+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Solar PV Inverters, Update 2019 - Global Market Size, Competitive Landscape, Key Country Analysis, and Forecast to 2023

  • PDF Icon

    Report

  • 221 Pages
  • May 2019
  • Region: Global
  • GlobalData
  • ID: 4787703
Solar PV Inverters, Update 2019 - Global Market Size, Competitive Landscape, Key Country Analysis, and Forecast to 2023

Summary

The global solar PV inverters market witnessed an aggregate market volume of 356.28 GW in the historic period. The market is anticipated to grow in the forecast period, with an aggregate market volume of 434.63 GW. The increasing reliance on renewable energy and governments’ target to reduce the carbon emissions has played a major role in driving the solar PV module and inverters market.

Lucrative government subsidies and long term contractual incentives (FiTs) supported installations of large scale. Globally, the shift from high carbon fossil fuels is expected to further strengthen the market for solar PV modules and related equipment such as solar PV inverters.

In 2013, the market value for solar PV inverters was $7,258.9m. Despite an increase in market volume, the market value declined owing to the reduction in prices of inverters. In 2018, the market value dropped to $5,877.5m. The similar trend is expected to be followed in the forecast period and the market value is expected to reach $3,043.9m in 2023.

The latest report "Solar PV Inverters, Update 2019 - Global Market Size, Competitive Landscape, Key Country Analysis, and Forecast to 2023", offers comprehensive information and understanding of the Solar PV inverters market. The report offers in-depth analysis of Solar PV inverters at global, regional (Asia-Pacific, Americas and Europe, Middle East and Africa) and key country (the US, Canada, Chile, China, India, Japan, the UK, Germany, France and Italy) level.

The report analyses the market for Solar PV inverters for the historical (2014-2018) and forecast (2019-2023) periods. The report includes annual market volume and value by end user segments at global, regional and country levels. It outlines the market drivers and restraints and provides an outlook on key policies and regulatory bodies governing Solar PV sector in covered countries. Moreover, the report provides recent tenders and contracts related to the market and major upcoming Solar PV projects. The report also provides detailed profiles on major manufacturers of solar PV inverters.

Scope

The report analyzes the solar PV inverters market. Its scope includes -
  • Market analysis over the historical (2014-2018) and forecast (2019-2023) periods, with respect to value ($m) and volume (MW) by end user segments in global, regional (Asia-Pacific, Americas and Europe, Middle East and Africa) and key countries (the US, Canada, Chile, China, India, Japan, the UK, Germany, France and Italy) level.

  • Recent tenders and contracts along with upcoming solar PV projects in key countries are also presented in the report. Profiles of the key companies manufacturing solar PV inverters are also presented in the report.

  • Market drivers and restraints along with their impacts and overview of key policies and regulatory bodies governing the solar PV sector are provided.


Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
  • Facilitate decision-making by analyzing historical and forecast data on solar PV inverters market.

  • Develop strategies based on developments in the solar PV sector.

  • Identify key partners and business-development avenues, based on the activities of major competitors in the market.

  • Respond to your competitors’ business structure, strategies and prospects.

