- January 22, 2020
- Category: Energy and Power, Power Generation and Storage
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
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 220.127.116.11. Product breakdown estimates & forecasts, 2017-2027 18.104.22.168. 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 22.214.171.124. Key Information 126.96.36.199. Overview 188.8.131.52. Financial (Subject to Data Availability) 184.108.40.206. End-Use Summary 220.127.116.11. 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
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:
SMA Solar Technolgy AG
Delta Electronics, Inc.
Eaton Corporation Inc.
Emerson Electric Co
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:
Commercial & Industrial
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
Value-Added Resellers (VARs)
Third-party knowledge providers