Grid Forming Inverter Market
PUBLISHED: 2023 ID: SMRC24398
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Grid Forming Inverter Market

Grid-forming Inverter Market Forecasts to 2030 - Global Analysis By Type (Micro Inverter, Central Inverter, String Inverter, Hybrid-Inverters and Other Types), Output Power Rating, Voltage, Application, End User and By Geography

4.3 (19 reviews)
4.3 (19 reviews)
Published: 2023 ID: SMRC24398

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $680.0 MN

Projected Year Value (2030)

US $1,402.9 MN

CAGR (2023 - 2030)

10.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Grid-forming Inverter Market is accounted for $680.0 million in 2023 and is expected to reach 1,402.9 million by 2030 growing at a CAGR of 10.9% during the forecast period. In order to incorporate renewable energy sources like solar, wind, and hydroelectric power into the electrical system, grid-forming inverters are necessary. They make it possible for these sporadic energy sources to synchronize with the grid and increase system stability.  The voltage and frequency of the grid, which are essential elements for guaranteeing the stability and dependability of the power system, may be actively controlled and regulated by these inverters. They support grid stabilization in the event of power generation variations or disruptions.

According to the International Energy Agency Worldwide renewable electricity capacity is predicted to expand by more than 60% from 2020 to over 4,800 (GW) by 2026, equaling the total global power capacity of fossil fuels and nuclear power combined.

Market Dynamics: 

Driver: 

Growing investment in the sector of renewable energy

One major factor propelling the grid-forming inverter market is the increase in investments in the renewable energy industry. The globe is investing a lot more in renewable power production technologies like solar, wind, and hydropower as it moves toward a more sustainable energy future. Numerous considerations, such as the need to battle climate change, lower greenhouse gas emissions, and improve energy security, are driving these investments. In order to incorporate renewable energy sources into the electrical system, grid-forming inverters are essential. This makes it possible for renewable energy sources to function in islanded or microgrid setups and contribute to system stability.

Restraint:

Stringent grid codes and regulations

Grid codes are a set of rules that control how the grid functions. Usually, they outline the standards for the power quality that must be produced in addition to the inverters' communication protocols. Country-to-country variations exist in grid codes, which can be complicated and hard to follow. Grid-forming inverter deployment is encouraged financially in some nations additionally to helping to defray the cost of installing grid-forming inverters, which hamper the growth of the market.

Opportunity:

Demand for energy storage integration

Grid-forming inverters are becoming more and more necessary as the focus on integrating energy storage to control renewable energy fluctuation and improve grid performance grows. These inverters are essential for regulating and monitoring how energy storage devices, the grid, and renewable energy sources interact.  Energy storage systems and renewable energy sources, such solar and wind power, may be seamlessly integrated thanks to grid-forming inverters. Moreover, they maximize energy storage units' performance inside the grid by making it easier for them to be charged and discharged under control which creates propelling opportunities for the market growth.

Threat:

Technological challenges 

The rate of invention and advancement in grid-forming inverter technology can be slowed down by technological obstacles. The release of new, more sophisticated inverters onto the market might be slowed delayed by difficulties in overcoming these obstacles. Moreover, the Inadequate technological solutions might result in grid-forming inverters that are less effective, perform worse, or have less capabilities. This may affect how well they control the voltage, frequency, and stability of the grid as a whole thus impeding the growth of the market.

Covid-19 Impact

Global supply chains were disrupted by the epidemic, which had an impact on the production and availability of parts needed for grid-forming inverters. The supply of inverters was impacted by production slowdowns, delays in obtaining raw materials, and logistical difficulties. However, the epidemic brought attention to the significance of energy resiliency and renewable energy sources, despite brief outages. Investments in renewable energy projects including those with grid-forming inverters became more and more popular as governments shifted their attention to sustainability and economic recovery.

