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Asia Pacific Solar PV Inverters Market Forecast to 2030 -Regional Analysis- Product Image
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Asia Pacific Solar PV Inverters Market Forecast to 2030 -Regional Analysis

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  • 174 Pages
  • June 2023
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5887977
UP TO OFF until Jun 30th 2024
Description Jump to:
The Asia Pacific solar PV inverters market is expected to grow from US$ 5,764.75 million in 2023 to US$ 8,262.21 million by 2030; it is estimated to grow at a CAGR of 5.3% from 2023 to 2030.

Growing Residential Solar Rooftop Installations

Residential solar solutions can provide free, uninterrupted electricity for years while contributing to a greener environment. Residential solar rooftop systems are easy to install and require minimal maintenance. The electricity produced in excess can be sold to the grid through a net-metering facility, which help in reducing the electricity bills. With depleting fossil fuel reserves, accelerated environmental degradation, and pressure on the power generation infrastructure, several governments have taken various steps in the form of subsidies to accelerate the adoption of solar energy by providing residential solar solutions.

Residential solar power had its largest quarter in the history with 1.2 GW installed - a 30% increase year-over-year. As businesses realize the financial and environmental benefits of going solar, rooftop solar power witnessed nearly 13% of cumulative solar installation in India. Tata Power Solar company emerged as the top solar rooftop installer in India in 2020 accounting for 20% of the total rooftop installations in the country, according to Mercom's India Solar Market Leaderboard 2021. Therefore, the growing residential solar rooftop installations support the solar PV inverters market growth.

Asia Pacific Solar PV Inverters Market Overview

Asia Pacific, accounting for over half of the global population, is the largest producer and consumer of power in the world. China is showcasing its commitment to renewable energy. As per China's National Energy Administration, the country installed over ~48 GW of PV capacity in 2020. This PV capacity helps China maintain its leading position in the world, representing 33% of total global installations. The declining dominance of China in the global PV capacity market coincides with a record number of new countries installing a significant number of PV inverters. Most PV products or solar panels are installed in remote areas at huge solar farms that sell the generated energy to utilities. Satellite imagery showcases an upsurge in these large solar farms across China. The country’s drastic increase in solar power stems from the nation's need for electricity and the severe air pollution crisis. The government of China is encouraging financial institutions to provide incentives for solar installations.

Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Solar PV Inverters Market Segmentation

The Asia Pacific solar PV inverters market is segmented based on product type, phase, connectivity, application, capacity, and country. Based on product type, the Asia Pacific solar PV inverters market is segmented into string, micro, and central. The central segment held the largest market share in 2023.

Based on phase, the Asia Pacific solar PV inverters market is bifurcated into single phase and three phase. The three phase segment held a larger market share in 2023.

Based on connectivity, the Asia Pacific solar PV inverters market is bifurcated into standalone and on-grid. The standalone segment held a larger market share in 2023.

Based on application, the Asia Pacific solar PV inverters market is segmented into residential and community, commercial and industrial, and utility. The utility segment held the largest market share in 2023.

Based on capacity, the Asia Pacific solar PV inverters market is segmented into b5 kW, 5-15 kW, 15 -25 kW, 25 - 50 kW, and above 50 kW. The above 50 kW segment held the largest market share in 2023.

Based on country, the Asia Pacific solar PV inverters market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific solar PV inverters market share in 2023.

