Global Photovoltaic Inverter Market 2021-2025

Global Photovoltaic Inverter Market 2021-2025

The publisher has been monitoring the photovoltaic inverter market and it is poised to grow by $ 1.48 bn during 2021-2025 progressing at a CAGR of 3% during the forecast period. The report on photovoltaic inverter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the decline in LOCE of solar power generation and cost of solar inverters, rise in solar PV installations and government regulations supporting solar power generation. In addition, decline in LOCE of solar power generation and cost of solar inverters is anticipated to boost the growth of the market as well.

The photovoltaic inverter market analysis includes technology segment and geographical landscapes.

The photovoltaic inverter market is segmented as below:

By Technology

• String inverters
• Central inverters
• Micro-inverters

By Geographical Landscapes

• APAC
• Europe
• North America
• MEA
• South America

This study identifies the growing demand for polycrystalline solar panels as one of the prime reasons driving the photovoltaic inverter market growth during the next few years. Also, increased adoption of microgrids and rise in adoption of hybrid power systems in telecom towers will lead to sizable demand in the market.

The report on photovoltaic inverter market covers the following areas:

• Photovoltaic inverter market sizing
• Photovoltaic inverter market forecast
• Photovoltaic inverter market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading photovoltaic inverter market vendors that include ABB Ltd., Delta Electronics Inc., Eaton Corp. Plc, Hitachi Ltd., Huawei Investment & Holding Co. Ltd., Siemens AG, SMA Solar Technology AG, SolarEdge Technologies Inc., Toshiba Mitsubishi-Electric Industrial Systems Corp., and Total SA. Also, the photovoltaic inverter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.