The micro inverter segment is expected to be the largest during the forecast period

The micro inverter segment is estimated to have a lucrative growth; due to the panel-level monitoring features offered by microinverters, it is possible to precisely track each solar panel's performance. This granularity facilitates the prompt detection of problems or inefficiencies in individual panels, hence enhancing the overall efficiency and maintenance of the system.  By lowering high DC voltages at the panel level and boosting safety during installation, maintenance, and emergency situations, microinverters increase system safety. Their decentralized architecture further strengthens the system's redundancy thus boosting the growth of the market.

The wind power plants segment is expected to have the highest CAGR during the forecast period

The wind power plants segment is anticipated to witness the highest CAGR growth during the forecast period, because wind turbines with grid-forming inverters may regulate and control the electrical output's voltage and frequency. Additionally, maintaining grid stability and dependability requires making sure that the generated electricity meets the grid's requirements. Variations in wind speed can lead to variations in wind power generation thereby by modifying the output power to fit the grids demand and preserve grid stability even during changes in wind energy production, grid-forming inverters assist in managing these variances.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to the demand for grid-forming inverters is being driven by supportive government policies, incentives, and programs that emphasize grid stability and the deployment of renewable energy in nations around the Asia Pacific region.  In order to effectively fulfil the expanding energy requirements, innovative grid technologies such as grid-forming inverters are becoming more necessary in Asia Pacific countries because to their rapid economic expansion and rising energy consumption. Moreover, advances in grid-forming inverter technology are being made possible by investments in modernizing and updating grid infrastructure, especially in emerging nations.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to distributed renewable energy sources which will replace centralized power generation as part of Europe's push toward decentralized energy systems. Grid-forming inverters promote the stability of decentralized power networks, which makes this transition easier. Europe's growing emphasis on grid modernization and the integration of renewable energy sources has led to a surge in the use of grid-forming inverters. Grid-forming inverters, which facilitate the integration of renewable energy sources and enable grid stability and resilience, are becoming crucial parts of Europe's changing energy environment.

Key players in the market

Some of the key players profiled in the Grid-forming Inverter Market include Power Electronics, TBEA Xingjiang Sunoasis, Growatt New Energy, Huawei Technologies Co. Ltd.,  General Electric, SMA Solar Technology, Schneider Electric, SolarEdge Technologies, Delta Electronics, Altenergy Power System, Sensata Technologies, Delphi Technologies, KACO New Energy, TMEIC, Fronius International, Goodwe, Enphase Energy, Games Electric, SunPower Corporation and Canadian Solar In

Key Developments:

In November 2023, GE Vernova to collaborate with Duke Energy on nation’s first 100% green hydrogen-fueled peaking power plant the new hydrogen system will provide peak power to Duke’s customers at times of increased electricity demand.

In October 2023, Huawei Launches the Next-Generation OTN DC-Centric Kepler Platform; As a result, consumers and enterprises are raising their experience expectations. Against this backdrop, new applications are emerging and higher requirements are being impose

In September 2023, GE Vernova and EnergyHub announce partnership to enhance DER management and grid optimization. Partnership redefines how electric utilities manage DERs, expanding visibility and enabling better orchestration of these devices

Types Covered:
• Micro Inverter
• Central Inverter
• String Inverter
• Hybrid-Inverters
• Other Types
         
Output Power Ratings Covered:
• Below 50 kW
• 50-100 kW
• Above 100 kW

Voltages Covered:
• 100–300 V
• 300–500 V
• Above 500 V

Applications Covered:
• Wind Power Plants
• Solar PV Plants
• Energy Storage Systems
• Electric Vehicles
• Other Applications

End Users Covered:
• Commercial 
• Residential 
• Automobile 
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
     
2 Preface    
 2.1 Abstract   
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology 
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions 
     
3 Market Trend Analysis  
 3.1 Introduction  
 3.2 Drivers   
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats   
 3.6 Application Analysis 
 3.7 End User Analysis  
 3.8 Emerging Markets  
 3.9 Impact of Covid-19  
     