Power Electronics SL; Powerone Micro Systems Pvt Ltd.; Sineng Electric o Ltd.; SMA Solar Technology AG; Solaredge Technologies Inc; Hitachi Hi-Rel Power Electronics Pvt Ltd; Fimer SpA; Delta Electronics Inc.; EnerTech UPS Pvt Ltd; and GoodWe Technologies Co. Ltd are the leading companies operating in the Asia Pacific solar PV inverters market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Solar PV inverters Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Solar inverters Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Residential Solar Rooftop Installations
5.1.2 Rising Number of Solar Installations Attributed to Government-led Incentives and Schemes
5.2 Market Restraints
5.2.1 Safety Risks Associated with High DC Voltages in Solar Inverters
5.3 Market Opportunities
5.3.1 Increasing Investments in Renewable Energy Sector
5.4 Future Trends
5.4.1 Technological Innovations in Smart Inverters
5.5 Impact Analysis of Drivers and Restraints
6. Solar PV Inverters Market- Asia Pacific Market Analysis
6.1 Asia Pacific Solar PV Inverters Market Overview
6.2 Asia Pacific Solar inverters Market Revenue Forecast and Analysis
7. Asia Pacific Solar PV Inverters Market Analysis - By Product Type
7.1 Overview
7.2 Solar PV Inverters Market Breakdown, By Product Type, 2022 and 2030
7.3 Central
7.3.1 Overview
7.3.2 Central: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
7.4 String
7.4.1 Overview
7.4.2 String: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
7.5 Micro
7.5.1 Overview
7.5.2 Micro: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Solar PV Inverters Market Analysis - By Connectivity
8.1 Overview
8.2 Solar PV Inverters Market Breakdown, By Connectivity, 2022 and 2030
8.3 On-Grid
8.3.1 Overview
8.3.2 On-Grid: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
8.4 Standalone
8.4.1 Overview
8.4.2 Standalone: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Solar PV Inverters Market Analysis - By Phase
9.1 Overview
9.2 Solar PV Inverters Market Breakdown, By Phase, 2022 and 2030
9.3 Single Phase
9.3.1 Overview
9.3.2 Single Phase: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
9.4 Three Phase
9.4.1 Overview
9.4.2 Three Phase: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Solar PV Inverters Market Analysis - By Capacity
10.1 Overview
10.2 Solar PV Inverters Market Breakdown, By Capacity, 2022 and 2030
10.3 Below 5kW
10.3.1 Overview
10.3.2 Below 5kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10.4 5-15 kW
10.4.1 Overview
10.4.2 5-15 kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10.5-25 kW
10.5.1 Overview
10.5.2-25 kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10.6-50 kW
10.6.1 Overview
10.6.2-50 kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
10.7 Above 50 kW
10.7.1 Overview
10.7.2 Above 50kW: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11. Asia Pacific Solar PV Inverters Market Analysis - By Application
11.1 Overview
11.2 Solar PV Inverters Market Breakdown, By Application (2022 and 2030)
11.3 Residential and Community
11.3.1 Overview
11.3.2 Residential and Community: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.3.2.1 Below 5kW Market
11.3.2.1.1 Overview
11.3.2.1.2 Below 5kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.3.2.2 5-15 KW Market
11.3.2.2.1 Overview
11.3.2.2.2 5-15kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4 Commercial and Industrial
11.4.1 Overview
11.4.2 Commercial and Industrial: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.1 Below 5kW Market
11.4.2.1.1 Overview
11.4.2.1.2 Below 5kW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.2 5-15 KW Market
11.4.2.2.1 Overview
11.4.2.2.2 5-15 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.3-25 kW Market
11.4.2.3.1 Overview
11.4.2.3.2-25 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.4-50 kW Market
11.4.2.4.1 Overview
11.4.2.4.2-50 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.4.2.5 Above 50kW Market
11.4.2.5.1 Overview
11.4.2.5.2 Above 50KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.5 Utility
11.5.1 Overview
11.5.2 Utility: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.5.2.1-50 kW Market
11.5.2.1.1 Overview
11.5.2.1.2-50 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
11.5.2.2 Above 50kW Market
11.5.2.2.1 Overview
11.5.2.2.2 Above 50 KW Market: Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
12. Asia Pacific Solar PV Inverters Market - by Country Analysis
12.1 Asia Pacific: Solar PV Inverters Market
12.1.1 Asia Pacific: Solar PV Inverters Market, by Key Country
12.1.1.1 Australia: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
12.1.1.1.1 Australia: Solar PV Inverters Market, By Product Type
12.1.1.1.2 Australia: Solar PV Inverters Market, By Phase
12.1.1.1.3 Australia: Solar PV Inverters Market, By Connectivity
12.1.1.1.4 Australia: Solar PV Inverters Market, By Application
12.1.1.1.5 Australia: Solar PV Inverters Market, By Capacity
12.1.1.2 China: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
12.1.1.2.1 China: Solar PV Inverters Market, By Product Type
12.1.1.2.2 China: Solar PV Inverters Market, By Phase
12.1.1.2.3 China: Solar PV Inverters Market, By Connectivity
12.1.1.2.4 China: Solar PV Inverters Market, By Application
12.1.1.2.5 China: Solar PV Inverters Market, By Capacity
12.1.1.3 India: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
12.1.1.3.1 India: Solar PV Inverters Market, By Product Type
