The global solar inverters market is expected to grow from US$ 9,153.73 million in 2021 to US$ 16,327.06 million by 2028. It is estimated to grow at a CAGR of 8.9% during 2022-2028.
Investment in solar energy have improved significantly along with economic growth, however, there are significant country-by-country variations. Further, global energy demand had increased by 4.6% in 2021, more than offsetting the 4% contraction in 2020, according to the International Energy Agency (IEA) estimates. The anticipated growth in investments in 2021 is a mixture of a cyclical response to recovery in economy and a structural shift in capital flows towards cleaner technologies. After staying flat in 2020, global power sector investment had increase by around 5% in 2021 to more than US$ 820 billion, according to the IEA estimates. Renewables energy sector dominates investment in new power generation and is expected to account for 70% of 2021's total of US$ 530 billion spent on all new generation capacity, according to the latest IEA estimates. Renewable energy sector investment has grown in markets due to well-established supply chains and where lenders and financiers that understand these sectors are seeking sustainable projects to support.
Further, investment in the renewable energy sector in India surged more than 125% year-on-year to touch a record US$ 14.5 billion in the financial year 2021-22 (FY22), a report released by the Institute for Energy Economics and Financial Analysis (IEEFA) in June 2022. Conglomerates such as Reliance Industries (RIL) and the Adani group have ambitious plans to ramp up their renewable energy capacity.
Thus, with the increasing investment towards renewable energy sector help in cresting opportunities for solar inverters market players because with the rapid development of the renewable energy sector, the solar inverters market will also grow respectively.
The need for solar inverters was prevalent during the pre-COVID-19 era because of the growing urban population. Due to the increasing population, infrastructural development was increasing. According to the article published by the Journal of Commerce Online, the US Department of Transportation (DOT) allocated grants of ~US$ 856 million to Infrastructure for Rebuilding America (INFRA) for constructing 20 projects across the US. Thus, the need for developing infrastructure supported the growth of the solar inverters market in North America.
In North America, the US, Canada, and Mexico witnessed a significant rise in COVID-19 patients in 2020. The pandemic resulted in economic challenges due to subsequent lockdowns. In 2020, the manufacturing industries were severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities has limited the expenditure on installing or upgrading existing solar inverters across the industries in North America. Moreover, periodic maintenance and discontinuation of operation among existing manufacturing plants have hampered the demand for solar inverters. Thus, the COVID-19 pandemic has adversely affected the North America solar inverters market.
In 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the adoption of solar inverters. In 2022, solar inverters will have a higher demand in North America due to the continued progress in the renewable energy sector.
Based on type, the solar inverters market is segmented into central, string, and micro. The central segment led the market with the largest share in 2021. Based on system type, the market is bifurcated into on-grid and off-grid. The on-grid segment led the market with a larger share in 2021. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment led the market with the largest share in 2021. By geography, the solar inverters market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The APAC segment led the market with the largest share in 2021.
The overall solar inverters market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the solar inverters market with respect to all the segments.
The study offers the overview and forecast for the market based on all the segmentation provided with respect to 5 major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the solar inverters market.
The key companies operating in the solar inverters market are ABB Ltd; Delta Electronics, Inc.; Enertechups; GOODWE; Power Electronics SL; Powerone Micro Systems Pvt.Ltd; Sineng Electric; SMA Solar Technology AG; Solaredge Technologies Inc.; and Hitachi Hi-Rel Power Electronics Pvt Ltd.
Factors such as a rising number of solar installations attributed to government-led incentives & schemes and growing residential solar rooftop installations influence the solar inverters market growth. Further, the increasing investments in the renewable energy sector and technological innovations in solar inverters are among the factors contributing to the solar inverters market growth. However, the safety risks associated with high DC voltages in solar inverters are restraining the solar inverters market growth.
Investment in solar energy have improved significantly along with economic growth, however, there are significant country-by-country variations. Further, global energy demand had increased by 4.6% in 2021, more than offsetting the 4% contraction in 2020, according to the International Energy Agency (IEA) estimates. The anticipated growth in investments in 2021 is a mixture of a cyclical response to recovery in economy and a structural shift in capital flows towards cleaner technologies. After staying flat in 2020, global power sector investment had increase by around 5% in 2021 to more than US$ 820 billion, according to the IEA estimates. Renewables energy sector dominates investment in new power generation and is expected to account for 70% of 2021's total of US$ 530 billion spent on all new generation capacity, according to the latest IEA estimates. Renewable energy sector investment has grown in markets due to well-established supply chains and where lenders and financiers that understand these sectors are seeking sustainable projects to support.
