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Global Renewable Energy Inverters Market, Forecast to 2026

  • ID: 5028299
  • Report
  • April 2020
  • Region: Global
  • 192 Pages
  • Frost & Sullivan
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FEATURED COMPANIES

  • ABB
  • Fronius
  • Huawei
  • SMA
  • SolarEdge
  • Sungrow
  • MORE

The growing adoption of renewable energy (RE) generation across the globe is expected to drive the growth of the RE inverters market over the coming years. The continually declining prices of RE, coupled with country-specific clean energy targets and increasing corporate procurement, are driving the growth of the global RE inverters market. The market is expected to grow steadily with a slight decline over the medium term and long term. The growth will be driven mainly by solar photovoltaic (PV) installations with an increasing share of battery storage inverters spurred on by the growing popularity of RE storage solutions. Growth in the global renewable energy inverter market is driven by the installation of renewable energy systems.

The RE inverters market is led by solar PV (PV constitutes 93.3% of the market), followed by battery storage (4.8%), small wind (1.1%), and fuel cell unit (0.8%) inverters. The global market is forecast to increase from $ 11.46 billion in 2019 to $ 15.23 billion in 2026 at a CAGR of 4.1%, driven largely by increased investments in solar PV based generation and escalating popularity of solar plus storage solutions. The market for solar inverters is dominated by China and India, while the battery storage inverter market is led mainly by the United States, South Korea, Australia, and Japan. Key countries for the fuel cell inverter market are Japan and the United States whereas the small wind market is led by China, Italy, and the United States.

Market trends have been analyzed for the study period covering 2016 through 2026, with the base year being 2019. The study covers North America, Latin America, Europe, Asia-Pacific, Africa, and Rest of the World (ROW).

The global RE inverter market, particularly the solar inverter segment is witnessing consolidation and exits as competition intensifies amid increasing pricing pressures and declining profit margins. Key companies in this space include Huawei, Sungrow, ABB, SMA, SolarEdge, and Fronius.

Key Issues Addressed

  • Is the market growing; how long will it continue to grow, and at what rate?
  • Which are the key growth regions for renewable energy inverters and how are they going to transform the inverter market in the future?
  • How are key regulations affecting the renewable energy market in various regions across the globe? How are they expected to impact the inverter market?
  • How will the pricing of inverters change over time?
  • What are the key drivers and restraints affecting the renewable inverters market? What are the competitive factors in this market?
  • How is expected to change over the course of the next 5 years?
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Fronius
  • Huawei
  • SMA
  • SolarEdge
  • Sungrow
  • MORE

Executive Summary

  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective

Market Overview

  • Market Definitions
  • Market Definitions - Solar Inverters
  • Market Definitions - Small Wind Inverters
  • Market Definitions - Fuel Cell Inverters
  • Market Definitions - Battery Storage Inverters
  • Key Questions this Study will Answer
  • Market Segmentation by Renewable Inverter Type
  • Market Distribution Channels - Solar Inverter
  • Market Distribution Channels - Small Wind Inverter
  • Market Distribution Channels - Fuel Cell Inverter
  • Market Distribution Channels - Battery Storage Inverter
  • Distribution Channels Explained

Drivers and Restraints - Total Renewable Energy Inverters Market

  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

Forecasts and Trends - Total Renewable Energy Inverters Market

  • Market Engineering Measurements
  • Forecast Assumptions
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Regional Hot Spots
  • Percent Revenue Forecast by Renewable Inverter Type
  • Revenue Forecast by Renewable Inverter Type
  • Revenue Forecast Discussion by Renewable Inverter Type

Market Share and Competitive Analysis - Total Renewable Energy Inverters Market

  • Market Share
  • Market Share Analysis
  • Competitive Environment
  • Competitive Environment - Mergers & Acquisitions
  • Competitive Factors and Assessment

Growth Opportunities and Companies to Action

  • Growth Opportunity 1 - Geographic Expansion
  • Growth Opportunity 2 - Value-added Services
  • Growth Opportunity 3 - Digitization and New Capabilities
  • Strategic Imperatives for Success and Growth

