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PV Inverter Market - Global Outlook & Forecast 2023-2028

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    Report

  • 299 Pages
  • April 2023
  • Region: Global
  • Arizton
  • ID: 5781016
UP TO OFF until Apr 01st 2024
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The global PV inverter market is expected to grow at a CAGR of 13.54% during 2022 to 2028. In 2020, Sungrow Power Supply (Sungrow) surpassed Huawei to become the no.1 industry-leading player in the global PV inverter market (24% M/S based on shipment volume). The company targets an international industry share of 30% through overseas capacity expansions.
  • 2022 is the beginning of the inverter replacement cycle - New solar-powered PV capacity installations have expanded worldwide since 2015.
  • In 2022, according to the European Construction Industry Federation (FIEC), total investment in European construction was expected to increase by 2.4%, led by new home construction and civil engineering.
  • The US Department of Energy recommends reducing electricity usage by incorporating more energy-efficient PV inverters, which can significantly reduce the use of nonrenewable electricity for electrical appliances.
  • The US Department of Energy also estimates that a Photovoltaic inverter is up to 96% energy efficient. Implementing PV inverters in both residential and commercial buildings can largely facilitate the reduction of energy consumption and help in achieving the energy efficiency goals in the country.

KEY TRENDS & DRIVERS

Regulation on Energy Efficiency Driving PV Inverter Demand

As the global trend is shifting towards sustainability, governments worldwide are implementing regulations to reduce energy consumption and use it more efficiently across all stages of the energy chain, including generation, transmission, distribution, and end-use. Such policies drive consumers to shift toward renewable energy and reduce electricity consumption. The PV inverter market is pivotal in this era, where sustainable living and eco-friendly energy apply to most electrical appliances. The 2021 Europe commission introduced a new Energy Efficiency Directive to promote energy efficiency and achieve energy savings from climate change.

Growth of Green Building Activities

A Green building creates structures using environmentally sustainable and resource-efficient processes throughout the building's lifecycle, from siting to design, construction, operation, maintenance, renovation, and deconstruction.

Green buildings are also known as sustainable and high-performance buildings and include factors like:

  • Efficiently reducing the use of energy, water, and other resources.
  • Protecting the health of the residents and improving the productivity of the employees.
  • Effectively reduce the wastage of electricity, water, pollution, and environmental degradation.
Solar panels are an effective way for a building to meet its sustainability standards. These PV power panels can provide abundant eco-friendly energy resources, reducing or eliminating the need for electric consumption.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT TYPE

PV inverters are available in various types and designs. The global PV inverter market product type includes string, central, micro, and others, and in 2022, string inverters accounted for most of the global PV inverter market share. Unlike traditional inverters, string inverters are easier to install and less costly. They are directly connected to the grid and mostly do not have the facility of battery back-up the interiors in a smart and sophisticated way. Further, string-type inverters are highly suitable for commercial and residential sectors, encompassing small utility installations that usually fall under 1 MW. String inverters are best for homeowners looking for lower-cost PV systems or properties with uncomplicated roofs and consistent renewable electricity throughout the day.

Segmentation by Product Type

  • String Inverter
  • Central Inverter
  • Micro Inverter
  • Other Inverter

INSIGHTS BY PHASE TYPE

Inverters are utilized in solar systems to transform DC power from solar panels into AC power. They can produce three-phase or single-phase output. Residential users usually utilize single-phase power supply. The three-phase power supply is usually used for industrial locations as three-phase can transfer more power and power large equipment like heaters, machines, electric car chargers, etc. The global three-PV inverter market holds the largest market share and is projected to continue the trend during the forecast period. Using a three-phase inverter, the end user can provide extra electricity back to the grid, and having three lines also allows users to pull more power from the grid. This helps with heated pulls, larger AC units, and other high-consumption needs. Therefore, high-end commercial building highly attracts to the three-phase PV inverter market.

Segmentation by Phase Type

  • Three Phase
  • Single Phase

INSIGHTS BY CONNECTION TYPE

The global PV inverter market by grid type can be categorized as on-grid and off-grid. The global on-grid PV inverter market size crossed USD 5.1 billion in 2022. The on-grid solar inverter is a conversant part of the on-grid solar system. It performs the critical task of converting the Direct Current (DC) to Alternating Current (AC). The major advantages of the on-grid solar inverter are Energy Conversion, Ensuring System Safety, Grid Assistance, Tracking Power Production, and many more.

Segmentation by Connection Type

  • On-Grid
  • Off-Grid

INSIGHTS BY POWER OUTPUT TYPE

Many PV inverters are available in the market, but the devices are classified based on three power output ranges, starting at ( ( (< 0.5-33) Kw power output type held the largest global PV inverter market share.