12.1.1.3.2 India: Solar PV Inverters Market, By Phase
12.1.1.3.3 India: Solar PV Inverters Market, By Connectivity
12.1.1.3.4 India: Solar PV Inverters Market, By Application
12.1.1.3.5 India: Solar PV Inverters Market, By Capacity
12.1.1.4 Japan: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
12.1.1.4.1 Japan: Solar PV Inverters Market, By Product Type
12.1.1.4.2 Japan: Solar PV Inverters Market, By Phase
12.1.1.4.3 Japan: Solar PV Inverters Market, By Connectivity
12.1.1.4.4 Japan: Solar PV Inverters Market, By Application
12.1.1.4.5 Japan: Solar PV Inverters Market, By Capacity
12.1.1.5 South Korea: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
12.1.1.5.1 South Korea: Solar PV Inverters Market, By Product Type
12.1.1.5.2 South Korea: Solar PV Inverters Market, By Phase
12.1.1.5.3 South Korea: Solar PV Inverters Market, By Connectivity
12.1.1.5.4 South Korea: Solar PV Inverters Market, By Application
12.1.1.5.5 South Korea: Solar PV Inverters Market, By Capacity
12.1.1.6 Rest of Asia Pacific: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
12.1.1.6.1 Rest of Asia Pacific: Solar PV Inverters Market, By Product Type
12.1.1.6.2 Rest of Asia Pacific: Solar PV Inverters Market, By Phase
12.1.1.6.3 Rest of Asia Pacific: Solar PV Inverters Market, By Connectivity
12.1.1.6.4 Rest of Asia Pacific: Solar PV Inverters Market, By Application
12.1.1.6.5 Rest of Asia Pacific: Solar PV Inverters Market, By Capacity
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions
14. Company Profiles
14.1 Power Electronics SL
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Powerone Micro Systems Pvt.Ltd
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Sineng Electric Co Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 SMA Solar Technology AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Solaredge Technologies Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Hitachi Hi-Rel Power Electronics Pvt Ltd
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Fimer SpA
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Delta Electronics Inc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 EnerTech UPS Pvt Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 GoodWe Technologies Co Ltd
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Publisher
15.2 Word Index
List of Tables
Table 1. Asia Pacific Solar inverters Market Revenue Forecast and Forecast to 2030 (US$ Million)
Table 2. Australia: Solar PV Inverters Market, By Product Type - Revenue and Forecast to 2030 (US$ Million)
Table 3. Australia: Solar PV Inverters Market, By Phase - Revenue and Forecast to 2030 (US$ Million)
Table 4. Australia: Solar PV Inverters Market, By Connectivity - Revenue and Forecast to 2030 (US$ Million)
Table 5. Australia: Solar PV Inverters Market, By Application - Revenue and Forecast to 2030 (US$ Million)
Table 6. Australia: Solar PV Inverters Market, By Capacity - Revenue and Forecast to 2030 (US$ Million)
Table 7. China: Solar PV Inverters Market, By Product Type - Revenue and Forecast to 2030 (US$ Million)
Table 8. China: Solar PV Inverters Market, By Phase - Revenue and Forecast to 2030 (US$ Million)
Table 9. China: Solar PV Inverters Market, By Connectivity - Revenue and Forecast to 2030 (US$ Million)
Table 10. China: Solar PV Inverters Market, By Application - Revenue and Forecast to 2030 (US$ Million)
Table 11. China: Solar PV Inverters Market, By Capacity - Revenue and Forecast to 2030 (US$ Million)
Table 12. India: Solar PV Inverters Market, By Product Type - Revenue and Forecast to 2030 (US$ Million)
Table 13. India: Solar PV Inverters Market, By Phase - Revenue and Forecast to 2030 (US$ Million)
Table 14. India: Solar PV Inverters Market, By Connectivity - Revenue and Forecast to 2030 (US$ Million)
Table 15. India: Solar PV Inverters Market, By Application - Revenue and Forecast to 2030 (US$ Million)
Table 16. India: Solar PV Inverters Market, By Capacity - Revenue and Forecast to 2030 (US$ Million)
Table 17. Japan: Solar PV Inverters Market, By Product Type - Revenue and Forecast to 2030 (US$ Million)
Table 18. Japan: Solar PV Inverters Market, By Phase - Revenue and Forecast to 2030 (US$ Million)
Table 19. Japan: Solar PV Inverters Market, By Connectivity - Revenue and Forecast to 2030 (US$ Million)
Table 20. Japan: Solar PV Inverters Market, By Application - Revenue and Forecast to 2030 (US$ Million)
Table 21. Japan: Solar PV Inverters Market, By Capacity - Revenue and Forecast to 2030 (US$ Million)
Table 22. South Korea: Solar PV Inverters Market, By Product Type - Revenue and Forecast to 2030 (US$ Million)
Table 23. South Korea: Solar PV Inverters Market, By Phase - Revenue and Forecast to 2030 (US$ Million)
Table 24. South Korea: Solar PV Inverters Market, By Connectivity - Revenue and Forecast to 2030 (US$ Million)
Table 25. South Korea: Solar PV Inverters Market, By Application - Revenue and Forecast to 2030 (US$ Million)
Table 26. South Korea: Solar PV Inverters Market, By Capacity - Revenue and Forecast to 2030 (US$ Million)
Table 27. Rest of Asia Pacific: Solar PV Inverters Market, By Product Type - Revenue and Forecast to 2030 (US$ Million)
Table 28. Rest of Asia Pacific: Solar PV Inverters Market, By Phase - Revenue and Forecast to 2030 (US$ Million)
Table 29. Rest of Asia Pacific: Solar PV Inverters Market, By Connectivity - Revenue and Forecast to 2030 (US$ Million)
Table 30. Rest of Asia Pacific: Solar PV Inverters Market, By Application - Revenue and Forecast to 2030 (US$ Million)