Solar Inverter Segment Analysis

  • Strategic Insights
  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Grid Connectivity
  • Revenue Forecast by Grid Connectivity
  • Revenue Forecast Discussion by Grid Connectivity
  • Percent Revenue Forecast by Power Range
  • Revenue Forecast by Power Range
  • Revenue Forecast Discussion by Power Range

Solar Inverter Region Analysis

  • North America - Strategic Insights
  • North America - Revenue Forecast
  • North America - Revenue Forecast Discussion
  • Europe - Strategic Insights
  • Europe - Revenue Forecast
  • Europe - Revenue Forecast Discussion
  • APAC - Strategic Insights
  • APAC - Revenue Forecast
  • APAC - Revenue Forecast Discussion
  • Latin America - Strategic Insights
  • Latin America - Revenue Forecast
  • Latin America - Revenue Forecast Discussion
  • ROW - Key Findings
  • ROW - Revenue Forecast
  • ROW - Revenue Forecast Discussion

Small Wind Inverter Segment Analysis

  • Strategic Insights
  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Grid Connectivity
  • Revenue Forecast by Grid Connectivity
  • Revenue Forecast Discussion by Grid Connectivity
  • Percent Revenue Forecast by Power Range
  • Revenue Forecast by Power Range
  • Revenue Forecast Discussion by Power Range

Small Wind Inverter Region Analysis

  • North America - Strategic Insights
  • North America - Revenue Forecast
  • North America - Revenue Forecast Discussion
  • Europe - Strategic Insights
  • Europe - Revenue Forecast
  • Europe - Revenue Forecast Discussion
  • APAC - Strategic Insights
  • APAC - Revenue Forecast
  • APAC - Revenue Forecast Discussion
  • ROW - Strategic Insights
  • ROW - Revenue Forecast
  • ROW - Revenue Forecast Discussion

Fuel Cell Inverter Segment Analysis

  • Strategic Insights
  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Grid Connectivity
  • Revenue Forecast by Grid Connectivity
  • Revenue Forecast Discussion by Grid Connectivity
  • Percent Revenue Forecast by Power Range
  • Revenue Forecast by Power Range
  • Revenue Forecast Discussion by Power Range

Fuel Cell Inverter Region Analysis

  • North America - Strategic Insights
  • North America - Revenue Forecast
  • North America - Revenue Forecast Discussion
  • Europe - Strategic Insights
  • Europe - Revenue Forecast
  • Europe - Revenue Forecast Discussion
  • APAC - Strategic Insights
  • APAC - Revenue Forecast
  • APAC - Revenue Forecast Discussion
  • ROW - Strategic Insights
  • ROW - Revenue Forecast
  • ROW - Revenue Forecast Discussion

Battery Storage Inverter Segment Analysis

  • Strategic Insights
  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Grid Connectivity
  • Revenue Forecast by Grid Connectivity
  • Revenue Forecast Discussion by Grid Connectivity
  • Percent Revenue Forecast by Power Range
  • Revenue Forecast by Power Range
  • Revenue Forecast Discussion by Power Range

Battery Storage Inverter Region Analysis

  • North America - Strategic Insights
  • North America - Revenue Forecast
  • North America - Revenue Forecast Discussion
  • Europe - Strategic Insights
  • Europe - Revenue Forecast
  • APAC - Strategic Insights
  • APAC - Revenue Forecast
  • APAC - Revenue Forecast Discussion
  • ROW - Strategic Insights
  • ROW - Revenue Forecast
  • ROW - Revenue Forecast Discussion

The Last Word

  • The Last Word - 3 Big Predictions
  • Legal Disclaimer

Appendix

  • Market Engineering Methodology
  • List of Companies in “Others”
  • List of Exhibits
Note: Product cover images may vary from those shown
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  • ABB
  • Fronius
  • Huawei
  • SMA
  • SolarEdge
  • Sungrow
Note: Product cover images may vary from those shown
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