Segmentation by Power Output

  • 33-110 Kw
  • >110 Kw

INSIGHTS BY END-USER

The utility end-user segment dominated the global PV inverter market in 2022. Solar power equipment and technologies are progressively making their way into the power generation, transmission, and distribution industry to increase the efficiency, productivity, and safety associated with power plants. With the help of solar electric power source digital technologies such as sensors, smart grids, and smart meters, the company and the customer have real-time and more accurate accounts of power usage. Further, although the construction and expansion of utility plants will drive the PV inverter market, most demand will be generated from house renovation. Modern house decors demand improved aesthetics, driving the demand for products such as PV inverters.

Segmentation by End User

  • Utilities
  • Commercial
  • Industrial
  • Residential

INSIGHTS BY DISTRIBUTION CHANNEL

The offline distribution channel dominated the global PV inverter market in 2022, and the segment is expected to witness an incremental growth of over USD 1.76 billion during the forecast period. Factors such as the broad reach in areas that lack better connectivity and brand loyalty, along with the quality of products, are driving the growth of this segment. Although the online channel holds a relatively lower share of the global PV inverter market, it is expected to grow at a higher CAGR during the forecast period. The proliferation of e-commerce and raising awareness of the benefits of online purchases, such as heavy discounts, occasional offers, and rising demand for convenience, is driving the growth of the online segment.

Segmentation by Distribution Channel

  • Offline
  • Online

GEOGRAPHICAL ANALYSIS

APAC dominated the global PV inverter market, with over 46% share in 2022. India, China, Australia, South Korea, and Japan mainly drive the region’s market growth. Strong economic growth coupled with rising construction activities and increasing disposable income has primarily supported the market growth in the region. The China market is witnessing a spurt in multiple real estate projects and public-private investments in various residential, industrial, and commercial development zones because of the boom in urbanization.

Segmentation by Geography

  • APAC
  • China
  • India
  • Japan
  • Australia
  • North America
  • US
  • Canada
  • Europe
  • Germany
  • UK
  • Spain
  • France
  • Italy
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Saudi Africa
  • Latin America
  • Brazil
  • Mexico
  • Argentina

COMPETITIVE LANDSCAPE

The global PV inverter market is highly competitive, with the presence of a large number of private and public companies. These vendors typically compete on a key range of product design, reliability, quality, support services, and price. The instant technological advancements adversely impact the industry vendors as consumers anticipate the continuous innovations and upgrades of products. The present scenario drives vendors to alter and enhance their unique value proposition to achieve a strong industry presence.

Key Company Profiles

  • SMA Solar Technology AG
  • Sungrow
  • Siemens AG
  • Delta Electronics, INC
  • Solaredge technologies, Inc
  • HUAWEI Technologies Co

Other Prominent Vendors

  • Fimer Group
  • Emerson Electric Co
  • GINLONG Technologies
  • Power Electronics S.L
  • HITACHI HI-REL Power Electronics PVT. LTD
  • Bosch
  • SunPower Corporation
  • Samsung
  • Johnson Controls
  • Panasonic
  • Fronius International GMBH
  • Lennox
  • TSI Incorporated
  • Enertronica Santerno SpA

KEY QUESTIONS ANSWERED:

1. How big is the PV inverter market?
2. What is the growth rate of the global PV inverter market?
3. Who are the key players in the global PV inverter market?
4. What are the significant trends in the PV inverter market?
5. Which region dominates the global PV inverter market share?