Table of Contents

Executive Summary
China is Likely to Lead the Market for Solar PV Inverters in the Forecast Period in Installations
Global Solar PV Inverters Market is Anticipated to Hold an Aggregate Market Value of $20.05bn During the Forecast Period (2019-2023)
Introduction
Solar Photovoltaic Technology
Solar PV Inverters
Application Areas
Advantages of Solar PV Inverters
Report Guidance
Solar PV Inverters, Global
Solar PV Inverters, Global, Market Overview
Solar PV Inverters, Global, Market Drivers and Restraints Analysis
Solar PV Inverters, Global, Market Volume, by End-user Segment, 2013-2023
Solar PV Inverters, Global, Market Value, by End-user Segment, 2013-2023
Solar PV Inverters, Global, Competitive Landscape, 2018
Solar PV Inverters, Americas
Solar PV Inverters, Americas, Market Overview
Solar PV Inverters, Americas, Market Volume, by End-user Segment, 2013-2023
Solar PV Inverters, Americas, Market Value, by End-user Segment, 2013-2023
Solar PV Inverters, US
Solar PV Inverters, US, Market Overview
Solar PV Inverters, US, Key Policies and Initiatives
Solar PV Inverters, US, Market Drivers and Restraints Analysis
Solar PV Inverters, US, Market Size Analysis
Solar PV Inverters, US, Competitive Landscape, 2018
Solar PV Inverters, US, Upcoming Solar PV Projects
Solar PV Inverters, Canada
Solar PV Inverters, Canada, Market Overview
Solar PV Inverters, Canada, Key Policies and Initiatives
Solar PV Inverters, Canada, Market Drivers and Restraints Analysis
Solar PV Inverters, Canada, Market Size Analysis
Solar PV Inverters, Canada, Competitive Landscape, 2018
Solar PV Inverters, Canada, Upcoming Solar PV Projects
Solar PV Inverters, Chile
Solar PV Inverters, Chile, Market Overview
Solar PV Inverters, Chile, Key Policies and Initiatives
Solar PV Inverters, Chile, Market Drivers and Restraints Analysis
Solar PV Inverters, Chile, Market Size Analysis
Solar PV Inverters, Chile, Competitive Landscape, 2018
Solar PV Inverters, Chile, Upcoming Solar PV Projects
Solar PV Inverters, Asia-Pacific
Solar PV Inverters, Asia-Pacific, Market Overview
Solar PV Inverters, Asia-Pacific, Market Volume, by End-user Segment, 2013-2023
Solar PV Inverters, Asia-Pacific, Market Value, by End-user Segment, 2013-2023
Solar PV Inverters, China
Solar PV Inverters, China, Market Overview
Solar PV Inverters, China, Key Policies and Initiatives
Solar PV Inverters, China, Market Drivers and Restraints Analysis
Solar PV Inverters, China, Market Size Analysis
Solar PV Inverters, China, Competitive Landscape, 2018
Solar PV Inverters, China, Upcoming Solar PV Projects
Solar PV Inverters, India
Solar PV Inverters, India, Market Overview
Solar PV Inverters, India, Key Policies and Initiatives
Solar PV Inverters, India, Market Drivers and Restraints Analysis
Solar PV Inverters, India, Market Size Analysis
Solar PV Inverters, India, Competitive Landscape, 2018
Solar PV Inverters, India, Upcoming Solar PV Projects
Solar PV Inverters, Japan
Solar PV Inverters, Japan, Market Overview
Solar PV Inverters, Japan, Key Policies and Initiatives
Solar PV Inverters, Japan, Market Drivers and Restraints Analysis
Solar PV Inverters, Japan, Market Size Analysis
Solar PV Inverters, Japan, Competitive Landscape, 2018
Solar PV Inverters, Japan, Upcoming Solar PV Projects
Solar PV Inverters, Europe, Middle East, Africa (EMEA)
Solar PV Inverters, EMEA, Market Overview
Solar PV Inverters, EMEA, Market Volume, by End-user Segment, 2013-2023
Solar PV Inverters, EMEA, Market Value, by End-user Segment, 2013-2023
Solar PV Inverters, UK
Solar PV Inverters, UK, Market Overview
