)
Table 25 Global Photovoltaic (PV) Inverters Market Outlook, By 400 - 600 V (2016-2026) (US $MN)
Table 26 Global Photovoltaic (PV) Inverters Market Outlook, By ? 230 V (2016-2026) (US $MN)
Table 27 Global Photovoltaic (PV) Inverters Market Outlook, By 230 - 400 V (2016-2026) (US $MN)
Table 28 Global Photovoltaic (PV) Inverters Market Outlook, By Power Class (2016-2026) (US $MN)
Table 29 Global Photovoltaic (PV) Inverters Market Outlook, By Three Phase (2016-2026) (US $MN)
Table 30 Global Photovoltaic (PV) Inverters Market Outlook, By High Power (>99kW) (2016-2026) (US $MN)
Table 31 Global Photovoltaic (PV) Inverters Market Outlook, By Low Power (?99 kW) (2016-2026) (US $MN)
Table 32 Global Photovoltaic (PV) Inverters Market Outlook, By Single Phase (2016-2026) (US $MN)
Table 33 Global Photovoltaic (PV) Inverters Market Outlook, By Sales Channel (2016-2026) (US $MN)
Table 34 Global Photovoltaic (PV) Inverters Market Outlook, By Direct Channel (2016-2026) (US $MN)
Table 35 Global Photovoltaic (PV) Inverters Market Outlook, By Indirect Channel (2016-2026) (US $MN)
Table 36 Global Photovoltaic (PV) Inverters Market Outlook, By PV Inverter Customers (2016-2026) (US $MN)
Table 37 Global Photovoltaic (PV) Inverters Market Outlook, By Distribution Channel (2016-2026) (US $MN)
Table 38 Global Photovoltaic (PV) Inverters Market Outlook, By End User (2016-2026) (US $MN)
Table 39 Global Photovoltaic (PV) Inverters Market Outlook, By Residential (2016-2026) (US $MN)
Table 40 Global Photovoltaic (PV) Inverters Market Outlook, By Utility (2016-2026) (US $MN)
Table 41 Global Photovoltaic (PV) Inverters Market Outlook, By Industrial (2016-2026) (US $MN)
Table 42 Global Photovoltaic (PV) Inverters Market Outlook, By Chemical (2016-2026) (US $MN)
Table 43 Global Photovoltaic (PV) Inverters Market Outlook, By Paper (2016-2026) (US $MN)
Table 44 Global Photovoltaic (PV) Inverters Market Outlook, By Food Processing (2016-2026) (US $MN)
Table 45 Global Photovoltaic (PV) Inverters Market Outlook, By Commercial (2016-2026) (US $MN)
Table 46 Global Photovoltaic (PV) Inverters Market Outlook, By Office (2016-2026) (US $MN)
Table 47 Global Photovoltaic (PV) Inverters Market Outlook, By College/University (2016-2026) (US $MN)
Table 48 Global Photovoltaic (PV) Inverters Market Outlook, By Government/Military (2016-2026) (US $MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Cross-segment Market Size and Analysis for
Mentioned Segments