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.4 Market Segmentation
4.4.1 Market Segmentation by Product Type
4.4.2 Market Segmentation by Phase Type
4.4.3 Market Segmentation by Connection Type
4.4.4 Market Segmentation by Power Output
4.4.5 Market Segmentation by End-User
4.4.6 Market Segmentation by Distribution Channel
4.4.7 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Premium Insights
6.1.1 Opportunity & Challenge Analysis
6.1.2 Highlights
6.1.3 Product Type
6.1.4 Phase Type
6.1.5 Connection Type
6.1.6 End-User Type
6.1.7 Competitive Landscape
7 Market at a Glance
8 Introduction
8.1 Overview
8.2 Technology Integration
8.3 Global Key Highlights Regarding Solar Energy
8.4 Pv Installation in Residential Construction
8.5 Pv Installation in Commercial Construction
8.6 Government Regulations Promoting Solar Inverters
8.6.1 Overview
8.6.2 Repowereu Plan Contribution to Solar Pv Market Growth
8.6.3 Us Inflation Reduction Act Provides Benefits to Pv Inverter Market
8.7 Solar Pv Market Status
8.7.1 Market Competition for Pv Inverters
8.7.2 Market Life Duration or Payback Period for Pv Inverters
8.7.3 Market Initial Investment for Pv Inverters
8.8 Leading Player in Pv Inverter
8.8.1 Key Strategies by Key Industry Participants
8.9 Impact of Covid-19 and Russia Invasion
8.9.1 Russia & Ukraine Global Impact
8.10 Value Chain
8.10.1 Raw Material Suppliers & Components
8.10.2 Manufacturers
8.10.3 Dealers/Distributors
8.10.4 Retailers
8.10.5 End-Users
9 Market Opportunity & Trends
9.1 Regulation on Energy Efficiency Driving Pv Inverter Demand
9.2 Advances in Pv Inverters in Smart Homes
9.3 Airport Modernization
10 Market Growth Enablers
10.1 Growth of Green Building Activities
10.2 Incorporation of Photovoltaic in Rooftop
10.3 Sustainability Reshaping Global Construction Market
10.4 Incorporation of On-Site Photovoltaic Solar Power for the Data Centers Market
10.4.1 Data Center Utilization of Renewable Energy
11 Market Restraints
11.1 High Cost of Installing Solar Panels Hammer the Demand for Pv Inverter
11.2 Raw Material Price Volatility
11.3 Increased Competition from Chinese Vendors
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Product Type
13.1 Market Snapshot & Growth Engine (Value)
13.1.1 Market Overview
13.1.2 String Inverter: Market Size & Forecast
13.1.3 Central Inverter: Market Size & Forecast
13.1.4 Micro Inverter: Market Size & Forecast
13.1.5 Other Inverter: Market Size & Forecast
14 Phase Type
14.1 Market Snapshot & Growth Engine (Value)
14.1.1 Market Overview
14.1.2 Three Phase: Market Size & Forecast
14.1.3 Single Phase: Market Size & Forecast
15 Connection Type
15.1 Market Snapshot & Growth Engine (Value)
15.1.1 Market Overview
15.1.2 On-Grid: Market Size & Forecast
15.1.3 Off Grid: Market Size & Forecast
16 Power Output Type
16.1 Market Snapshot & Growth Engine (Value)
16.1.1 Market Overview
16.1.2 < 0.5-33 Kw Power Output: Market Size & Forecast
16.1.3 33-110 Kw Power Output: Market Size & Forecast
16.1.4 >110 Kw Power Output: Market Size & Forecast
17 End-User
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Utilities
17.3.1 Market Overview
17.3.2 Market Size & Forecast
17.4 Commercial
17.4.1 Market Overview
17.4.2 Market Size & Forecast
17.5 Industrial
17.5.1 Market Overview
17.5.2 Market Size & Forecast
17.6 Residential
17.6.1 Market Overview
17.6.2 Market Size & Forecast
18 Distribution Channel
18.1 Market Snapshot & Growth Engine (Value)
18.2 Market Overview
18.3 Offline
18.3.1 Market Overview
18.3.2 Dealers & Distributors
18.3.3 Specialty Stores
18.3.4 Mass Market Players
18.3.5 Market Size & Forecast (Value)
18.4 Online
18.4.1 Market Overview
18.4.2 Direct Sales
18.4.3 Third-Party Sales
18.4.4 Market Size & Forecast (Value)
19 Geography
19.1 Market Snapshot & Growth Engine (Value)
19.2 Geography Overview
20 Apac
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Product Type
20.3.1 Market Size & Forecast
20.4 Power Output
20.4.1 Market Size & Forecast