Table 31. Rest of Asia Pacific: Solar PV Inverters Market, By Capacity - Revenue and Forecast to 2030 (US$ Million)
Table 32. List of Abbreviation
List of Figure
Figure 1. Asia Pacific Solar PV Inverters Market Segmentation
Figure 2. Asia Pacific Solar PV Inverters Market Segmentation - By Country
Figure 3. Asia Pacific Solar PV Inverters Market Overview
Figure 4. Asia Pacific Solar PV Inverters Market, by Product Type
Figure 5. Asia Pacific Solar PV Inverters Market, by Phase
Figure 6. Asia Pacific Solar PV Inverters Market, by Country
Figure 7. Asia Pacific: PEST Analysis
Figure 8. Asia Pacific Solar inverters Market- Ecosystem Analysis
Figure 9. Asia Pacific Expert Opinion
Figure 10. Asia Pacific Solar (PV) Inverter Market: Impact Analysis of Drivers and Restraints
Figure 11. Asia Pacific Solar inverters Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Asia Pacific Solar PV Inverters Market Revenue Share, By Product Type (2022 and 2030)
Figure 13. Central: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. String: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Micro: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 16. Asia Pacific Solar PV Inverters Market Revenue Share, By Connectivity (2022 and 2030)
Figure 17. On-Grid: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Standalone: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 19. Asia Pacific Solar PV Inverters Market Revenue Share, By Phase (2022 and 2030)
Figure 20. Single Phase: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Three Phase: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 22. Asia Pacific Solar PV Inverters Market Revenue Share, By Capacity (2022 and 2030)
Figure 23. Below 5kW: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 24. 5-15 Kw: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 25.-25 kW: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 26.-50 kW: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 27. Above 50kW: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 28. Asia Pacific Solar PV Inverters Market Revenue Share, By Application (2022 and 2030)
Figure 29. Residential and Community: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 30. Below 5kW Market: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 31. 5-15kW Market: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 32. Commercial and Industrial: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 33. Below 5kW Market: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 34. 5-15kW Market: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 35.-25kW Market: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 36.-50KW Market: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 37. Above 50kW Market: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 38. Utility: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 39.-50KW Market: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 40. Above 50kW Market: Asia Pacific Solar PV Inverters Market Revenue and Forecast to 2030 (US$ Million)
Figure 41. Asia Pacific: Solar PV Inverters Market, by Key Country - Revenue (2022) (US$ Million)
Figure 42. Asia Pacific: Solar PV Inverters Market Revenue Share, by Key Country (2022 and 2030)
Figure 43. Australia: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
Figure 44. China: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
Figure 45. India: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
Figure 46. Japan: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
Figure 47. South Korea: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)
Figure 48. Rest of Asia Pacific: Solar PV Inverters Market - Revenue and Forecast to 2030 (US$ Million)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Power Electronics SL
  • SMA Solar Technology AG
  • Solaredge Technologies Inc
  • Fimer SpA
  • Delta Electronics Inc.
  • EnerTech UPS Pvt Ltd
  • GoodWe Technologies Co. Ltd

Table Information

Report AttributeDetails
No. of Pages174
PublishedJune 2023
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 5764.75 million
Forecasted Market Value ( USD ) by 2030 $ 8262.21 million
Compound Annual Growth Rate5.3%
Regions CoveredAsia Pacific

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About the Solar PV Inverter Market

The Solar PV Inverter market is an integral part of the Solar Power industry. Solar PV Inverters are devices that convert the direct current (DC) electricity generated by solar panels into alternating current (AC) electricity, which is the type of electricity used in homes and businesses. Solar PV Inverters are essential for the efficient operation of solar power systems. The Solar PV Inverter market is highly competitive, with a wide range of products available from a variety of manufacturers. Inverters come in a range of sizes and power ratings, and can be used in both residential and commercial applications. Inverters are also available in both grid-tied and off-grid configurations. The Solar PV Inverter market is expected to continue to grow in the coming years, as more people turn to solar power as an alternative energy source. Some of the major companies in the Solar PV Inverter market include ABB, SMA Solar Technology, Schneider Electric, SolarEdge Technologies, and Fronius International. Show Less Read more

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