Further, investment in the renewable energy sector in India surged more than 125% year-on-year to touch a record US$ 14.5 billion in the financial year 2021-22 (FY22), a report released by the Institute for Energy Economics and Financial Analysis (IEEFA) in June 2022. Conglomerates such as Reliance Industries (RIL) and the Adani group have ambitious plans to ramp up their renewable energy capacity.
Thus, with the increasing investment towards renewable energy sector help in cresting opportunities for solar inverters market players because with the rapid development of the renewable energy sector, the solar inverters market will also grow respectively.
Impact of COVID-19 Pandemic on North America Solar Inverters Market
The need for solar inverters was prevalent during the pre-COVID-19 era because of the growing urban population. Due to the increasing population, infrastructural development was increasing. According to the article published by the Journal of Commerce Online, the US Department of Transportation (DOT) allocated grants of ~US$ 856 million to Infrastructure for Rebuilding America (INFRA) for constructing 20 projects across the US. Thus, the need for developing infrastructure supported the growth of the solar inverters market in North America.
In North America, the US, Canada, and Mexico witnessed a significant rise in COVID-19 patients in 2020. The pandemic resulted in economic challenges due to subsequent lockdowns. In 2020, the manufacturing industries were severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities has limited the expenditure on installing or upgrading existing solar inverters across the industries in North America. Moreover, periodic maintenance and discontinuation of operation among existing manufacturing plants have hampered the demand for solar inverters. Thus, the COVID-19 pandemic has adversely affected the North America solar inverters market.
In 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the adoption of solar inverters. In 2022, solar inverters will have a higher demand in North America due to the continued progress in the renewable energy sector.
Based on type, the solar inverters market is segmented into central, string, and micro. The central segment led the market with the largest share in 2021. Based on system type, the market is bifurcated into on-grid and off-grid. The on-grid segment led the market with a larger share in 2021. Based on end user, the market is segmented into residential, commercial, and utility. The utility segment led the market with the largest share in 2021. By geography, the solar inverters market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The APAC segment led the market with the largest share in 2021.
The overall solar inverters market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the solar inverters market with respect to all the segments.
The study offers the overview and forecast for the market based on all the segmentation provided with respect to 5 major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the solar inverters market.
The key companies operating in the solar inverters market are ABB Ltd; Delta Electronics, Inc.; Enertechups; GOODWE; Power Electronics SL; Powerone Micro Systems Pvt.Ltd; Sineng Electric; SMA Solar Technology AG; Solaredge Technologies Inc.; and Hitachi Hi-Rel Power Electronics Pvt Ltd.
Factors such as a rising number of solar installations attributed to government-led incentives & schemes and growing residential solar rooftop installations influence the solar inverters market growth. Further, the increasing investments in the renewable energy sector and technological innovations in solar inverters are among the factors contributing to the solar inverters market growth. However, the safety risks associated with high DC voltages in solar inverters are restraining the solar inverters market growth.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Solar inverters Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Solar inverters Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Number of Solar Installations attributed to Government-led Incentives and Schemes
5.1.2 Growing Residential Solar Rooftop Installations
5.2 Market Restraints
5.2.1 Safety Risks Associated with High DC Voltages in Solar Inverters
5.3 Market Opportunities
5.3.1 Increasing Investments in Renewable Energy Sector
5.4 Future Trends
5.4.1 Technological Innovations in Solar Inverters
5.5 Impact Analysis of Drivers and Restraints
6. Solar inverters - Global Market Analysis
6.1 Global Solar inverters Market Overview
6.2 Global Solar inverters Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players
7. Solar Inverters Market Analysis - By Type
7.1 Overview
7.2 Solar Inverters Market Breakdown, By Type, 2021 and 2028
7.3 Central
7.3.1 Overview
7.3.2 Central: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
7.4 String
7.4.1 Overview
7.4.2 String: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
7.5 Micro
7.5.1 Overview
7.5.2 Micro: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
8. Solar Inverters Market Analysis - By System Type
8.1 Overview
8.2 Solar Inverters Market Breakdown, By System Type, 2021 and 2028
8.3 On-Grid
8.3.1 Overview
8.3.2 On-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