20.5 Phase Type
20.5.1 Market Size & Forecast
20.6 Connection Type
20.6.1 Market Size & Forecast
20.7 End-User
20.7.1 Market Size & Forecast
20.8 Distribution Channel
20.8.1 Market Size & Forecast
20.9 Key Countries
20.9.1 China: Market Size & Forecast
20.9.2 India: Market Size & Forecast
20.9.3 Japan: Market Size & Forecast
20.9.4 Australia: Market Size & Forecast
21 North America
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Product Type
21.3.1 Market Size & Forecast
21.4 Power Output
21.4.1 Market Size & Forecast
21.5 Phase Type
21.5.1 Market Size & Forecast
21.6 Connection Type
21.6.1 Market Size & Forecast
21.7 End-User
21.7.1 Market Size & Forecast
21.8 Distribution Channel
21.8.1 Market Size & Forecast
21.9 Key Countries
21.9.1 Us: Market Size & Forecast
21.9.2 Canada: Market Size & Forecast
22 Europe
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Product Type
22.3.1 Market Size & Forecast
22.4 Power Output
22.4.1 Market Size & Forecast
22.5 Phase Type
22.5.1 Market Size & Forecast
22.6 Connection Type
22.6.1 Market Size & Forecast
22.7 End-User
22.7.1 Market Size & Forecast
22.8 Distribution Channel
22.8.1 Market Size & Forecast
22.9 Key Countries
22.9.1 Germany: Market Size & Forecast
22.9.2 France: Market Size & Forecast
22.9.3 Uk: Market Size & Forecast
22.9.4 Italy: Market Size & Forecast
22.9.5 Spain: Market Size & Forecast
23 Mea
23.1 Market Overview
23.2 Market Size & Forecast
23.3 Product Type
23.3.1 Market Size & Forecast
23.4 Power Output
23.4.1 Market Size & Forecast
23.5 Phase Type
23.5.1 Market Size & Forecast
23.6 Connection Type
23.6.1 Market Size & Forecast
23.7 End-User
23.7.1 Market Size & Forecast
23.8 Distribution Channel
23.8.1 Market Size & Forecast
23.9 Key Countries
23.9.1 Saudi Arabia: Market Size & Forecast
23.9.2 Uae: Market Size & Forecast
23.9.3 South Africa: Market Size & Forecast
24 Latin America
24.1 Market Overview
24.2 Market Size & Forecast
24.3 Product Type
24.3.1 Market Size & Forecast
24.4 Power Output
24.4.1 Market Size & Forecast
24.5 Phase Type
24.5.1 Market Size & Forecast
24.6 Connection Type
24.6.1 Market Size & Forecast
24.7 End-User
24.7.1 Market Size & Forecast
24.8 Distribution Channel
24.8.1 Market Size & Forecast
24.9 Key Countries
24.9.1 Brazil: Market Size & Forecast
24.9.2 Mexico: Market Size & Forecast
24.9.3 Argentina: Market Size & Forecast
25 Competitive Landscape
25.1 Competition Overview
26 Key Company Profiles
26.1 Sma Solar Technology AG
26.1.1 Business Overview
26.1.2 Product Offerings
26.1.3 Key Strategies
26.1.4 Key Strengths
26.1.5 Key Opportunities
26.2 Sungrow
26.2.1 Business Overview
26.2.2 Product Offerings
26.2.3 Key Strategies
26.2.4 Key Strengths
26.2.5 Key Opportunities
26.3 Siemens AG
26.3.1 Business Overview
26.3.2 Product Offerings
26.3.3 Key Strategies
26.3.4 Key Strengths
26.3.5 Key Opportunities
26.4 Delta Electronics, Inc
26.4.1 Business Overview
26.4.2 Product Offerings
26.4.3 Key Strategies
26.4.4 Key Strengths
26.4.5 Key Opportunities
26.5 Solaredge Technologies, Inc.
26.5.1 Business Overview
26.5.2 Product Offerings
26.5.3 Key Strategies
26.5.4 Key Strengths
26.5.5 Key Opportunities
26.6 Huawei Technologies Co
26.6.1 Business Overview
26.6.2 Product Offerings
26.6.3 Key Strategies
26.6.4 Key Strengths
26.6.5 Key Opportunities
27 Other Prominent Vendors
27.1 Fimer Group
27.1.1 Business Overview
27.1.2 Product Offerings
27.2 Emerson Electric Co.
27.2.1 Business Overview
27.2.2 Product Offerings
27.3 Ginlong Technologies
27.3.1 Business Overview
27.3.2 Product Offerings
27.4 Power Electronics S.L
27.4.1 Business Overview
27.4.2 Product Offerings
27.5 Hitachi Hi-Rel Power Electronics Pvt. Ltd
27.5.1 Business Overview
27.5.2 Product Offerings
27.6 Bosch
27.6.1 Business Overview
27.6.2 Product Offerings
27.7 Sunpower Corporation
27.7.1 Business Overview
27.7.2 Product Offerings
27.8 Samsung
27.8.1 Business Overview
27.8.2 Product Offerings
27.9 Johnson Controls
27.9.1 Business Overview
27.9.2 Product Offerings