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry  
     
5 Global Grid-forming Inverter Market, By Type
 5.1 Introduction  
 5.2 Micro Inverter  
 5.3 Central Inverter  
 5.4 String Inverter  
 5.5 Hybrid-Inverters  
 5.6 Other Types  
     
6 Global Grid-forming Inverter Market, By Output Power Rating
 6.1 Introduction  
 6.2 Below 50 kW  
 6.3 50-100 kW  
 6.4 Above 100 kW  
     
7 Global Grid-forming Inverter Market, By Voltage
 7.1 Introduction  
 7.2 100–300 V  
 7.3 300–500 V  
 7.4 Above 500 V  
     
8 Global Grid-forming Inverter Market, By Application
 8.1 Introduction  
 8.2 Wind Power Plants  
 8.3 Solar PV Plants  
 8.4 Energy Storage Systems 
 8.5 Electric Vehicles  
 8.6 Other Applications  
     
9 Global Grid-forming Inverter Market, By End User
 9.1 Introduction  
 9.2 Commercial  
 9.3 Residential  
 9.4 Automobile  
 9.5 Other End Users  
     
10 Global Grid-forming Inverter Market, By Geography
 10.1 Introduction  
 10.2 North America  
  10.2.1 US  
  10.2.2 Canada  
  10.2.3 Mexico  
 10.3 Europe   
  10.3.1 Germany  
  10.3.2 UK  
  10.3.3 Italy  
  10.3.4 France  
  10.3.5 Spain  
  10.3.6 Rest of Europe 
 10.4 Asia Pacific  
  10.4.1 Japan  
  10.4.2 China  
  10.4.3 India  
  10.4.4 Australia  
  10.4.5 New Zealand 
  10.4.6 South Korea 
  10.4.7 Rest of Asia Pacific 
 10.5 South America  
  10.5.1 Argentina 
  10.5.2 Brazil  
  10.5.3 Chile  
  10.5.4 Rest of South America
 10.6 Middle East & Africa 
  10.6.1 Saudi Arabia 
  10.6.2 UAE  
  10.6.3 Qatar  
  10.6.4 South Africa 
  10.6.5 Rest of Middle East & Africa
     
11 Key Developments   
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers 
 11.3 New Product Launch 
 11.4 Expansions  
 11.5 Other Key Strategies 
     
12 Company Profiling   
 12.1 Power Electronics  
 12.2 TBEA Xingjiang Sunoasis 
 12.3 Growatt New Energy 
 12.4 Huawei Technologies Co. Ltd. 
 12.5 General Electric  
 12.6 SMA Solar Technology 
 12.7 Schneider Electric  
 12.8 SolarEdge Technologies 
 12.9 Delta Electronics  
 12.10 Altenergy Power System 
 12.11 Sensata Technologies 
 12.12 Delphi Technologies 
 12.13 KACO New Energy  
 12.14 TMEIC    
 12.15 Fronius International  
 12.16 Goodwe    
 12.17 Enphase Energy  
 12.18 Games Electric  
 12.19 SunPower Corporation 
 12.20 Canadian Solar In  
     