8.4 Off-Grid
8.4.1 Overview
8.4.2 Off-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
9. Solar Inverters Market Analysis - By End User
9.1 Overview
9.2 Solar Inverters Market Breakdown, By End User, 2021 and 2028
9.3 Residential
9.3.1 Overview
9.3.2 Residential: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
9.5 Utility
9.5.1 Overview
9.5.2 Utility: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
10. Solar Inverters Market - Geographic Analysis
10.1 Overview
10.2 North America: Solar Inverters Market
10.2.1 Overview
10.2.2 North America Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.2.3 North America Solar Inverters Market Breakdown, By Type
10.2.4 North America Solar Inverters Market Breakdown, By System Type
10.2.5 North America Solar Inverters Market Breakdown, By End User
10.2.6 North America Solar Inverters Market Breakdown, by Country
10.2.6.1 US Solar Inverters Market, Revenue and Forecast to 2028
10.2.6.1.1 US Solar Inverters Market Breakdown, By Type
10.2.6.1.2 US Solar Inverters Market Breakdown, By System Type
10.2.6.1.3 US Solar Inverters Market Breakdown, By End User
10.2.6.2 Canada Solar Inverters Market, Revenue and Forecast to 2028
10.2.6.2.1 Canada Solar Inverters Market Breakdown, By Type
10.2.6.2.2 Canada Solar Inverters Market Breakdown, By System Type
10.2.6.2.3 Canada Solar Inverters Market Breakdown, By End User
10.2.6.3 Mexico Solar Inverters Market, Revenue and Forecast to 2028
10.2.6.3.1 Mexico Solar Inverters Market Breakdown, By Type
10.2.6.3.2 Mexico Solar Inverters Market Breakdown, By System Type
10.2.6.3.3 Mexico Solar Inverters Market Breakdown, By End User
10.3 Europe: Solar Inverters Market
10.3.1 Overview
10.3.2 Europe Solar Inverters Market Revenue and Forecast to 2028 (US$ million)
10.3.3 Europe Solar Inverters Market Breakdown, By Type
10.3.4 Europe Solar Inverters Market Breakdown, By System Type
10.3.5 Europe Solar Inverters Market Breakdown, By End User
10.3.6 Europe Solar Inverters Market Breakdown, by Country
10.3.6.1 Germany Solar Inverters Market, Revenue and Forecast to 2028
10.3.6.1.1 Germany Solar Inverters Market Breakdown, By Type
10.3.6.1.2 Germany Solar Inverters Market Breakdown, By System Type
10.3.6.1.3 Germany Solar Inverters Market Breakdown, By End User
10.3.6.2 France Solar Inverters Market, Revenue and Forecast to 2028
10.3.6.2.1 France Solar Inverters Market Breakdown, By Type
10.3.6.2.2 France Solar Inverters Market Breakdown, By System Type
10.3.6.2.3 France Solar Inverters Market Breakdown, By End User
10.3.6.3 Italy Solar Inverters Market, Revenue and Forecast to 2028
10.3.6.3.1 Italy Solar Inverters Market Breakdown, By Type
10.3.6.3.2 Italy Solar Inverters Market Breakdown, By System Type
10.3.6.3.3 Italy Solar Inverters Market Breakdown, By End User
10.3.6.4 UK Solar Inverters Market, Revenue and Forecast to 2028
10.3.6.4.1 UK Solar Inverters Market Breakdown, By Type
10.3.6.4.2 UK Solar Inverters Market Breakdown, By System Type
10.3.6.4.3 UK Solar Inverters Market Breakdown, By End User
10.3.6.5 Russia Solar Inverters Market, Revenue and Forecast to 2028
10.3.6.5.1 Russia Solar Inverters Market Breakdown, By Type
10.3.6.5.2 Russia Solar Inverters Market Breakdown, By System Type
10.3.6.5.3 Russia Solar Inverters Market Breakdown, By End User
10.3.6.6 Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028
10.3.6.6.1 Rest of Europe Solar Inverters Market Breakdown, By Type
10.3.6.6.2 Rest of Europe Solar Inverters Market Breakdown, By System Type
10.3.6.6.3 Rest of Europe Solar Inverters Market Breakdown, By End User
10.4 APAC: Solar Inverters Market
10.4.1 Overview
10.4.2 APAC Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.4.3 APAC Solar Inverters Market Breakdown, By Type
10.4.4 APAC Solar Inverters Market Breakdown, By System Type
10.4.5 APAC Solar Inverters Market Breakdown, By End User
10.4.6 APAC Solar Inverters Market Breakdown, by Country
10.4.6.1 Australia Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.1.1 Australia Solar Inverters Market Breakdown, By Type
10.4.6.1.2 Australia Solar Inverters Market Breakdown, By System Type
10.4.6.1.3 Australia Solar Inverters Market Breakdown, By End User
10.4.6.2 China Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.2.1 China Solar Inverters Market Breakdown, By Type
10.4.6.2.2 China Solar Inverters Market Breakdown, By System Type
10.4.6.2.3 China Solar Inverters Market Breakdown, By End User
10.4.6.3 India Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.3.1 India Solar Inverters Market Breakdown, By Type
10.4.6.3.2 India Solar Inverters Market Breakdown, By System Type
10.4.6.3.3 India Solar Inverters Market Breakdown, By End User
10.4.6.4 Japan Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.4.1 Japan Solar Inverters Market Breakdown, By Type
10.4.6.4.2 Japan Solar Inverters Market Breakdown, By System Type
10.4.6.4.3 Japan Solar Inverters Market Breakdown, By End User
10.4.6.5 South Korea Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.5.1 South Korea Solar Inverters Market Breakdown, By Type
10.4.6.5.2 South Korea Solar Inverters Market Breakdown, By System Type
10.4.6.5.3 South Korea Solar Inverters Market Breakdown, By End User