27.10 Panasonic
27.10.1 Business Overview
27.10.2 Product Offerings
27.11 Fronius International GmbH
27.11.1 Business Overview
27.11.2 Product Offerings
27.12 Lennox
27.12.1 Business Overview
27.12.2 Product Offerings
27.13 Tsi Incorporated
27.13.1 Business Overview
27.13.2 Product Offerings
27.14 Enertronica Santerno S.P.A
27.14.1 Business Overview
27.14.2 Product Offerings
28 Report Summary
28.1 Key Takeaways
28.2 Strategic Recommendations
29 Quantitative Summary
29.1 Market by Geography
29.1.1 Market Size & Forecast
29.2 Market by Product Type
29.2.1 Market Size & Forecast
29.3 Market by Power Output
29.3.1 Market Size & Forecast
29.4 Market by Phase Type
29.4.1 Market Size & Forecast
29.5 Market by Connection Type
29.5.1 Market Size & Forecast
29.6 Market by End-user
29.6.1 Market Size & Forecast
29.7 Market by Distribution Channel
29.7.1 Market Size & Forecast
30 Appendix
30.1 Abbreviations
List of Exhibits
Exhibit 1 Global Pv Inverter Market: Segmentation
Exhibit 2 Market Size Calculation Approach 2022
Exhibit 3 Global New Installed Global Solar Pv Capacity 2020-2024 (Gw)
Exhibit 4 Factors Attracting Ongoing Green Energy Transformation in 2050
Exhibit 5 Major Highlights of Pv Market 2022
Exhibit 6 Top Ten European Countries Pv Markets in 2022 (Gigawatts - Gw)
Exhibit 7 Global Hotel Construction Insights 2021
Exhibit 8 Advantages of Repowereu Plan
Exhibit 9 Value Chain Analysis of Pv Inverter Systems Market
Exhibit 10 Impact of Regulation on Energy Efficiency Driving Pv Inverter Demand
Exhibit 11 Us Percentage Share of Total Electricity Retail Sales and Retail Sales of Electricity in Major Consuming Sectors (2021)
Exhibit 12 Overall Global Energy Consumption Level (2021)
Exhibit 13 Impact of Advances of Pv Inverters in Smart Homes
Exhibit 14 Advantages of Smart Pv Inverters Technologies (2022)
Exhibit 15 Impact of Airport Modernization
Exhibit 16 Airport Council International Global Passenger Traffic Projections by Billion 2020 - 2025
Exhibit 17 Europe Countries Passenger Traffic Growth in March 2022 (Yoy)
Exhibit 18 Impact of Growth of Green Building Activities
Exhibit 19 According to Iea Highest Level of Solar Energy Consumption by Countries in 2022(Gw)
Exhibit 20 Impact of Incorporation of Photovoltaic in Rooftop
Exhibit 21 Benefits of Photovoltaic Pv Inverter
Exhibit 22 Impact of Sustainability Reshaping Global Construction Market
Exhibit 23 Top Five Countries With Highest Sustainable Construction Activities and Global Average by Sectors Shares (2021)
Exhibit 24 Impact of Incorporation of On-Site Photovoltaic Solar Power for the Data Centers Market
Exhibit 25 Advantages of Solar Power in Data Centers
Exhibit 26 Impact of High Cost of Installation Solar Panels Hammer Demand for Pv Inverter
Exhibit 27 Impact of Raw Material Price Volatility
Exhibit 28 Impact of Increased Competition from Chinese Vendors
Exhibit 29 Changes in Buildings in Response to Covid-19 (2021)
Exhibit 30 Global Pv Inverter Market 2022-2028 ($ Million)
Exhibit 31 Five Forces Analysis 2022
Exhibit 32 Incremental Growth by Product Type 2022 & 2028(Value)
Exhibit 33 Role of Solar Inverters in Solar Pv Systems
Exhibit 34 Global Pv Inverter Market by Product Type Market Share 2022 (%)
Exhibit 35 Advantages of String Inverters
Exhibit 36 Global String Inverters Market 2022-2028 ($ Million)
Exhibit 37 Advantage of Central Inverter
Exhibit 38 Global Central Inverters Market 2022-2028 ($ Million)
Exhibit 39 Advantages of Micro Inverter
Exhibit 40 Global Micro Inverter Market 2022-2028 ($ Million)
Exhibit 41 Advantages of Hybrid Pv Inverters
Exhibit 42 Global Other Inverter Market 2022-2028 ($ Million)
Exhibit 43 Incremental Growth by Phase Type 2022 & 2028(Value)
Exhibit 44 Global Pv Inverter Market by Phase Type Market Share 2022 (%)
Exhibit 45 Global Three-Phase Inverters Market 2022-2028 ($ Million)
Exhibit 46 Global Single Phase Inverters Market 2022-2028 ($ Million)
Exhibit 47 Incremental Growth by Connection Type 2022 & 2028(Value)