Solar PV Inverters, UK, Key Policies and Initiatives
Solar PV Inverters, UK, Market Drivers and Restraints Analysis
Solar PV Inverters, UK, Market Size Analysis
Solar PV Inverters, UK, Competitive Landscape, 2018
Solar PV Inverters, UK, Upcoming Solar PV Projects
Solar PV Inverters, Germany
Solar PV Inverters, Germany, Market Overview
Solar PV Inverters, Germany, Key Policies and Initiatives
Solar PV Inverters, Germany, Market Drivers and Restraints Analysis
Solar PV Inverters, Germany, Market Size Analysis
Solar PV Inverters, Germany, Competitive Landscape, 2018
Solar PV Inverters, Germany, Upcoming Solar PV Projects
Solar PV Inverters, France
Solar PV Inverters, France, Market Overview
Solar PV Inverters, France, Key Policies and Initiatives
Solar PV Inverters, France, Market Drivers and Restraints Analysis
Solar PV Inverters, France, Market Size Analysis
Solar PV Inverters, France, Competitive Landscape, 2018
Solar PV Inverters, France, Upcoming Solar PV Projects
Solar PV Inverters, Italy
Solar PV Inverters, Italy, Market Overview
Solar PV Inverters, Italy, Key Policies and Initiatives
Solar PV Inverters, Italy, Market Drivers and Restraints Analysis
Solar PV Inverters, Italy, Market Size Analysis
Solar PV Inverters, Italy, Competitive Environment, 2018
Solar PV Inverters, Italy, Upcoming Solar PV Projects
Solar PV Inverters, Global, Key Company Profiles
Huawei Technologies Co Ltd
Sungrow Power Supply Co. Ltd.
SMA Solar Technology AG
Toshiba Mitsubishi-Electric Industrial Systems Corp.
ABB Ltd.
Tebian Electricity Apparatus Stock Co Ltd
Schneider Electric SE
Appendix
Definitions
Abbreviations
Bibliography
Research Methodology
Contact Us
Disclaimer
List of Tables
Table 1: Solar PV Inverters, Global, Market Snapshot
Table 2: Solar PV Inverters, Global, Market Drivers and Restraints Analysis
Table 3: Solar PV Inverters, Global, Market Volume (MW), by End-user Segment, 2013-2023
Table 4: Solar PV Inverters, Global, Market Value ($m), by End-user Segment, 2013-2023
Table 5: Solar PV Inverters, Global, Market Share (%), 2018
Table 6: Solar PV Inverters, Americas, Market Volume (MW), by End-user Segment, 2013-2023
Table 7: Solar PV Inverters, Americas, Market Value ($m), by End-user Segment, 2013-2023
Table 8: Solar PV Inverters, US, Market Snapshot
Table 9: Solar PV Inverters, US, Project Tax Components and Changes With New Tax Code
Table 10: Solar PV Inverters, US, Production Tax Credit ($/kWh)
Table 11: Solar PV Inverters, US, Investment Tax Credit (%)
Table 12: Solar PV Inverters, US, Green Power Purchasing Goal (%), 2018-2025
Table 13: Solar PV Inverters, US, Sun Shot Progress and Goals
Table 14: Solar PV Inverters, US, State Targets of Renewable Portfolio Standards
Table 15: Solar PV Inverters, US, Market Drivers and Restraints Analysis
Table 16: Solar PV Inverters, US, Market Volume (MW), by End-user Segment, 2013-2023
Table 17: Solar PV Inverters, US, Market Value ($m), by End-user Segment, 2013-2023
Table 18: Solar PV Inverters, US, Recent Tenders and Contracts
Table 19: Solar PV Inverters, US, Upcoming Solar PV Projects
Table 20: Solar PV Inverters, Canada, Market Snapshot
Table 21: Solar PV Inverters, Canada, Major Regulatory Authorities
Table 22: Solar PV Inverters, Canada, Feed-in Tariffs in Ontario, 2017
Table 23: Solar PV Inverters, Canada, Additional Price Incentives on Feed-in Tariff of Ontario, 2017
Table 24: Solar PV inverters, Canada, Market Drivers and Restraints Analysis
Table 25: Solar PV Inverters, Canada, Market Volume (MW), by End-user Segment, 2013-2023
Table 26: Solar PV Inverters, Canada, Market Value ($m), by End-user Segment, 2013-2023