10.4.6.6 Rest of APAC Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.6.1 Rest of APAC Solar Inverters Market Breakdown, By Type
10.4.6.6.2 Rest of APAC Solar Inverters Market Breakdown, By System Type
10.4.6.6.3 Rest of APAC Solar Inverters Market Breakdown, By End User
10.5 MEA: Solar Inverters Market
10.5.1 Overview
10.5.2 MEA Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.5.3 MEA Solar Inverters Market Breakdown, By Type
10.5.4 MEA Solar Inverters Market Breakdown, By System Type
10.5.5 MEA Solar Inverters Market Breakdown, By End User
10.5.6 MEA Solar Inverters Market Breakdown, By Country
10.5.6.1 South Africa Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.5.6.1.1 South Africa Solar Inverters Market Breakdown, By Type
10.5.6.1.2 South Africa Solar Inverters Market Breakdown, By System Type
10.5.6.1.3 South Africa Solar Inverters Market Breakdown, By End User
10.5.6.2 Saudi Arabia Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.5.6.2.1 Saudi Arabia Solar Inverters Market Breakdown, By Type
10.5.6.2.2 Saudi Arabia Solar Inverters Market Breakdown, By System Type
10.5.6.2.3 Saudi Arabia Solar Inverters Market Breakdown, By End User
10.5.6.3 UAE Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.5.6.3.1 UAE Solar Inverters Market Breakdown, By Type
10.5.6.3.2 UAE Solar Inverters Market Breakdown, By System Type
10.5.6.3.3 UAE Solar Inverters Market Breakdown, By End User
10.5.6.4 Rest of MEA Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.5.6.4.1 Rest of MEA Solar Inverters Market Breakdown, By Type
10.5.6.4.2 Rest of MEA Solar Inverters Market Breakdown, By System Type
10.5.6.4.3 Rest of MEA Solar Inverters Market Breakdown, By End User
10.6 SAM: Solar Inverters Market
10.6.1 Overview
10.6.2 SAM Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
10.6.3 SAM Solar Inverters Market Breakdown, By Type
10.6.4 SAM Solar Inverters Market Breakdown, By System Type
10.6.5 SAM Solar Inverters Market Breakdown, By End User
10.6.6 SAM Solar Inverters Market Breakdown, By Country
10.6.6.1 Brazil Solar Inverters Market, Revenue and Forecast to 2028
10.6.6.1.1 Brazil Solar Inverters Market Breakdown, By Type
10.6.6.1.2 Brazil Solar Inverters Market Breakdown, By System Type
10.6.6.1.3 Brazil Solar Inverters Market Breakdown, By End User
10.6.6.2 Argentina Solar Inverters Market, Revenue and Forecast to 2028
10.6.6.2.1 Argentina Solar Inverters Market Breakdown, By Type
10.6.6.2.2 Argentina Solar Inverters Market Breakdown, By System Type
10.6.6.2.3 Argentina Solar Inverters Market Breakdown, By End User
10.6.6.3 Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028
10.6.6.3.1 Rest of SAM Solar Inverters Market Breakdown, By Type
10.6.6.3.2 Rest of SAM Solar Inverters Market Breakdown, By System Type
10.6.6.3.3 Rest of SAM Solar Inverters Market Breakdown, By End User
11. Solar inverters Market - Covid-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 APAC: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 SAM: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 FIMER S.p.A.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Delta Electronics, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Enertechups
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 GOODWE
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Power Electronics S.L.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Powerone Micro Systems Pvt.Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Sineng Electric
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 SMA Solar Technology AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Solaredge Technologies Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Hitachi Hi-Rel Power Electronics Pvt Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
List of Tables
Table 1. Global Solar inverters Market Revenue Forecast and Forecast to 2028 (US$ Million)
Table 2. North America Solar Inverters Market, Revenue and Forecast To 2028 - By Type (US$ million)
Table 3. North America Solar Inverters Market, Revenue and Forecast To 2028 - By System Type (US$ million)
Table 4. North America Solar Inverters Market, Revenue and Forecast To 2028 - By End User (US$ million)
Table 5. North America Solar Inverters Market, Revenue and Forecast To 2028 - By Country (US$ million)
Table 6. US Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 7. US Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 8. US Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 9. Canada Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 10. Canada Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 11. Canada Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 12. Mexico Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 13. Mexico Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 14. Mexico Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 15. Europe Solar Inverters Market, Revenue and Forecast To 2028 - By Type (US$ million)
Table 16. Europe Solar Inverters Market, Revenue and Forecast To 2028 - By System Type (US$ million)
Table 17. Europe Solar Inverters Market, Revenue and Forecast To 2028 - By End User (US$ million)
Table 18. Europe Solar Inverters Market, Revenue and Forecast To 2028 - By Country (US$ million)