Exhibit 48 Global Pv Inverter Market by Connection Type Market Share 2022 (%)
Exhibit 49 Global on Grid Solar Pv Inverters Market 2022-2028 ($ Million)
Exhibit 50 Global Off-Grid Inverters Market 2022-2028 ($ Million)
Exhibit 51 Incremental Growth by Power Output Type 2022 & 2028(Value)
Exhibit 52 Global Pv Inverter Market Share by Power Output Type Market Share 2022 (%)
Exhibit 53 Global Pv Inverter < 0.5-33 Kw Power Output Market 2022 (% Share)
Exhibit 54 Global < 0.5-33 Kw Power Output Market 2022-2028 ($ Million)
Exhibit 55 Global Pv Inverter 33-110 Kw Power Output Market 2022 (% Share)
Exhibit 56 Global 33-110 Kw Power Output Market 2022-2028 ($ Million)
Exhibit 57 Global Pv Inverter >110 Kw Power Output Market 2022 (% Share)
Exhibit 58 Global >110Kw Power Output Market 2022-2028 ($ Million)
Exhibit 59 Incremental Growth by End-User 2022 & 2028
Exhibit 60 Global Residential Pv Inverter Market 2022-2028 ($ Million)
Exhibit 61 Global Commercial Pv Inverter Market 2022-2028 ($ Million)
Exhibit 62 Number of Nuclear Reactors Construction Projects Stages
Exhibit 63 Global Industrial Pv Inverter Market 2022-2028 ($ Million)
Exhibit 64 Global Residential Pv Inverter Market 2022-2028 ($ Million)
Exhibit 65 Incremental Growth by Distribution Channel 2022 & 2028
Exhibit 66 Classification of Pv Inverter Systems Market by Distribution Channel
Exhibit 67 Global Pv Inverter Market by Offline 2022-2028 ($ Million)
Exhibit 68 Classification of Online Distribution Channels
Exhibit 69 Global Pv Invert Market by Online 2022-2028 ($ Million)
Exhibit 70 Incremental Growth by Geography 2022 & 2028 (Value)
Exhibit 71 Top Countries Solar Power Share 2021
Exhibit 72 Value of Construction Activities in Europe in 2020 ($ Billion)
Exhibit 73 APAC Solar Pv Capacity 2020-2021 (Gw - Gigawatt)
Exhibit 74 Pv Inverter Market in APAC 2022-2028 ($ Million)
Exhibit 75 Incremental Growth in APAC 2022 & 2028
Exhibit 76 Pv Inverter Market in China 2022-2028 ($ Million)
Exhibit 77 Largest Construction Projects Initiated in India
Exhibit 78 Pv Inverter Market in India 2022-2028 ($ Million)
Exhibit 79 Pv Inverter Market in Japan 2022-2028 ($Million)
Exhibit 80 Office Building Construction Projects 2022
Exhibit 81 Pv Inverter Market in Australia 2022-2028 ($ Million)
Exhibit 82 Pv Inverter Market in North America 2022-2028 ($Million)
Exhibit 83 Incremental Growth by North America 2022 & 2028 (Value)
Exhibit 84 Us Forecast Growth of Non-Residential Construction by Type 2022
Exhibit 85 Us Pv Inverter Market 2022-2028 ($ Million)
Exhibit 86 Investment in Non-Residential Building Construction June 2022 ($ Million)
Exhibit 87 Pv Inverter Market in Canada 2022-2028 ($ Million)
Exhibit 88 Pv Inverter Market in Europe 2022-2028 ($ Million)
Exhibit 89 Incremental Growth by Europe 2022 & 2028 (Value)
Exhibit 90 Pv Inverter Market in Germany 2022-2028 ($ Million)
Exhibit 91 Five Healthcare Building Construction Projects 2022
Exhibit 92 Pv Inverter Market in France 2022-2028 ($ Million)
Exhibit 93 UK Pv Inverter Market 2022-2028 ($ Million)
Exhibit 94 Italy: Five Largest Commercial Construction Projects Started in Q1 2022 ($Mn)
Exhibit 95 Pv Inverter Market in Italy 2022-2028 ($ Million)
Exhibit 96 Average Expense for Construction of Residential Housing in 2021($ Thousand))
Exhibit 97 Pv Inverter Market in Spain 2022-2028 ($ Million)
Exhibit 98 Pv Inverter Market in MEA 2022-2028 ($ Million)
Exhibit 99 Incremental Growth in MEA 2022 & 2028
Exhibit 100 Saudi Arabian Aviation Construction Projects 2022
Exhibit 101 Pv Inverter Market in Saudi Arabia 2022-2028 ($ Million)
Exhibit 102 Uae Residential Sector Outlook (2021)
Exhibit 103 Uae Office Space Outlook (2021)
Exhibit 104 Uae Pv Inverter Market 2022-2028 ($ Million)
Exhibit 105 Pv Inverter Market in South Africa 2022-2028 ($ Million)
Exhibit 106 Value of Construction Industry in Latin American 2022 ($ Bn)
Exhibit 107 Pv Inverter Market in Latin America 2022-2028 ($ Million)
