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PV Inverter Market 2019 Industry Size, Trends and Growth By 2026 - ARC Analysis

Lehdistötiedote   •   Elo 23, 2019 09:14 EEST

According to ARC's latest market research report, the global PV Inverter Market is anticipated to generate revenues of around $12.1 billion by 2026, growing at a CAGR of over 8.1% during 2019-2026.

PV Inverter Market 2019 - 2026 research report includes the SWOT analysis that's Strengths, Weakness, Opportunities and Threats which provides you complete analysis of competitors, market growth, market share and in addition as CAGR comparison by region.

Rising industry initiatives to improve solar inverter technology's effectiveness and operational lives will favorably affect business dynamics. Growing penetration of large-scale photovoltaic initiatives to achieve green economy status will increase consumer implementation. Demand for solar photovoltaics (PV) inverters is motivated mainly by enhanced demand for solar energy and renewable generation. Globally, solar power is anticipated to dominate fresh power acquisitions in the renewable industry; where initiatives bigger than 5 megawatts will retain over 60% of the worldwide industry. This requires into consideration the development of all PV devices during facilities, including solar inverters, used for electricity transformation.

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Renewables have experienced unprecedented development over the previous century, continuously exceeding expectations. More businesses commit to their energy shifts from standard to renewable sources. The evolving customer desire for a sustainable setting, ambitious central government objectives combined with appropriate preparation and execution of several supporting measures have resulted to important advances in renewable energy. Renewable power has become predominantly a viable option as culture lies at a critical juncture where the earth is on a cusp of adopting clean power on an unprecedented scale.

Solar power has quickly gained popularity. It produces electricity without pollution, no fuel price volatility, and no gas expenses. Also, the sustainability potential of moving the globe toward inexpensive, reliable, and cleaner energy sources is also an important development parameter. Such variables led in enhanced photovoltaic facilities, directly affecting supply for PV inverters. Solar machinery experienced continuous development in all end-use industries combined with potential development opportunities in housing, industrial, and utility-scale industries. Utility is among the solar PV inverter market's most expanding end-use industries. Industry presently accounts for about one-third of worldwide energy use. Industrial and commercial energy demand was the most impactful development opportunities, particularly in developing and emerging markets. The latest market innovation is the photovoltaic inverter solar panel concept. Increasing R&D operations to improve PV technology's operational efficiency and cost-effectiveness will further fuel consumer requirement.

Cost efficiency, lengthy operating life and capacity to operate under fluctuating energy circumstances are some of the essential parameters affecting item acceptance. In addition, increasing incorporation of intelligent working parts and the implementation of sophisticated cloud techniques will further fuel business dynamics. Single-phase PV inverter technology is expected to witness considerable growth due to rising urban migration, along with supporting government reforms to reinforce small-scale industries. Growing rooftop photovoltaic technology penetration with legislative steps to achieve full electrification status will boost brand acceptance. Growing investments in large-capacity photovoltaic initiatives with improved operational efficiency will drive business dynamics. Moreover, increasing demand for uninterrupted energy across multiple sectors including mining, steel, electronics, and oil & gas will further increase item implementation.

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Asia Pacific resulted with over 50% market share in 2018. This can be immediately ascribed to ordering several grid-scale solar plants across the region, particularly China and India. Government subsidies and buy incentives performed a key part in pushing the region's solar power plants. China is the world's biggest solar-based nation and is regarded a driving force for global solar sector. The nation altered the worldwide energy map with an exceptional rise in solar investment. Japan has led significantly to the Asian economy due to its market players and technological advances combined with increasing demand for intelligent solar. North America is a mature US economy as a major contributor.

Key Players & Strategies

Some vital players in the PV Inverter market include Siemens AG, Hitachi Eaton, H-Rel Power Electronics Pvt. Ltd, ABB, Tigo Energy, SunPower Corporation, KACO Omron Corporation, Power-One, and Enphase Energy. Solar inverters' value chain is significantly complex, as is the entire value chain of photovoltaics. Different solar value chain elements represent varying income generation.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope
1.1.1. Definition of PV Inverter
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. PV Inverter Market By Product
1.2.2.1. Global PV Inverter Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.2.2. Global PV Inverter Market Revenue Share By Product in 2018
1.2.2.3. String
1.2.2.4. Central
1.2.2.5. Micro
1.2.2.6. Others
1.2.3. PV Inverter Market By End Use
1.2.3.1. Global PV Inverter Market Revenue and Growth Rate Comparison By End Use (2015-2026)
1.2.3.2. Global PV Inverter Market Revenue Share By End Use in 2018
1.2.3.3. Residential
1.2.3.4. Commercial & Industrial
1.2.3.5. Utilities
1.2.4. PV Inverter Market by Geography
1.2.4.1. Global PV Inverter Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America PV Inverter Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe PV Inverter Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific PV Inverter Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America PV Inverter Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) PV Inverter Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global PV Inverter Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global PV Inverter Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global PV Inverter Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global PV Inverter Major Manufacturers in 2018

CHAPTER 4. PV INVERTER MARKET BY PRODUCT

4.1. Global PV Inverter Revenue By Product
4.2. String
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Central
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Micro
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Others
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. PV INVERTER MARKET BY END USE

5.1. Global PV Inverter Revenue By End Use
5.2. Residential
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Commercial & Industrial
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Utilities
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. NORTH AMERICA PV INVERTER MARKET BY COUNTRY

6.1. North America PV Inverter Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America PV Inverter Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. PV Inverter Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 7. EUROPE PV INVERTER MARKET BY COUNTRY

7.1. Europe PV Inverter Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe PV Inverter Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC PV INVERTER MARKET BY COUNTRY

8.1. Asia-Pacific PV Inverter Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific PV Inverter Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 9. LATIN AMERICA PV INVERTER MARKET BY COUNTRY 

9.1. Latin America PV Inverter Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America PV Inverter Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 10. MIDDLE EAST PV INVERTER MARKET BY COUNTRY 

10.1. Middle East PV Inverter Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East PV Inverter Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 11. AFRICA PV INVERTER MARKET BY COUNTRY 

11.1. Africa PV Inverter Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Africa PV Inverter Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)

CHAPTER 12. COMPANY PROFILE

12.1. Siemens AG
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Hitachi Eaton
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. H-Rel Power Electronics Pvt. Ltd
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. ABB
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Tigo Energy
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. SunPower Corporation
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. KACO Omron Corporation
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Power-One
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Enphase Energy
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies

CHAPTER 13. RESEARCH APPROACH

13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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