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Global Photovoltaic Inverter Market 2021-2025

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    Report

  • 120 Pages
  • February 2021
  • Region: Global
  • TechNavio
  • ID: 5264329
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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.

Table of Contents

Executive Summary
  • Market Overview

Market Landscape
  • Market ecosystem
  • Impact of COVID-19 on utilities sector
  • Value chain analysis

Market Sizing
  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020-2025

Five Forces Analysis
  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology
  • Market segments
  • Comparison by Technology
  • String inverters - Market size and forecast 2020-2025
  • Central inverters - Market size and forecast 2020-2025
  • Micro-inverters - Market size and forecast 2020-2025
  • Market opportunity by Technology

Market Segmentation by Application
  • Market segmentation by application

Customer Landscape
Geographic Landscape
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape
  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • 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.
  • Total SA

Appendix
  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

List of Exhibit
  • Key Finding 1
  • Key Finding 2
  • Key Finding 3
  • Key Finding 5
  • Key Finding 6
  • Key Finding 7
  • Key Finding 8
  • Parent market
  • Market characteristics
  • Offerings of vendors included in the market definition
  • Market segments
  • Global - Market size and forecast 2020 - 2025 ($ billion)
  • Global market: Year-over-year growth 2020 - 2025 (%)
  • Five forces analysis 2020 & 2025
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition - Five forces 2020
  • Technology - Market share 2020-2025 (%)
  • Comparison by Technology
  • String inverters - Market size and forecast 2020-2025 ($ billion)
  • String inverters - Year-over-year growth 2020-2025 (%)
  • Central inverters - Market size and forecast 2020-2025 ($ billion)
  • Central inverters - Year-over-year growth 2020-2025 (%)
  • Micro-inverters - Market size and forecast 2020-2025 ($ billion)
  • Micro-inverters - Year-over-year growth 2020-2025 (%)
  • Market opportunity by Technology
  • Customer landscape
  • Market share by geography 2020-2025 (%)
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025 ($ billion)
  • APAC - Year-over-year growth 2020-2025 (%)
  • Europe - Market size and forecast 2020-2025 ($ billion)
  • Europe - Year-over-year growth 2020-2025 (%)
  • North America - Market size and forecast 2020-2025 ($ billion)
  • North America - Year-over-year growth 2020-2025 (%)
  • MEA - Market size and forecast 2020-2025 ($ billion)
  • MEA - Year-over-year growth 2020-2025 (%)
  • South America - Market size and forecast 2020-2025 ($ billion)
  • South America - Year-over-year growth 2020-2025 (%)
  • Key leading countries
  • Market opportunity by geography ($ billion)
  • Impact of drivers and challenges
  • Vendor landscape
  • Landscape disruption
  • Industry risks
  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd. - Overview
  • ABB Ltd. - Business segments
  • ABB Ltd. - Key offerings
  • ABB Ltd. - Key customers
  • ABB Ltd. - Segment focus
  • Delta Electronics Inc. - Overview
  • Delta Electronics Inc. - Business segments
  • Delta Electronics Inc. - Key offerings
  • Delta Electronics Inc. - Key customers
  • Delta Electronics Inc. - Segment focus
  • Eaton Corp. Plc - Overview
  • Eaton Corp. Plc - Business segments
  • Eaton Corp. Plc - Key offerings
  • Eaton Corp. Plc - Key customers
  • Eaton Corp. Plc - Segment focus
  • Hitachi Ltd. - Overview
  • Hitachi Ltd. - Business segments
  • Hitachi Ltd. - Key offerings
  • Hitachi Ltd. - Key customers
  • Hitachi Ltd. - Segment focus
  • Huawei Investment & Holding Co. Ltd. - Overview
  • Huawei Investment & Holding Co. Ltd. - Business segments
  • Huawei Investment & Holding Co. Ltd. - Key offerings
  • Huawei Investment & Holding Co. Ltd. - Key customers
  • Huawei Investment & Holding Co. Ltd. - Segment focus
  • Siemens AG - Overview
  • Siemens AG - Business segments
  • Siemens AG - Key offerings
  • Siemens AG - Key customers
  • Siemens AG - Segment focus
  • SMA Solar Technology AG - Overview
  • SMA Solar Technology AG - Business segments
  • SMA Solar Technology AG - Key offerings
  • SMA Solar Technology AG - Key customers
  • SMA Solar Technology AG - Segment focus
  • SolarEdge Technologies Inc. - Overview
  • SolarEdge Technologies Inc. - Business segments
  • SolarEdge Technologies Inc. - Key offerings
  • SolarEdge Technologies Inc. - Key customers
  • SolarEdge Technologies Inc. - Segment focus
  • Toshiba Mitsubishi-Electric Industrial Systems Corp. - Overview
  • Toshiba Mitsubishi-Electric Industrial Systems Corp. - Business segments
  • Toshiba Mitsubishi-Electric Industrial Systems Corp. - Key offerings
  • Toshiba Mitsubishi-Electric Industrial Systems Corp. - Key customers
  • Toshiba Mitsubishi-Electric Industrial Systems Corp. - Segment focus
  • Total SA - Overview
  • Total SA - Business segments
  • Total SA - Key offerings
  • Total SA - Key customers
  • Total SA - Segment focus
  • Currency conversion rates for US$
  • Research Methodology
  • Validation techniques employed for market sizing
  • Information sources
  • List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global photovoltaic inverter market: 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.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is growing demand for polycrystalline solar panels.'

According to the report, one of the major drivers for this market is the decline in loce of solar power generation and cost of solar inverters.

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 a SWOT analysis of the key vendors.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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.
  • Total SA