Exhibit 108 Incremental Growth in Latin America 2022 & 2028
Exhibit 109 Largest Construction Projects Initiated in Brazil
Exhibit 110 Pv Inverter Market in Brazil 2022-2028 ($ Million)
Exhibit 111 Mexico Construction Outlook 2020-2022 (% Change Yoy)
Exhibit 112 Pv Inverter Market in Mexico 2022-2028 ($ Million)
Exhibit 113 Pv Inverter Market in Argentina 2022-2028 ($ Million)
Exhibit 114 Key Vendors Market Position (2022)
Exhibit 115 Key Vendors Market Value (2022)
Exhibit 116 Sma Solar Technology Ag: Financial Highlights (2021 - 2022)
Exhibit 117 Siemens Ag: Financial Highlights (2021 - 2022)
Exhibit 118 Delta Electronics, Inc: Production Highlights (2021)
Exhibit 119 Delta Electronics, Inc: Consolidated Worldwide Sales Revenue ($ Bn)
Exhibit 120 Solaredge Technologies, Inc: Financial Highlights (2021 - 2022)
Exhibit 121 Huawei Technologies Co: Financial Highlights (2021 - 2022)
Exhibit 122 Emerson Electric Co: Revenue Profile Shares Percentage (2021 - 2022)
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2015-2022
Table 3 Solar Pv Market Parameters With Various Attracting Factors
Table 4 Asia-Pacific Five Largest Pv-Powered Airport Infrastructure Construction Started in 2021 ($ Million)
Table 5 Global Photovoltaic Building Projects (2022)
Table 6 Average Cost of Solar Panels Installation (2022)
Table 7 Solar Panel Costs and Pricing Estimates by State (2022)
Table 8 Installation Cost of Pv Inverter (2022)
Table 9 Prices of Few Chinese Brands of Pv Inverter (2021)
Table 10 Global Pv Inverter Market by Product Type 2022-2028 ($ Million)
Table 11 Global Pv Inverter Market by Phase Type 2022-2028 ($ Million)
Table 12 Global Pv Inverter Market by Connection Type 2022-2028 ($ Million)
Table 13 Advantages and Disadvantages of Off-Grid Pv Inverters
Table 14 Global Pv Inverter Market by Power Output Type 2022-2028 ($ Million)
Table 15 Global Pv Inverter Market by End-User 2022-2028 ($ Million)
Table 16 Asia-Pacific's Five Largest Solar Energy Construction Projects in 2022 ($ Million)
Table 17 Europe Upcoming Solar Utility Power Plants Projects
Table 18 Number of Commercial Construction Projects Initiated in China (2022)
Table 19 Asia-Pacific's Five Largest Hotel Construction Projects in 2022 ($ Million)
Table 20 Us Construction Office Building Construction Projects 2022 ($ Million)
Table 21 Asia-Pacific Five Largest Airport Infrastructure Construction in 2021 ($ Million)
Table 22 Five Largest Hospital Construction Projects in North America in 2022 ($ Million)
Table 23 Gas Chemical Complex Construction Projects in 2022 ($Billion)
Table 24 Us Residential Construction Data (2022)
Table 25 Us Residential Construction Projects (2021-2022)
Table 26 Multi-Family Housing Construction Projects in Europe (2022)
Table 27 Housing Construction Projects in APAC (2022)
Table 28 Pv Inverter Systems Market by Distribution Channel 2022-2028 ($ Million)
Table 29 Top Cities Office Building Construction Projects in APAC 2021 ($ Million)
Table 30 Top Countries Multi-Family Housing Construction Projects ($ Million)
Table 31 Pv Inverter Market by Product Type in APAC 2022-2028 ($ Million)
Table 32 Pv Inverter Market by Power Output in APAC 2022-2028 ($ Million)
Table 33 Pv Inverter Market by Phase Type in APAC 2022-2028 ($ Million)
Table 34 Pv Inverter Market by Connection Type in APAC 2022-2028 ($ Million)
Table 35 Pv Inverter Market by End-User in APAC 2022-2028 ($ Million)
Table 36 Pv Inverter Market by Distribution Channel in APAC 2022-2028 ($ Million)
Table 37 Five Largest Construction Projects Initiated in China.
Table 38 Building Approvals Australia in Units 2022
Table 39 Pv Inverter Market by Product Type in North America 2022-2028 ($Million)
Table 40 Pv Inverter Market by Power Output in North America 2022-2028 ($ Million)
Table 41 Pv Inverter Market by Phase Type in North America 2022-2028 ($ Million)
Table 42 Pv Inverter Market by Connection Type in North America 2022-2028 ($ Million)
Table 43 Pv Inverter Market by End-User in North America 2022-2028 ($ Million)