Table 27: Solar PV Inverters, Canada, Recent Tenders and Contracts
Table 28: Solar PV Inverters, Canada, Upcoming Solar PV Projects
Table 29: Solar PV Inverters, Chile, Market Snapshot
Table 30: Solar PV Inverters, Chile, Market Drivers and Restraints Analysis
Table 31: Solar PV Inverters, Chile, Market Volume (MW), by End-user Segment, 2013-2023
Table 32: Solar PV Inverters, Chile, Market Value ($m), by End-user Segment, 2013-2023
Table 33: Solar PV Inverters, Chile, Recent Tenders and Contracts
Table 34: Solar PV Inverters, Chile, Upcoming Solar PV Projects
Table 35: Solar PV Inverters, Asia-Pacific, Market Volume (MW), by End-user Segment, 2013-2023
Table 36: Solar PV Inverters, Asia-Pacific, Market Value ($m), by End-user Segment , 2013-2023
Table 37: Solar PV Inverters, China, Market Snapshot
Table 38: Solar PV Inverters, China, Renewable Portfolio Standards by Province (%), 2020
Table 39: Solar PV Inverters, China, Key Provinces and Capacity of Solar PV projects in 13th Five-Year Plan (MW), 2020
Table 40: Solar PV Inverters, China, Feed-in Tariffs for Solar Power ($/kWh), 2014-2019
Table 41: Solar PV Inverters, China, Auction Results of Top Runner Program, 2018
Table 42: Solar PV Inverters, China, Market Drivers and Restraints Analysis
Table 43: Solar PV Inverters, China, Market Volume (MW), by End-user Segment, 2013-2023
Table 44: Solar PV Inverters, China, Market Value ($m), by End-user Segment, 2013-2023
Table 45: Solar PV Inverters, China, Recent Tenders and Contracts
Table 46: Solar PV Inverters, China, Upcoming Solar PV Projects
Table 47: Solar PV Inverters, India, Market Snapshot
Table 48: Solar PV Inverters, India, Renewable Energy Certificate Volume, April 2018-March 2019
Table 49: Solar PV Inverters, India, Phase-II Grid Connected Rooftop Solar Program, Financial Outlay of Component A
Table 50: Solar PV Inverters, India, Phase-II Grid Connected Rooftop Solar Program, Year-wise Fund Requirement for Component A and Component B (INR &$)
Table 51: Solar PV Inverters, India, Net-Metering Regulations in Leading States
Table 52: Solar PV Inverters, India, Net Metering and Gross Metering Policy in Karnataka
Table 53: Solar PV Inverters, India, Feed in Tariff for Solar Power (INR/kWh and $/kWh) of Major States of India, 2018-19
Table 54: Solar PV inverters, India, Market Drivers and Restraints Analysis
Table 55: Solar PV Inverters, India, Market Volume (MW), by End-user Segment, 2013-2023
Table 56: Solar PV Inverters, India, Market Value ($m), by End-user Segment , 2013-2023
Table 57: Solar PV Inverters, India, Recent Tenders and Contracts
Table 58: Solar PV Inverters, India, Upcoming Solar PV Projects
Table 59: Solar PV Inverters, Japan, Market Snapshot
Table 60: Solar PV Inverters, Japan, Purchase Prices (JPY/kWh), FY 2017, FY 2018 and FY 2019
Table 61: Solar PV Inverters, Japan, Solar PV Auctions
Table 62: Solar PV Inverters, Japan, Market Drivers and Restraints Analysis
Table 63: Solar PV Inverters, Japan, Market Volume (MW), by End-user Segment, 2013-2023
Table 64: Solar PV Inverters, Japan, Market Value ($m), 2013-2023
Table 65: Solar PV Inverters, Japan, Recent Tenders and Contracts
Table 66: Solar PV Inverters, Japan, Upcoming Solar PV Projects
Table 67: Solar PV Inverters, EMEA, Market Volume (MW), by End-user Segment, 2013-2023
Table 68: Solar PV Inverters, EMEA, Market Value ($m), by End-user Segment, 2013-2023
Table 69: Solar PV Inverters, UK, Market Snapshot
Table 70: Solar PV Inverters, UK, Renewable Energy Obligation with Technology Eligibility
Table 71: Solar PV Inverters, UK, Renewable Obligation (ROC/MWh), 2009-2019