List of Tables    
1 Global Grid-forming Inverter Market Outlook, By Region (2021-2030) ($MN)
2 Global Grid-forming Inverter Market Outlook, By Type (2021-2030) ($MN)
3 Global Grid-forming Inverter Market Outlook, By Micro Inverter (2021-2030) ($MN)
4 Global Grid-forming Inverter Market Outlook, By Central Inverter (2021-2030) ($MN)
5 Global Grid-forming Inverter Market Outlook, By String Inverter (2021-2030) ($MN)
6 Global Grid-forming Inverter Market Outlook, By Hybrid-Inverters (2021-2030) ($MN)
7 Global Grid-forming Inverter Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Grid-forming Inverter Market Outlook, By Output Power Rating (2021-2030) ($MN)
9 Global Grid-forming Inverter Market Outlook, By Below 50 kW (2021-2030) ($MN)
10 Global Grid-forming Inverter Market Outlook, By 50-100 kW (2021-2030) ($MN)
11 Global Grid-forming Inverter Market Outlook, By Above 100 kW (2021-2030) ($MN)
12 Global Grid-forming Inverter Market Outlook, By Voltage (2021-2030) ($MN)
13 Global Grid-forming Inverter Market Outlook, By 100–300 V (2021-2030) ($MN)
14 Global Grid-forming Inverter Market Outlook, By 300–500 V (2021-2030) ($MN)
15 Global Grid-forming Inverter Market Outlook, By Above 500 V (2021-2030) ($MN)
16 Global Grid-forming Inverter Market Outlook, By Application (2021-2030) ($MN)
17 Global Grid-forming Inverter Market Outlook, By Wind Power Plants (2021-2030) ($MN)
18 Global Grid-forming Inverter Market Outlook, By Solar PV Plants (2021-2030) ($MN)
19 Global Grid-forming Inverter Market Outlook, By Energy Storage Systems (2021-2030) ($MN)
20 Global Grid-forming Inverter Market Outlook, By Electric Vehicles (2021-2030) ($MN)
21 Global Grid-forming Inverter Market Outlook, By Other Applications (2021-2030) ($MN)
22 Global Grid-forming Inverter Market Outlook, By End User (2021-2030) ($MN)
23 Global Grid-forming Inverter Market Outlook, By Commercial (2021-2030) ($MN)
24 Global Grid-forming Inverter Market Outlook, By Residential (2021-2030) ($MN)
25 Global Grid-forming Inverter Market Outlook, By Automobile (2021-2030) ($MN)
26 Global Grid-forming Inverter Market Outlook, By Other End Users (2021-2030) ($MN)
27 North America Grid-forming Inverter Market Outlook, By Country (2021-2030) ($MN)
28 North America Grid-forming Inverter Market Outlook, By Type (2021-2030) ($MN)
29 North America Grid-forming Inverter Market Outlook, By Micro Inverter (2021-2030) ($MN)
30 North America Grid-forming Inverter Market Outlook, By Central Inverter (2021-2030) ($MN)
31 North America Grid-forming Inverter Market Outlook, By String Inverter (2021-2030) ($MN)
32 North America Grid-forming Inverter Market Outlook, By Hybrid-Inverters (2021-2030) ($MN)
33 North America Grid-forming Inverter Market Outlook, By Other Types (2021-2030) ($MN)
34 North America Grid-forming Inverter Market Outlook, By Output Power Rating (2021-2030) ($MN)
35 North America Grid-forming Inverter Market Outlook, By Below 50 kW (2021-2030) ($MN)
36 North America Grid-forming Inverter Market Outlook, By 50-100 kW (2021-2030) ($MN)
37 North America Grid-forming Inverter Market Outlook, By Above 100 kW (2021-2030) ($MN)
38 North America Grid-forming Inverter Market Outlook, By Voltage (2021-2030) ($MN)
39 North America Grid-forming Inverter Market Outlook, By 100–300 V (2021-2030) ($MN)
40 North America Grid-forming Inverter Market Outlook, By 300–500 V (2021-2030) ($MN)
41 North America Grid-forming Inverter Market Outlook, By Above 500 V (2021-2030) ($MN)