Table 19. Germany Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 20. Germany Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 21. Germany Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 22. France Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 23. France Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 24. France Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 25. Italy Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 26. Italy Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 27. Italy Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 28. UK Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 29. UK Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 30. UK Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 31. Russia Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 32. Russia Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 33. Russia Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 34. Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 35. Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 36. Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 37. APAC Solar Inverters Market, Revenue and Forecast To 2028 - By Type (US$ million)
Table 38. APAC Solar Inverters Market, Revenue and Forecast To 2028 - By System Type (US$ million)
Table 39. APAC Solar Inverters Market, Revenue and Forecast To 2028 - By End User (US$ million)
Table 40. APAC Solar Inverters Market, Revenue and Forecast To 2028 - By Country (US$ million)
Table 41. Australia Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 42. Australia Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 43. Australia Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 44. China Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 45. China Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 46. China Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 47. India Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 48. India Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 49. India Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 50. Japan Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 51. Japan Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 52. Japan Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 53. South Korea Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 54. South Korea Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 55. South Korea Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 56. Rest of APAC Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 57. Rest of APAC Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 58. Rest of APAC Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 59. MEA Solar Inverters Market, Revenue and Forecast To 2028 - By Type (US$ million)
Table 60. MEA Solar Inverters Market, Revenue and Forecast To 2028 - By System Type (US$ million)
Table 61. MEA Solar Inverters Market, Revenue and Forecast To 2028 - By End User (US$ million)
Table 62. MEA Solar Inverters Market, Revenue and Forecast to 2028 - By Country (US$ million)
Table 63. South Africa Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 64. South Africa Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 65. South Africa Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 66. Saudi Arabia Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 67. Saudi Arabia Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 68. Saudi Arabia Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 69. UAE Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 70. UAE Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 71. UAE Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 72. Rest of MEA Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 73. Rest of MEA Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 74. Rest of MEA Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 75. SAM Solar Inverters Market, Revenue and Forecast To 2028 - By Type (US$ million)
Table 76. SAM Solar Inverters Market, Revenue and Forecast To 2028 - By System Type (US$ million)
Table 77. SAM Solar Inverters Market, Revenue and Forecast To 2028 - By End User (US$ million)
Table 78. SAM Solar Inverters Market, Revenue and Forecast To 2028 - By Country (US$ million)
Table 79. Brazil Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 80. Brazil Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 81. Brazil Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 82. Argentina Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 83. Argentina Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 84. Argentina Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 85. Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 - By Type (US$ million)
Table 86. Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 - By System Type (US$ million)
Table 87. Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 - By End User (US$ million)
Table 88. List of Abbreviation
List of Figures
Figure 1. Solar Inverters Market Segmentation
Figure 2. Solar Inverters Market Segmentation - By Geography
Figure 3. Global Solar Inverters Market Overview
Figure 4. Solar Inverters Market, by Type
Figure 5. Solar Inverters Market, by System Type
Figure 6. Solar Inverters Market, by End User
Figure 7. Solar Inverters Market, by Geography