Table 72: Solar PV Inverters, UK, Solar Power Feed-in Tariffs ($/kWh), 2017-2019
Table 73: Solar PV Inverters, UK, Market Drivers and Restraints Analysis
Table 74: Solar PV Inverters, UK, Market Volume (MW), by End-user Segment, 2013-2023
Table 75: Solar PV Inverters, UK, Market Value ($m), by End-user Segment, 2013-2023
Table 76: Solar PV Inverters, UK, Recent Tenders and Contracts
Table 77: Solar PV Inverters, UK, Upcoming Solar PV Projects
Table 78: Solar PV Inverters, Germany, Market Snapshot
Table 79: Solar PV Inverters, Germany, Expansion Corridor Targets, 2020-2050
Table 80: Solar PV Inverters, Germany, Solar Power Feed-in Tariff (€/kWh) and ($/kWh)
Table 81: Solar PV Inverters, Germany, Renewable Energy Auctions, 2015-2018
Table 82: Solar PV inverters, Germany, Market Drivers and Restraints Analysis
Table 83: Solar PV Inverters, Germany, Market Volume (MW), by End-user Segment, 2013-2023
Table 84: Solar PV Inverters, Germany, Market Value ($m), by End-user Segment, 2013-2023
Table 85: Solar PV Inverters, Germany, Recent Tenders and Contracts
Table 86: Solar PV Inverters, Germany, Upcoming Solar PV Projects
Table 87: Solar PV Inverters, France, Market Snapshot
Table 88: Solar PV Inverters, France, Renewable Energy Policy Environment Summary
Table 89: Solar PV Inverters, France, Multiannual Energy Programme (Programmation pluriannuelle de l’énergie or PPE)
Table 90: Solar PV Inverters, France, Feed-in Tariffs by Technology Type, 2018
Table 91: Solar PV Inverters, France, Tender Categories for Renewable Energy Systems, 2012-2019
Table 92: Solar PV Inverters, France, Tenders for Solar Tenders under PPE, 2019-2024
Table 93: Solar PV Inverters, France, Awarded/Announced Renewable Energy Auctions ($/MWh), 2017-June 2020
Table 94: Solar PV inverters, France, Market Drivers and Restraints Analysis
Table 95: Solar PV Inverters, France, Market Volume (MW), by End-user Segment, 2013-2023
Table 96: Solar PV Inverters, France, Market Value ($m), by End-user Segment, 2013-2023
Table 97: Solar PV Inverters, France, Recent Tenders and Contracts
Table 98: Solar PV Inverters, France, Upcoming Solar PV Projects
Table 99: Solar PV Inverters, Italy, Market Snapshot
Table 100: Solar PV Inverters, Italy, Market Drivers and Restraints Analysis
Table 101: Solar PV Inverters, Italy, Market Volume (MW), by End-user Segment, 2013-2023
Table 102: Solar PV Inverters, Italy, Market Value ($m), by End-user Segment, 2013-2023
Table 103: Solar PV Inverters, Italy, Recent Tenders and Contracts
Table 104: Solar PV Inverters, Italy, Upcoming Solar PV Projects
Table 105: Solar PV Inverters, Company Profile, Huawei Technologies Co Ltd.
Table 106: Solar PV Inverters, Company Profile, Sungrow Power Supply Co. Ltd.
Table 107: Solar PV Inverters, Company Profile, SMA Solar Technology AG
Table 108: Solar PV Inverters, Company Profile, Toshiba Mitsubishi-Electric Industrial Systems Corp
Table 109: Solar PV Inverters, Company Profile, ABB Ltd.
Table 110: Solar PV Inverters, Company Profile, Tebian Electricity Apparatus Stock Co Ltd
Table 111: Solar PV Inverters, Company Profile, Schneider Electric SE
Table 112: Solar PV Inverters, Abbreviations
List of Figures
Figure 1: Solar PV Inverters, Top Three Countries, Market Share(%) by Volume, 2018 and 2023
Figure 2: Solar PV Inverters, Global, Aggregate Market Value ($bn), Historic Period (2014-2018) and Forecast Period (2019-2023)
Figure 3: Solar PV System and its Main Components
Figure 4: Solar PV Inverters, Types
Figure 5: Solar PV Inverters, Application Areas
Figure 6: Solar PV Inverters, Advantages