42 North America Grid-forming Inverter Market Outlook, By Application (2021-2030) ($MN)
43 North America Grid-forming Inverter Market Outlook, By Wind Power Plants (2021-2030) ($MN)
44 North America Grid-forming Inverter Market Outlook, By Solar PV Plants (2021-2030) ($MN)
45 North America Grid-forming Inverter Market Outlook, By Energy Storage Systems (2021-2030) ($MN)
46 North America Grid-forming Inverter Market Outlook, By Electric Vehicles (2021-2030) ($MN)
47 North America Grid-forming Inverter Market Outlook, By Other Applications (2021-2030) ($MN)
48 North America Grid-forming Inverter Market Outlook, By End User (2021-2030) ($MN)
49 North America Grid-forming Inverter Market Outlook, By Commercial (2021-2030) ($MN)
50 North America Grid-forming Inverter Market Outlook, By Residential (2021-2030) ($MN)
51 North America Grid-forming Inverter Market Outlook, By Automobile (2021-2030) ($MN)
52 North America Grid-forming Inverter Market Outlook, By Other End Users (2021-2030) ($MN)
53 Europe Grid-forming Inverter Market Outlook, By Country (2021-2030) ($MN)
54 Europe Grid-forming Inverter Market Outlook, By Type (2021-2030) ($MN)
55 Europe Grid-forming Inverter Market Outlook, By Micro Inverter (2021-2030) ($MN)
56 Europe Grid-forming Inverter Market Outlook, By Central Inverter (2021-2030) ($MN)
57 Europe Grid-forming Inverter Market Outlook, By String Inverter (2021-2030) ($MN)
58 Europe Grid-forming Inverter Market Outlook, By Hybrid-Inverters (2021-2030) ($MN)
59 Europe Grid-forming Inverter Market Outlook, By Other Types (2021-2030) ($MN)
60 Europe Grid-forming Inverter Market Outlook, By Output Power Rating (2021-2030) ($MN)
61 Europe Grid-forming Inverter Market Outlook, By Below 50 kW (2021-2030) ($MN)
62 Europe Grid-forming Inverter Market Outlook, By 50-100 kW (2021-2030) ($MN)
63 Europe Grid-forming Inverter Market Outlook, By Above 100 kW (2021-2030) ($MN)
64 Europe Grid-forming Inverter Market Outlook, By Voltage (2021-2030) ($MN)
65 Europe Grid-forming Inverter Market Outlook, By 100–300 V (2021-2030) ($MN)
66 Europe Grid-forming Inverter Market Outlook, By 300–500 V (2021-2030) ($MN)
67 Europe Grid-forming Inverter Market Outlook, By Above 500 V (2021-2030) ($MN)
68 Europe Grid-forming Inverter Market Outlook, By Application (2021-2030) ($MN)
69 Europe Grid-forming Inverter Market Outlook, By Wind Power Plants (2021-2030) ($MN)
70 Europe Grid-forming Inverter Market Outlook, By Solar PV Plants (2021-2030) ($MN)
71 Europe Grid-forming Inverter Market Outlook, By Energy Storage Systems (2021-2030) ($MN)
72 Europe Grid-forming Inverter Market Outlook, By Electric Vehicles (2021-2030) ($MN)
73 Europe Grid-forming Inverter Market Outlook, By Other Applications (2021-2030) ($MN)
74 Europe Grid-forming Inverter Market Outlook, By End User (2021-2030) ($MN)
75 Europe Grid-forming Inverter Market Outlook, By Commercial (2021-2030) ($MN)
76 Europe Grid-forming Inverter Market Outlook, By Residential (2021-2030) ($MN)
77 Europe Grid-forming Inverter Market Outlook, By Automobile (2021-2030) ($MN)
78 Europe Grid-forming Inverter Market Outlook, By Other End Users (2021-2030) ($MN)
79 Asia Pacific Grid-forming Inverter Market Outlook, By Country (2021-2030) ($MN)
80 Asia Pacific Grid-forming Inverter Market Outlook, By Type (2021-2030) ($MN)
81 Asia Pacific Grid-forming Inverter Market Outlook, By Micro Inverter (2021-2030) ($MN)
82 Asia Pacific Grid-forming Inverter Market Outlook, By Central Inverter (2021-2030) ($MN)