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Solar inverters Market- Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Solar Inverters Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Solar inverters Market
Figure 17. Global Solar inverters Market Revenue Forecast and Analysis (US$ Million)
Figure 18. Solar Inverters Market Revenue Share, By Type (2021 and 2028)
Figure 19. Central: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. String: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Micro: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Solar Inverters Market Revenue Share, By System Type (2021 and 2028)
Figure 23. On-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Off-Grid: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Solar Inverters Market Revenue Share, By End User (2021 and 2028)
Figure 26. Residential: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Commercial: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Utility: Solar Inverters Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Global Solar Inverters Market Breakdown, By Region, 2021 & 2028 (%)
Figure 30. North America Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 31. North America Solar Inverters Market Breakdown, By Type, 2021 & 2028 (%)
Figure 32. North America Solar Inverters Market Breakdown, By System Type, 2021 & 2028 (%)
Figure 33. North America Solar Inverters Market Breakdown, By End User, 2021 & 2028 (%)
Figure 34. North America Solar Inverters Market Breakdown, by Country, 2021 & 2028 (%)
Figure 35. US Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 36. Canada Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 37. Mexico Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 38. Europe Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 39. Europe Solar Inverters Market Breakdown, By Type, 2021 & 2028 (%)
Figure 40. Europe Solar Inverters Market Breakdown, By System Type, 2021 & 2028 (%)
Figure 41. Europe Solar Inverters Market Breakdown, By End User, 2021 & 2028 (%)
Figure 42. Europe Solar Inverters Market Breakdown, by Country, 2021 & 2028(%)
Figure 43. Germany Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 44. France Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 45. Italy Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 46. UK Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 47. Russia Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 48. Rest of Europe Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 49. APAC Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 50. APAC Solar Inverters Market Breakdown, By Type, 2021 & 2028 (%)
Figure 51. APAC Solar Inverters Market Breakdown, By System Type, 2021 & 2028 (%)
Figure 52. APAC Solar Inverters Market Breakdown, By End User, 2021 & 2028 (%)
Figure 53. APAC Solar Inverters Market Breakdown, by Country, 2021 & 2028 (%)
Figure 54. Australia Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 55. China Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 56. India Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 57. Japan Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 58. South Korea Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 59. Rest of APAC Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 60. MEA Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 61. MEA Solar Inverters Market Breakdown, By Type, 2021 & 2028 (%)
Figure 62. MEA Solar Inverters Market Breakdown, By System Type, 2021 & 2028 (%)
Figure 63. MEA Solar Inverters Market Breakdown, By End User, 2021 & 2028 (%)
Figure 64. MEA Solar Inverters Market Breakdown, By Country, 2021 & 2028 (%)
Figure 65. South Africa Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 66. Saudi Arabia Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 67. UAE Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 68. Rest of MEA Solar Inverters Market, Revenue and Forecast To 2028 (US$ million)
Figure 69. SAM Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 70. SAM Solar Inverters Market Breakdown, By Type, 2021 & 2028 (%)
Figure 71. SAM Solar Inverters Market Breakdown, By System Type, 2021 & 2028 (%)
Figure 72. SAM Solar Inverters Market Breakdown, By End User, 2021 & 2028 (%)
Figure 73. SAM Solar Inverters Market Breakdown, By Country, 2021 & 2028 (%)
Figure 74. Brazil Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 75. Argentina Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 76. Rest of SAM Solar Inverters Market, Revenue and Forecast to 2028 (US$ million)
Figure 77. Impact of COVID-19 Pandemic on North American Country Markets
Figure 78. Impact of COVID-19 Pandemic on European Country Markets
Figure 79. Impact of COVID-19 Pandemic on APAC Country Markets
Figure 80. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 81. Impact of COVID-19 Pandemic on SAM Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd
- Delta Electronics, Inc.
- Enertechups
- GOODWE
- Power Electronics S.L.
- Powerone Micro Systems Pvt.Ltd
- Sineng Electric
- SMA Solar Technology AG
- Solaredge Technologies Inc.
- Hitachi Hi-Rel Power Electronics Pvt Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 161 |
| Published | June 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 9806.67 Million |
| Forecasted Market Value ( USD | $ 16327.06 Million |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