Figure 7: Solar PV Inverters, Global, Market Volume (%), by End-user Segment, 2013-2023
Figure 8: Solar PV Inverters, Global, Market Value ($m), 2013-2023
Figure 9: Solar PV Inverters, Global, Market Share (%), 2018
Figure 10: Solar PV Inverters, Americas, Market Volume (%), by End-user Segment, 2013-2023
Figure 11: Solar PV Inverters, Americas, Market Value ($m), 2013-2023
Figure 12: Solar PV Inverters, US, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 13: Solar PV Inverters, US, SunShot Initiative Progress and Goals
Figure 14: Solar PV Inverters, US, Investment Tax Credit (%), 2016-2022
Figure 15: Solar PV Inverters, US, Market Volume (%), by End-user Segment, 2013-2023
Figure 16: Solar PV Inverters, US, Market Value ($m), 2013-2023
Figure 17: Solar PV Inverters, Canada, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 18: Solar PV Inverters, Canada, Market Volume (%), by End-user Segment, 2013-2023
Figure 19: Solar PV Inverters, Canada, Market Value ($m), 2013-2023
Figure 20: Solar PV Inverters, Chile, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 21: Solar PV Inverters, Chile, Market Volume (%), by End-user Segment, 2013-2023
Figure 22: Solar PV Inverters, Chile, Market Value ($m), 2013-2023
Figure 23: Solar PV Inverters, Asia-Pacific, Market Volume (%), by End-user Segment, 2013-2023
Figure 24: Solar PV Inverters, Asia-Pacific, Market Value ($m), 2013-2023
Figure 25: Solar PV Inverters, China, Cumulative Installed Capacity (%) by Fuel Sources, 2018 and 2023
Figure 26: Solar PV Inverters, China, Market Volume (%), by End-user Segment, 2013-2023
Figure 27: Solar PV Inverters, China, Market Value ($m), 2013-2023
Figure 28: Solar PV Inverters, India, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 29: Solar PV Inverters, India, Market Volume (%), by End-user Segment, 2013-2023
Figure 30: Solar PV Inverters, India , Market Value ($m), by End-user Segment, 2013-2023
Figure 31: Solar PV Inverters, Japan, Cumulative Installed Capacity (%) by Fuel Sources, 2018 and 2023
Figure 32: Solar PV Inverters, Japan, Market Volume (%), by End-user Segment, 2013-2023
Figure 33: Solar PV Inverters, Japan, Market Value ($m), 2013-2023
Figure 34: Solar PV Inverters, EMEA, Market Volume (%), by End-user Segment, 2013-2023
Figure 35: Solar PV Inverters, EMEA, Market Value ($m), 2013-2023
Figure 36: Solar PV Inverters, UK, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 37: Solar PV Inverters, UK, Market Volume (%), by End-user Segment, 2013-2023
Figure 38: Solar PV Inverters, UK, Market Value ($m), 2013-2023
Figure 39: Solar PV Inverters, Germany, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 40: Solar PV Inverters, Germany, Market Volume (%), by End-user Segment, 2013-2023
Figure 41: Solar PV Inverters, Germany, Market Value ($m), 2013-2023
Figure 42: Solar PV Inverters, France, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 43: Solar PV Inverters, France, Market Volume (%), by End-user Segment, 2013-2023
Figure 44: Solar PV Inverters, France, Market Value ($m), 2013-2023
Figure 45: Solar PV Inverters, Italy, Cumulative Installed Capacity (%), by Fuel Sources, 2018 and 2023
Figure 46: Solar PV Inverters, Italy, Market Volume (%), by End-user Segment, 2013-2023
Figure 47: Solar PV Inverters, Italy, Market Value ($m), 2013-2023

Companies Mentioned (Partial List)

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

  • Huawei Technologies Co Ltd

  • Sungrow Power Supply Co. Ltd.

  • SMA Solar Technology AG

  • Toshiba Mitsubishi-Electric Industrial Systems Corp.

  • ABB Ltd.

  • Tebian Electricity Apparatus Stock Co Ltd

  • Schneider Electric SE