83 Asia Pacific Grid-forming Inverter Market Outlook, By String Inverter (2021-2030) ($MN)
84 Asia Pacific Grid-forming Inverter Market Outlook, By Hybrid-Inverters (2021-2030) ($MN)
85 Asia Pacific Grid-forming Inverter Market Outlook, By Other Types (2021-2030) ($MN)
86 Asia Pacific Grid-forming Inverter Market Outlook, By Output Power Rating (2021-2030) ($MN)
87 Asia Pacific Grid-forming Inverter Market Outlook, By Below 50 kW (2021-2030) ($MN)
88 Asia Pacific Grid-forming Inverter Market Outlook, By 50-100 kW (2021-2030) ($MN)
89 Asia Pacific Grid-forming Inverter Market Outlook, By Above 100 kW (2021-2030) ($MN)
90 Asia Pacific Grid-forming Inverter Market Outlook, By Voltage (2021-2030) ($MN)
91 Asia Pacific Grid-forming Inverter Market Outlook, By 100–300 V (2021-2030) ($MN)
92 Asia Pacific Grid-forming Inverter Market Outlook, By 300–500 V (2021-2030) ($MN)
93 Asia Pacific Grid-forming Inverter Market Outlook, By Above 500 V (2021-2030) ($MN)
94 Asia Pacific Grid-forming Inverter Market Outlook, By Application (2021-2030) ($MN)
95 Asia Pacific Grid-forming Inverter Market Outlook, By Wind Power Plants (2021-2030) ($MN)
96 Asia Pacific Grid-forming Inverter Market Outlook, By Solar PV Plants (2021-2030) ($MN)
97 Asia Pacific Grid-forming Inverter Market Outlook, By Energy Storage Systems (2021-2030) ($MN)
98 Asia Pacific Grid-forming Inverter Market Outlook, By Electric Vehicles (2021-2030) ($MN)
99 Asia Pacific Grid-forming Inverter Market Outlook, By Other Applications (2021-2030) ($MN)
100 Asia Pacific Grid-forming Inverter Market Outlook, By End User (2021-2030) ($MN)
101 Asia Pacific Grid-forming Inverter Market Outlook, By Commercial (2021-2030) ($MN)
102 Asia Pacific Grid-forming Inverter Market Outlook, By Residential (2021-2030) ($MN)
103 Asia Pacific Grid-forming Inverter Market Outlook, By Automobile (2021-2030) ($MN)
104 Asia Pacific Grid-forming Inverter Market Outlook, By Other End Users (2021-2030) ($MN)
105 South America Grid-forming Inverter Market Outlook, By Country (2021-2030) ($MN)
106 South America Grid-forming Inverter Market Outlook, By Type (2021-2030) ($MN)
107 South America Grid-forming Inverter Market Outlook, By Micro Inverter (2021-2030) ($MN)
108 South America Grid-forming Inverter Market Outlook, By Central Inverter (2021-2030) ($MN)
109 South America Grid-forming Inverter Market Outlook, By String Inverter (2021-2030) ($MN)
110 South America Grid-forming Inverter Market Outlook, By Hybrid-Inverters (2021-2030) ($MN)
111 South America Grid-forming Inverter Market Outlook, By Other Types (2021-2030) ($MN)
112 South America Grid-forming Inverter Market Outlook, By Output Power Rating (2021-2030) ($MN)
113 South America Grid-forming Inverter Market Outlook, By Below 50 kW (2021-2030) ($MN)
114 South America Grid-forming Inverter Market Outlook, By 50-100 kW (2021-2030) ($MN)
115 South America Grid-forming Inverter Market Outlook, By Above 100 kW (2021-2030) ($MN)
116 South America Grid-forming Inverter Market Outlook, By Voltage (2021-2030) ($MN)
117 South America Grid-forming Inverter Market Outlook, By 100–300 V (2021-2030) ($MN)
118 South America Grid-forming Inverter Market Outlook, By 300–500 V (2021-2030) ($MN)
119 South America Grid-forming Inverter Market Outlook, By Above 500 V (2021-2030) ($MN)
120 South America Grid-forming Inverter Market Outlook, By Application (2021-2030) ($MN)
121 South America Grid-forming Inverter Market Outlook, By Wind Power Plants (2021-2030) ($MN)
