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Photovoltaic (PV) Inverters - Global Market Trajectory & Analytics

  • ID: 2255365
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Ltd.
  • Enphase Energy Inc.
  • KACO new energy GmbH
  • Sineng
  • SMA Solar Technology AG
  • Sungrow Power Supply
  • MORE
Global Photovoltaic (PV) Inverters Market to Reach $8.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Photovoltaic (PV) Inverters estimated at US$5.7 Billion in the year 2020, is projected to reach a revised size of US$8.9 Billion by 2027, growing at a CAGR of 6.8% over the period 2020-2027. Single Phase, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Three Phase segment is readjusted to a revised 6.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 10.3% CAGR

The Photovoltaic (PV) Inverters market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 10.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Select Competitors (Total 154 Featured):
  • ABB Ltd.
  • Elettronica Santerno S.p.A
  • Enphase Energy Inc.
  • Fronius International GmbH
  • Ingeteam Corporacion, S.A.
  • KACO new energy GmbH
  • Sineng
  • SMA Solar Technology AG
  • Sungrow Power Supply
  • TMEIC
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Enphase Energy Inc.
  • KACO new energy GmbH
  • Sineng
  • SMA Solar Technology AG
  • Sungrow Power Supply
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Photovoltaic Energy & Inverters: A Primer
  • Recent Market Activity
  • Outlook
  • Demand by End-Use
  • Competition
  • Asian Companies Gain Share from European Counterparts
  • Power Supplies and UPS Vendors Latch onto PV Inverter Success
  • Solar Energy Demand Metrics
  • Aging PV Systems Power Replacement Demand
  • Changing Market Dynamics Impact Prices of PV Inverters
  • Tariff Charges Could Trip PV Installation Growth
  • Asia and the US Emerge as New Nerve Centers for Photovoltaic Inverters Market
  • Technological Advancements Power Next Generation Solar Power Inverters
  • Demand on Rise for 'Smart' PV Inverters
  • Rise of Virtual Power Plants Propel Smart Inverters Market
  • Micro Inverters Gain Edge
  • Reliable, Continuous Power Supply Propel String Inverter Market Growth
  • Demand on Rise for Small 3-Phase String and Megawatt PV Inverters
  • Manufacturers Roll out More 1,500V Inverters
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ABB Ltd. (Switzerland)
  • Chint Power Systems America (USA)
  • Darfon Electronics Corp. (Taiwan)
  • Delta Energy Systems, Inc. (Australia)
  • Eaton Corporation Plc (Ireland)
  • Elettronica Santerno S.p.A. (Italy)
  • Enphase Energy (USA)
  • Fronius International GmbH (Austria)
  • Fuji Electric Europe GmbH (Germany)
  • GE Power (USA)
  • Ginlong Technologies (China)
  • Growatt New Energy Technology Co., Ltd. (China)
  • Huawei Technologies Co. Ltd. (China)
  • Ingeteam Corporacion, S.A. (Spain)
  • KACO new energy, Inc. (USA)
  • Mitsubishi Electric (Japan)
  • SolarEdge Technologies, Inc. (Israel)
  • Schneider Electric SE (France)
  • Sineng Electric Co., Ltd. (China)
  • TBEA Xinjiang Sunoasis Co., Ltd. (TBEA Sunoasis Co., Ltd.) (China)
  • SMA Solar Technology AG (Germany)
  • Sungrow Power Supply Co., Ltd (China)
  • TMEIC Corporation (Japan)
3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 154
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Elettronica Santerno S.p.A
  • Enphase Energy Inc.
  • Fronius International GmbH
  • Ingeteam Corporacion, S.A.
  • KACO new energy GmbH
  • Sineng
  • SMA Solar Technology AG
  • Sungrow Power Supply
  • TMEIC
Note: Product cover images may vary from those shown
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