Solar Inverter Market 2019-2027, Credence Research | Size, Share & Forecast

The global solar inverter market was valued at US$ 6.9 billion in 2018 and is expected to grow at a CAGR of 5.5 percent over the forecast period.

SANJOSE, United States - July 22, 2019 /MarketersMedia/ —

According to a new market research report published by Credence Research “Global Solar inverter Market (Technology (Central inverter, String inverter, Microinverter, Others); Voltage ( 1,500 V.); Application (Utility-scale, Residential scale, Small commercial scale, Large commercial scale, Industrial scale)) – Growth, Future Prospects and Competitive Analysis,2019 - 2027”, the overall solar inverter market globally was valued at US$ 6.9 Bn in 2018 and is set to grow with a CAGR of 5.5% during the forecast period.

Market Insights

The global solar inverter market is highly driven by the rapidly growing due to the rapid adoption of solar panels among the end-user. There are several benefits of solar energy as it is a renewable energy source as it is available at almost every part of the globe, secondly, it is a clean energy which does not emit greenhouse gases, which results as an echo friendly source of energy. Moreover, the prices of solar panel have declined in recent years, making it affordable for individuals.

Several airports, manufacturing industries, and other organizations are shifting for solar energy as it results in reduction for the price of electricity produced from the traditional method. Moreover, the rising cost for fossil fuels and there is growing concern with respect to pollution, people are moving towards ecofriendly and cost-effective alternative to ease their lives. This is provoking governments to develop advanced infrastructure that would equally contribute to this eco-friendly initiatives. Hence, increasing government investments in the field of solar energy is also driving the market. Similarly, large number of companies is entering the solar inverter market based on the growth potential in the industry.

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Based on applications, large commercial and industrial-scale holds the largest position due to cost-efficiency of solar energy. Asia-Pacific holds the largest market share in the solar inverter market. This is due to developing economies such as India and China which constantly face the issues of intermittent power outages. This resulting in the demand for inverters and has grown during recent years. China is the largest country present globally, in terms of solar installations which is a driving power for the global solar industry.

Some of the prominent players operating in the solar inverter market include Huawei Technologies Co. Ltd, TBEA Sunoasis Co. Ltd, ABB Ltd., Schneider Electric SE, Sungrow Power Supply Co Ltd, Omron Corporation, Siemens AG, General Electric Company, Enphase Energy Inc., SMA Solar Technology AG, SolarEdge Technologies Inc., Sineng Electric Co. Ltd, Kstar New Energy Co. Ltd, Mitsubishi Electric Corporation, Tabuchi Electric Co. Ltd, TMEIC Corporation, and Delta Energy Systems Inc.

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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II-Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Solar Inverter Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Solar Inverter Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Solar Inverter Market Analysis, by Technology Segment, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 Central Inverter
4.3 String Inverter
4.4 Micro Inverter
4.5 Others

Chapter 5 Global Solar Inverter Market Analysis, by Application, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Utility Scale
5.3 Residential Scale
5.4 Small Commercial Scale
5.5 Large Commercial Scale
5.6 Industrial Scale

Chapter 6 Global Solar Inverter Market Analysis, by Voltage, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 Automotive
6.3 1,500 V

Chapter 7 North America Solar Inverter Market Analysis, 2017 – 2027 (US$ Bn)

Chapter 8 Europe Solar Inverter Market Analysis, 2017 – 2027 (US$ Bn)

Chapter 9 Asia Pacific Solar Inverter Market Analysis, 2017 – 2027 (US$ Bn)

Chapter 10 Rest of the World (RoW)Solar Inverter Market Analysis, 2017 – 2027 (US$ Bn)

Chapter 11 Company Profiles
11.1 ABB Ltd.
11.2 Huawei Technologies Co. Ltd
11.3 Schneider Electric SE
11.4 Siemens AG
11.5 Omron Corporation
11.6 General Electric Company
11.7 SMA Solar Technology AG
11.8 Enphase Energy Inc.
11.9 SolarEdge Technologies Inc.
11.10 Kstar New Energy Co. Ltd
11.11 Delta Energy Systems Inc.
11.12 TMEIC Corporation
11.13 TBEA Sunoasis Co. Ltd.
11.14 Sungrow Power Supply Co Ltd
11.15 Mitsubishi Electric Corporation
................toc continued

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Medium: Solar Inverter Market is growing with a CAGR of 5.5% during the forecast period

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