122 South America Grid-forming Inverter Market Outlook, By Solar PV Plants (2021-2030) ($MN)
123 South America Grid-forming Inverter Market Outlook, By Energy Storage Systems (2021-2030) ($MN)
124 South America Grid-forming Inverter Market Outlook, By Electric Vehicles (2021-2030) ($MN)
125 South America Grid-forming Inverter Market Outlook, By Other Applications (2021-2030) ($MN)
126 South America Grid-forming Inverter Market Outlook, By End User (2021-2030) ($MN)
127 South America Grid-forming Inverter Market Outlook, By Commercial (2021-2030) ($MN)
128 South America Grid-forming Inverter Market Outlook, By Residential (2021-2030) ($MN)
129 South America Grid-forming Inverter Market Outlook, By Automobile (2021-2030) ($MN)
130 South America Grid-forming Inverter Market Outlook, By Other End Users (2021-2030) ($MN)
131 Middle East & Africa Grid-forming Inverter Market Outlook, By Country (2021-2030) ($MN)
132 Middle East & Africa Grid-forming Inverter Market Outlook, By Type (2021-2030) ($MN)
133 Middle East & Africa Grid-forming Inverter Market Outlook, By Micro Inverter (2021-2030) ($MN)
134 Middle East & Africa Grid-forming Inverter Market Outlook, By Central Inverter (2021-2030) ($MN)
135 Middle East & Africa Grid-forming Inverter Market Outlook, By String Inverter (2021-2030) ($MN)
136 Middle East & Africa Grid-forming Inverter Market Outlook, By Hybrid-Inverters (2021-2030) ($MN)
137 Middle East & Africa Grid-forming Inverter Market Outlook, By Other Types (2021-2030) ($MN)
138 Middle East & Africa Grid-forming Inverter Market Outlook, By Output Power Rating (2021-2030) ($MN)
139 Middle East & Africa Grid-forming Inverter Market Outlook, By Below 50 kW (2021-2030) ($MN)
140 Middle East & Africa Grid-forming Inverter Market Outlook, By 50-100 kW (2021-2030) ($MN)
141 Middle East & Africa Grid-forming Inverter Market Outlook, By Above 100 kW (2021-2030) ($MN)
142 Middle East & Africa Grid-forming Inverter Market Outlook, By Voltage (2021-2030) ($MN)
143 Middle East & Africa Grid-forming Inverter Market Outlook, By 100–300 V (2021-2030) ($MN)
144 Middle East & Africa Grid-forming Inverter Market Outlook, By 300–500 V (2021-2030) ($MN)
145 Middle East & Africa Grid-forming Inverter Market Outlook, By Above 500 V (2021-2030) ($MN)
146 Middle East & Africa Grid-forming Inverter Market Outlook, By Application (2021-2030) ($MN)
147 Middle East & Africa Grid-forming Inverter Market Outlook, By Wind Power Plants (2021-2030) ($MN)
148 Middle East & Africa Grid-forming Inverter Market Outlook, By Solar PV Plants (2021-2030) ($MN)
149 Middle East & Africa Grid-forming Inverter Market Outlook, By Energy Storage Systems (2021-2030) ($MN)
150 Middle East & Africa Grid-forming Inverter Market Outlook, By Electric Vehicles (2021-2030) ($MN)
151 Middle East & Africa Grid-forming Inverter Market Outlook, By Other Applications (2021-2030) ($MN)
152 Middle East & Africa Grid-forming Inverter Market Outlook, By End User (2021-2030) ($MN)
153 Middle East & Africa Grid-forming Inverter Market Outlook, By Commercial (2021-2030) ($MN)
154 Middle East & Africa Grid-forming Inverter Market Outlook, By Residential (2021-2030) ($MN)
155 Middle East & Africa Grid-forming Inverter Market Outlook, By Automobile (2021-2030) ($MN)
156 Middle East & Africa Grid-forming Inverter Market Outlook, By Other End Users (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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