Table 44 Pv Inverter Market by Distribution Channel in North America 2022-2028 ($ Million)
Table 45 Private & Government Office Building Construction Projects 2022
Table 46 Europe Retail Building Construction Projects 2022
Table 47 Pv Inverter Market by Product Type in Europe 2022-2028 ($Million)
Table 48 Pv Inverter Market by Power Output in Europe 2022-2028 ($ Million)
Table 49 Pv Inverter Market by Phase Type in Europe 2022-2028 ($ Million)
Table 50 Pv Inverter Market by Connection Type in Europe 2022-2028 ($ Million)
Table 51 Pv Inverter Market by End-User in Europe 2022-2028 ($ Million)
Table 52 Pv Inverter Market by Distribution Channel in Europe 2022-2028 ($ Million)
Table 53 Five Residential and Commercial Construction Projects 2022
Table 54 UK New Hotel Projects 2022-2023
Table 55 UK Average Solar Panel Costs and Savings (2023)
Table 56 Pv Inverter Market by Product Type in MEA 2022-2028 ($Million)
Table 57 Pv Inverter Market by Power Output in MEA 2022-2028 ($ Million)
Table 58 Pv Inverter Market by Phase Type in MEA 2022-2028 ($ Million)
Table 59 Pv Inverter Market by Connection Type in MEA 2022-2028 ($ Million)
Table 60 Pv Inverter Market by End-User in MEA 2022-2028 ($ Million)
Table 61 Pv Inverter Market by Distribution Channel in MEA 2022-2028 ($ Million)
Table 62 Pv Inverter Market by Product Type in Latin America 2022-2028 ($Million)
Table 63 Pv Inverter Market by Power Output in Latin America 2022-2028 ($ Million)
Table 64 Pv Inverter Market by Phase Type in Latin America 2022-2028 ($ Million)
Table 65 Pv Inverter Market by Connection Type in Latin America 2022-2028 ($ Million)
Table 66 Pv Inverter Market by End-User in Latin America 2022-2028 ($ Million)
Table 67 Pv Inverter Market by Distribution Channel in Latin America 2022-2028 ($ Million)
Table 68 Sma Solar Technology Ag: Major Product Offerings
Table 69 Sungrow Co: Major Product Offerings
Table 70 Siemens Ag: Major Product Offerings
Table 71 Delta Electronics, Inc: Major Product Offerings
Table 72 Solaredge Technologies, Inc: Major Product Offerings
Table 73 Huawei Technologies Co: Major Product Offerings
Table 74 Fimer Group: Major Product Offerings
Table 75 Emerson Electric Co: Major Product Offerings
Table 76 Ginlong Technologies: Major Product Offerings
Table 77 Power Electronics S.L.: Major Product Offerings
Table 78 Hitachi Hi-Rel Power Electronics Pvt. Ltd: Major Product Offerings
Table 79 Bosch: Major Product Offerings
Table 80 Sunpower Corporation: Major Product Offerings
Table 81 Samsung: Major Product Offerings
Table 82 Johnson Controls: Major Product Offerings
Table 83 Panasonic: Major Product Offerings
Table 84 Fronius International Gmbh: Major Product Offerings
Table 85 Lennox: Major Product Offerings
Table 86 Tsi Incorporated: Major Product Offerings
Table 87 Enertronica Santerno Spa: Major Product Offerings
Table 88 Global Pv Inverter Market by Geography 2022-2028 ($ Million)
Table 89 Global Pv Inverter Market by Product Type 2022-2028 ($ Million)
Table 90 Global Pv Inverter Market by Power Output2022-2028 ($ Million)
Table 91 Global Pv Inverter Market by Phase Type 2022-2028 ($ Million)
Table 92 Global Pv Inverter Market by Connection Type 2022-2028 ($ Million)
Table 93 Global Pv Inverter Market by End-user 2022-2028 ($ Million)
Table 94 Global Pv Inverter Market by Distribution Channel 2022-2028 ($ Million)

Companies Mentioned

  • SMA Solar Technology AG
  • Sungrow
  • Siemens AG
  • Delta Electronics, INC
  • Solaredge technologies, Inc
  • HUAWEI Technologies Co
  • Fimer Group
  • Emerson Electric Co
  • GINLONG Technologies
  • Power Electronics S.L
  • HITACHI HI-REL Power Electronics PVT. LTD
  • Bosch
  • SunPower Corporation
  • Samsung
  • Johnson Controls
  • Panasonic
  • Fronius International GMBH
  • Lennox
  • TSI Incorporated
  • Enertronica Santerno SpA

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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